Tata Power Solar has landed what it claims to be India’s largest single solar EPC order of 1GW for roughly INR5500 crore (US$715 million) from Indian state-owned utility SJVN Ltd.
A consortium led by private equity giant BlackRock Real Assets has acquired a 10.53% stake in Tata Power Renewables through a INR4,000 crore (US$525 million) investment.
Tata Power Solar has commissioned a 160MW solar project in the north-western Indian state of Rajasthan as it continues its PV roll-out across the country.
Tata Power subsidiary Tata Power Renewables Energy (TPREL) has commissioned a 300MW solar project in Gujarat, India which it claimed was India’s largest single-axis solar tracker system.
Indian utility Tata Power will aim to take advantage of policy support from India’s government as it sets up new cell and module manufacturing capacity in the country.
After ramping up cell and module production capacity last year, Indian solar manufacturer and EPC firm Tata Power Solar is eyeing further expansions as it bids to take advantage of efforts from India’s government to bolster domestic PV manufacturing.
