Tata Power Launches ₹43 Billion Solar Manufacturing Facility in Tamil Nadu

Tata Power has unveiled a new solar module and cell manufacturing facility in Tamil Nadu, India, with an investment of ₹43 billion ($508 million). The 317-acre plant aims to cater primarily to the growing domestic market, according to Praveer Sinha, CEO of Tata Power. The facility is expected to meet the significant demand for solar power projects in India, with all production for the next 12 to 16 months already committed to ongoing projects. This expansion aligns with Tata Power’s strategy to enhance its renewable energy portfolio.

Although the new facility is focused on meeting India’s domestic needs, the export market for Indian solar modules has seen explosive growth. Over the past two years, exports of Indian-made solar modules have surged more than 23 times, with the United States accounting for over 97% of the shipments. Despite this, Indian manufacturers still rely on Chinese-made cells, with India’s solar module-making capacity at 80 GW, while its cell production stands at just over 7 GW.

Tata Power’s new plant has the potential to add an additional 4 GW of solar cell and module production capacity. The company plans to invest significantly in the renewable energy sector, with nearly 60% of its capital expenditure focused on this area over the next five years. Tata Power is also targeting ₹1 trillion in annual revenue and ₹100 billion in profit by 2030, as part of its broader growth strategy.

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