Tata Power Solar doubles module manufacturing capacity to 400MW
Bengaluru: Tata Power Solar Systems Pvt. Ltd, a unit of power producer Tata Power Co. Ltd, on Tuesday said it has doubled its solar module capacity to 400 megawatt (MW) from 200 MW and increased its cell manufacturing capacity by 65% to 300 MW from 180 MW at its plant in Bengaluru, India.
Tata Power Solar, which was founded as a joint venture between Tata Power and British Petroleum Solar (BP Solar) in 1989, is one of the largest manufacturers of solar modules in the country. Solar photovoltaic (PV) modules, a key component in setting up of solar plants, make up for nearly 60% of a solar project’s cost. Module prices have been on a downward trend for the past two years due to a global oversupply.
As part of its expansion, the second one in less than three years, the company said it has also modernized and fully automated its entire manufacturing facility.
While executives at the company refrained from giving an exact amount, such kind of capacity expansions require an investment of more than Rs100 crore, they said at a media briefing on Tuesday.