Tata Power Solar
India ranks 4th in the world in terms of installed renewable energy capacity and India's non-fossil fuel energy has grown by over 25% in the previous 7 years.
Tata Power Solar Systems Ltd. is part of the Tata Group and the largest integrated solar power player in the country. It has three separate business segments – manufacturing of solar cells and modules, engineering, procurement and construction (EPC) for solar power projects and other solar products. It provides customised and specialised solutions for various sectors like, education, banking, healthcare, telecom, etc. and operates in both rural and urban areas. Tata Power has a capacity of 12.8 GW, of which 3.9 GW is currently from clean energy, and it aims to make 80% of its total power coming from clean energy by 2030. It had total income of Rs. 8,580.55 crore (US$ 1.09 billion) in FY22.
- Leading solar player in India
- Largest integrated solar player in the country
- Module manufacturing capacity of 400 MW
- Cell manufacturing capacity of 300 MW
- 29 years of experience
Tata Power Solar – A Tata Enterprise
| Year | Milestone |
|---|---|
| 2022 |
In November 2022, Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, received the ‘Letter of Award’ (LoA) from the Maharashtra State Electricity Distribution Corporation Limited (MSEDCL) to set up a 150MW solar project in Solapur, Maharashtra. In February 2022, Tata Power Solar entered into an agreement with the State Bank of India (SBI) to help finance solar power projects through a dedicated centralised processing cell – ‘Surya Shakti Cell’. |
| 2021 |
In September 2021, Tata Power’s subsidiary TP Saurya Limited (TPSL) announced plans to set up setting up of 250 MW Grid-Connected Solar Photovoltaic Power plant in Maharashtra. In September 2021, Tata Motors inked a solar power purchase agreement with Tata Power to set up and run a 3 MW solar rooftop project at its passenger vehicle plant in Pune. In June 2021, Tata Power installed smart meters in Mumbai to offer users options to optimise their electricity consumption in real time. In line with its commitment to provide 100% green power to Mumbai customers, in June 2021, Tata Power announced that over 37 consumers with a consumption of >19 MUs have opted for ‘Green Power’, this includes consumers from sectors such as Banks and Consumer Business Groups and IT firms. In June 2021, Tata Power Solar secured a contract worth Rs. 686 crore (US$ 93.58 million) from the NTPC to build 210 MW projects in Gujarat. In April 2021, Tata Power Solar expanded the manufacturing unit capacity by doubling its cells and modules capacity to 1,100 MW. In April 2021, Tata Power and Social Alpha announced to invest in ‘URJA’, an Industrial IOT start-up, to build energy-efficiency capabilities. The NTPC has awarded an EPC (engineering, procurement, and construction) contract worth Rs. 1,200 crore (US$ 163.44 million) to Tata Power Solar for constructing a 320 MW ground-mounted solar PV plant. Tata Power partnered with SIDBI to provide low-cost, no-collateral rooftop solar financing to MSMEs. |
| 2020 |
Tata Power raised Rs. 1,000 crore (US$ 135.93 million) by issuing non-convertible debentures (NCDs). Tata Power Solar Systems Ltd to develop a 250 MW solar project for NTPC |
| 2019 |
Won the bid for 105 MWp floating solar energy project in Kerala Tata Power Solar commissioned 70 kW solar rooftop installation at India International Centre |
| 2018 |
Tata Power Solar received an award for Active Promotion of TBEM |
| 2018 |
Tata Power installed solar rooftop solar solution at Cricket Club of India, Mumbai |
| 2018 |
Launched extensive residential rooftop solution across India |
| 2017 |
Shipped 1 GW modules worldwide |
| 2015 |
Ranked #1 in the solar rooftop market by Bridge To India |
| 2012 |
Became a wholly owned subsidiary of the Tata Group |
| 2007 |
Became the largest cell manufacturer in India |
| 2005 |
Won Gold for Manufacturing Excellence by Frost & Sullivan |
| 2001 |
Module manufacturing expansion initiated |
| 1991 |
Commenced commercial manufacturing |
| 1989 |
Tata Power and BP Solar partner to establish Tata BP Solar |
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