News Brief
A shop floor of solar cells and panels in Bangalore, India. (Hemant Mishra/Mint via GettyImages)
Tata Power Solar Systems Limited, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, on Wednesday (7 April) announced a significant expansion of its state-of-the-art manufacturing facility in Bengaluru, taking the total production capacity of cells and modules to 1,100 MW.
The expansion is based on the significant increase in demand that the company has seen for its solar modules, as well as the expected increase in demand due to supportive policy steps announced recently by the Government of India for creating ‘Atmanirbhar Bharat’, the company said in a statement.
The company expanded its manufacturing capacity of Cell in Bengaluru facility from 300 MW to 530 MW with Mono PERC and Module from 400 MW to 580 MW with Mono PERC Half cut technology.
This comes in the backdrop of the Union cabinet on Wednesday (7 April) approving Production Linked Incentive (PLI) Scheme 'National Programme on High Efficiency Solar PV (Photovoltaic) Modules' with an outlay of Rs 4,500 crore.
This scheme is estimated to create an additional 10,000 MW capacity of integrated solar PV manufacturing plants with an investment of around Rs 17,200 crore.
Also, around 1.5 lakh employment opportunities are estimated to be created along with an import substitution of almost Rs 17,500 crore every year.