From pv magazine India
US International Development Finance Corp. (DFC) has approved up to $425 million to finance Tata Power’s new greenfield 4.3 GW solar cell and module manufacturing plant in the Indian state of Tamil Nadu.
Tata Power is one of India’s largest integrated power companies. Its step-down subsidiary, TP Solar, is setting up the 4.3 GW solar factory in Tirunelveli district. The facility is expected to start PV module production by the end of the year, with cell production to start in the first quarter of 2024.
“The Tirunelveli manufacturing plant will integrate advanced technologies enabling the production of high-wattage solar modules and cells with industry-leading efficiencies. Additionally, the facility will implement industry 4.0 standards for smart manufacturing,” said Tata Power. “The plant is expected to create over 2,000 employment opportunities directly or indirectly, with the majority of the employees being women from the local areas.”
Popular content
Tata Power has committed to expanding its clean and green energy capacity from 38% to 70% by 2030. The company is actively focusing on renewable capacity expansion and transitioning into a consumer-oriented business.
Currently, Tata Power’s renewable portfolio stands at approx. 7.8 GW, with 4.1 GW operational and 3.6 GW under implementation. The company already has an operating solar cell and module manufacturing capacity of 500 MW per year.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.