Tata Power Solar to expand its solar manufacturing capacity

Tata Power Solar Systems Ltd, India’s largest integrated solar company, announced its expansion and modernisation plans at its Bangalore manufacturing facility. The expansion and modernisation plan is line with government’s target of renewable energy generation of 100 GW by 2022.

The expansion will be in two stages, with doubling of module capacity to 400 MW from 200 MW and increase in cell manufacturing facility by 65 per cent from 180 MW to 300MW. The company will also be able to ramp up full capacity production in record time.

The expansion and modernisation is on the backdrop of landmark achievement on being the first Indian company to ship 1GW modules worldwide. Robust expansion in solar equipment manufacturing is backed by drop in prices of raw material such as silicon.

Also, the government is focusing more on renewable energy to achieve the target of 100GW renewable energy generation. The current expansion by the company is under the government’s 'Make in India' plan for domestic production of solar modules and cells.

Tata Power opened today at Rs 83.40 mark and closed at Rs 84.80, up by 1.68 per cent.