Tata Power on Thursday said that its arm Tata Power Renewable Energy will invest Rs 6,500 crore in a photovoltaic ingot and wafer manufacturing facility of up to 10 GW capacity.
The production of ingot and wafer will support the company’s backward integration, the company said in an exchange filing.
The Board of Directors of Tata Power Renewable Energy Limited (TPREL), a subsidiary of the company, approved the proposal to adopt a new line of business, photovoltaic (PV) ingot and wafer manufacturing. The proposed new line of business falls under upstream solar photovoltaic (PV) manufacturing, specifically PV Ingot and wafer manufacturing. This segment represents a critical part of the solar value chain, supplying key inputs for downstream cell and module manufacturing.
The foray into ingot and wafer manufacturing supports backward integration, reduces dependence on imports (currently dominated by China), and positions the company to benefit from India’s policy-driven push towards …Tata Power on Thursday said that its arm Tata Power Renewable Energy will invest Rs 6,500 crore in a photovoltaic ingot and wafer manufacturing facility of up to 10 GW capacity.
The production of ingot and wafer will support the company’s backward integration, the company said in an exchange filing.
The Board of Directors of Tata Power Renewable Energy Limited (TPREL), a subsidiary of the company, approved the proposal to adopt a new line of business, photovoltaic (PV) ingot and wafer manufacturing. The proposed new line of business falls under upstream solar photovoltaic (PV) manufacturing, specifically PV Ingot and wafer manufacturing. This segment represents a critical part of the solar value chain, supplying key inputs for downstream cell and module manufacturing.
The foray into ingot and wafer manufacturing supports backward integration, reduces dependence on imports (currently dominated by China), and positions the company to benefit from India’s policy-driven push towards … Latest News [ SOBAN NEWS: International and National ]
