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Tata Power to invest Rs 3,000 cr in TN for solar cell & module
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IANS | 04 Jul, 2022
Integrated power company Tata Power Ltd will set up a 4GW solar cell and
4GW solar module manufacturing plant in Tamil Nadu at an outlay of
about Rs 3,000 crore.
The company on Monday signed a
Memorandum of Understanding (MoU) with the Tamil Nadu government in the
presence of Chief Minister M.K. Stalin at the Tamil Nadu Investors'
First Port of Call - Investment Conclave.
The MoU outlines the commitment made by both parties to stimulate clean energy transition and employment in the state.
According
to Tata Power, the investment in the plant will be made over a period
of 16 months and will directly or indirectly create over 2,000
employment opportunities with majority of them being women employees.
"Tata
Power Solar's new production facility is being set up with the support
and assistance of Tamil Nadu government. It will help meet the rising
demand for clean energy solutions in the country apart from providing
employment opportunities," said Praveer Sinha, CEO & MD, Tata Power.
The
new plant in Tamil Nadu will integrate Mono-PERC (Passivated Emitter
and Rear Cell) bifacial technology with future n-Type technology of
Tunnel Oxide Passivated Contacts (TOPCON) and will produce high wattage
modules with industry-leading efficiencies.
For the smooth
navigation of equipment, the facility will implement Autonomous Mobile
Robots (AMR), which use lasers and cameras for transporting parts.
Tata
Power Solar's Tamil Nadu facility will be the second manufacturing unit
of the company after Bengaluru. As one of the largest solar
manufacturers in India, the company operates a world-class manufacturing
unit in Bengaluru, with a production capacity of 635 MW of modules and
500 MW of cells.
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