Tata Power Solar Launches 2 GW Solar Cell Production in Tamil Nadu, Plans Expansion to 4.3 GW
In a significant boost to India’s renewable energy landscape, Tata Power Solar Systems Limited (TPSSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL), has officially started the commercial production of solar cells at its Tirunelveli facility in Tamil Nadu. With an initial capacity of 2 gigawatts (GW), this new facility marks a major step forward in India’s transition to green energy.
The Tirunelveli plant, set up with an investment of Rs 43 billion, is expected to reach its peak production of 4.3 GW within the coming months. Over the next 4 to 6 weeks, an additional 2 GW of production capacity will be added, setting up the facility to become one of the largest solar cell manufacturing units in the country.
TOPCon and Mono Perc Modules Lead the Way
Tata Power Solar’s facility in Tamil Nadu is equipped to manufacture advanced TOPCon (Tunnel Oxide Passivated Contact) and Mono Perc solar modules. These technologies are at the cutting edge of solar energy production, known for their high efficiency and durability. The production of these modules began in 2023, and their inclusion in Tata Power Solar’s lineup represents the company’s commitment to embracing the latest innovations in renewable energy.
TOPCon solar modules are particularly renowned for their ability to offer better performance in varied weather conditions, while Mono Perc modules are celebrated for their efficiency and cost-effectiveness. Together, these technologies will play a crucial role in supporting India’s growing demand for clean and sustainable energy sources.
Expanding Production and Driving Renewable Energy Growth
The commercial launch of the 2 GW solar cell production line is just the first step in Tata Power Solar’s larger vision of contributing to India’s renewable energy goals. As the country pushes toward its ambitious targets for solar energy generation, Tata Power Solar is positioning itself as a key player by scaling up its production capabilities.
Once the facility reaches its full capacity of 4.3 GW, it will significantly enhance the supply of solar cells and modules, which are critical components for solar power projects across India. This expansion will not only help meet the rising demand for solar power but also reduce the country’s reliance on imported solar components, boosting domestic manufacturing and self-reliance.
Financing Solar Solutions: Partnerships with ICICI Bank and Bank of India
In addition to scaling up production, Tata Power Solar is actively working to make solar energy more accessible to consumers and businesses across India. In August 2024, TPSSL announced a strategic partnership with ICICI Bank to provide easy financing options for solar energy projects. This partnership aims to facilitate the adoption of solar energy by offering loans and financial products to individuals and businesses seeking to install rooftop solar panels.
Further building on this initiative, Tata Power Solar also partnered with the Bank of India in July 2024. This collaboration focuses on providing flexible and affordable financing options for both rooftop solar installations and electric vehicle (EV) charging stations. By making solar energy more financially accessible, these partnerships are expected to drive widespread adoption of clean energy solutions and contribute to India’s efforts to reduce carbon emissions.
Paving the Way for India’s Solar Future
The combination of increased production capacity and strategic financing initiatives positions Tata Power Solar as a key contributor to India’s renewable energy future. The company’s efforts align with the Indian government’s focus on reducing the nation’s dependence on fossil fuels and increasing the share of solar energy in the national energy mix.
Tata Power Solar’s expansion in Tamil Nadu is not only a major step in boosting domestic solar cell production but also a significant investment in the future of clean energy. By ramping up production, the company is poised to meet the growing demand for solar power in India, supporting the country’s ambitious renewable energy goals.
The Tirunelveli facility’s production will play a critical role in ensuring that India continues to lead the way in solar energy development. As the country transitions to greener energy, Tata Power Solar’s investments in technology, production, and financing are likely to make solar power more accessible and affordable for both businesses and consumers alike.
