Over a period of 16 months, Tata Power plans to invest Rs 3,000 crore to build a greenfield Solar Cell and Module manufacturing plant in Tamil Nadu.
The new plant will be a fully interconnected factory comprising smart manufacturing tools and technologies.
Tata Power has signed a Memorandum of Understanding (MoU) with the Tamil Nadu Government to invest around Rs 3,000 crore for setting up a greenfield 4 GW Solar Cell and 4 GW Solar Module manufacturing plant in Tirunelveli District of Tamil Nadu.
The investment in the plant will be made over 16 months and is expected to provide employment opportunities to over 2,000 people.
The new plant in Tamil Nadu 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 to transport parts.
With the implementation of Industry 4.0 standards, the new plant will be a fully interconnected factory comprising smart manufacturing tools and technologies.
This plant in Tamil Nadu will be the second manufacturing unit of the company after Bangalore, where the company operates a world-class manufacturing unit with a production capacity of 635 MW of modules and 500 MW of cells.
“Tata Power is committed to establishing state-of-the-art manufacturing facilities in the Country and is a forerunner in terms of investing in green technologies. The company is one of the first to put a Solar manufacturing facility in the Country in 1991 and since then has regularly upgraded the facility by setting up the Mono-PERC cell line in FY 21 at its existing manufacturing facility in Bengaluru, Karnataka,” the company said.
“India has an opportunity to spearhead the usage of clean and green energy solutions to meet its energy requirements. Tata Power Solar’s new production facility is being set up with the support and assistance of Tamil Nadu Government, will help to meet the rising demand for clean energy solutions in the Country apart from providing huge employment opportunities,” Praveer Sinha, CEO and MD, Tata Power, said.