Tata Power recently inaugurated 4.3 GW solar cell and module manufacturing plant in Tamil Nadu is focused on serving India’s domestic solar market, despite the rapidly growing global demand for Indian solar exports. Built with an investment of ₹4,300 crore ($508 million), the facility spans 317 acres and symbolizes Tata Power’s commitment to supporting India’s renewable energy goals.
“We are dedicating this plant to cater to the massive opportunities in the Indian market,” said Praveer Sinha, CEO of Tata Power. He noted that the plant’s entire production for the next 12 to 16 months has already been committed to domestic projects.
While the plant is geared toward India, the global solar export market has seen tremendous growth. Indian module exports have surged 23 times in two years, with the U.S. accounting for 97% of these shipments. India currently has a solar module manufacturing capacity of 80 GW, though it heavily relies on imported Chinese solar cells due to limited domestic production capacity of 7 GW. Sinha revealed that Tata Power’s facility has the potential to expand production by an additional 4 GW but emphasized that further scaling would be evaluated based on future market conditions.
Tata Power aims to achieve annual revenue of ₹1 trillion by 2030, a significant increase from ₹615 billion in FY 2024. The company also plans to more than double its annual profit to ₹100 billion within the same timeframe. With a planned capital expenditure of ₹1.46 trillion between FY 2025 and FY 2030, nearly 60% will be allocated to renewable energy projects, reaffirming Tata Power’s strategic focus on sustainability and clean energy leadership.
Tata Power, one of India’s largest integrated power companies, is a subsidiary of the Tata Group, known for its diverse energy portfolio that spans across generation, transmission, distribution, and renewable energy. The company has a strong presence in both conventional and renewable energy sectors, with a focus on sustainability and clean energy.
Tata Power operates a mix of thermal, hydro, wind, and solar power plants, contributing significantly to India’s energy infrastructure. It has made substantial investments in renewable energy, aligning with the country’s goals to reduce carbon emissions and promote green energy. With a commitment to innovation and environmental responsibility, Tata Power continues to play a pivotal role in India’s energy transition while expanding its footprint in the global energy market.
