Tata Power prepares to leverage increased PLI plan for PV production ramp-up

• Indian utility Tata Power will aim to benefit from policy support from India's government as it sets up new cell as well as module manufacturing capacity in the country.

Posting its Q3 results the other day, the business stated it prepares to take advantage of both India's production-linked incentive (PLI) program and also the upcoming introduction of import tasks on solar devices as it progresses with setting up 4GW of cell and also module capacity with a financial investment of INR34 billion (US$ 453 million).

A federal government effort targeted at backing the domestic advancement of high-efficiency PV modules, the PLI plan originally saw 18 bidders send 54.8 GW of applications. India's financing priest has because announced that funding for the programme will be boosted more than four-fold as the nation aims to get to 280GW of set up solar capacity by 2030.

Ashish Khanna, president at Tata Power Renewables, told lately that he sees a "brilliant future" for solar manufacturing in India, with the company discovering numerous sites as well as states for its new manufacturing plant.

The ramp-up follows Tata Power Solar last year raising Mono Passivated Emitter Rear Cell (PERC) capacity at its Bengaluru plant from 300MW to 530MW, while module assembly capacity at the site increased from 400MW to 580MW.

As of 1 April, Indian solar manufacturers will certainly gain from a basic customs responsibility of 40% on modules and 25% on cells-- a policy that research as well as working as a consultant firm Bridge to India projections will be a "game changer" for residential manufacturers.

During Q3, Tata Power added 289MW of renewables capacity, while its Tata Power Solar subsidiary secured a total amount of 320MW of utility-scale engineering, purchase and also building (EPC) orders, consisting of India's largest solar-plus-storage project to date.

Thanks in part to solar project implementation, Tata Power saw its Q3 income dive 42% year-on-year to INR110.2 billion (US$ 1.46 billion).