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Tata Power rooftop solar solutions now available in 70 cities

Posted On: 2020-02-19 13:37:37

As part of its strategic plan to grow and maintain leadership in the renewable energy sector, Tata Power has now expanded its rooftop solar services to 70 cities across the country. Tata Power Solar, a wholly-owned subsidiary of Tata Power, has been the market leader in rooftop segment for six years now.

Rooftop solar solutions (RTS) are fast emerging as reliable and economic source of energy for the residential segment of the market in the country. Tata Power Solar offers its RTS solutions as a reliable long term solution from both, environmental and economic perspectives for power consumers across the country. Tata Power Solar is also India's leading integrated solar player, excelling across the solar value chain right from the manufacturing of cell/modules and solar products to executing rooftop and utility-scale solar projects.

Mr. Praveer Sinha, CEO & MD, Tata Power said, "Rooftop solar is an ideal solution for consumers who are looking for a sustainable source of clean energy that has the in-built capacity to pay for itself in the long run. RTS is also a solution developed for a new generation of consumers who expect more from their utilities that just electricity. When combined with new distribution solutions like microgrid, solar rooftop will play a big role in improving the energy access across the country, in both urban and rural parts."

Tata Power Solar has so far installed over 315 MW of rooftop projects, including some of the most industrialised states like Gujarat, Maharashtra and Tamil Nadu. The program has been launched in prominent cities like Mumbai, Pune, Nashik, Surat, Baroda, Delhi, Gurgaon, Agra, Lucknow, Chandigarh, Varanasi, Guwhati, Kolkata, Dhanbad, Puri, Vizag, Vellore, Mysore, Coimbatore and Chennai.

Tata Power Solar has been a pioneer in India's rooftop domain for over 29 years, making it the country's most trusted and dependable rooftop solutions provider. The company has a global footprint with over 1.4 gigawatts (GW) of modules shipped across the world, for over 20 years. Tata Power Solar's module manufacturing lines have an in-house production capacity of 400 megawatts (MW) and cell manufacturing capacity of 300 MW, which can produce mono and multi-crystalline wafers of 125mm and 156mm sizes respectively. These integrated cells and module manufacturing facilities are ISO 9001:2008 and ISO 14001:2004 certified.

Tata Power Solar has also built utility scale projects in 13 states in the country with a total capacity of around 2.76 GW. In 2017, the company executed a 2.6 megawatt (MW) solar rooftop plant at the carport of Kochi International Airport. Incidentally, this is India's largest solarpowered carport.

Other large scale solar projects executed by Tata Power Solar includes the 100MW project in Anantapur, Andhra Pradesh on 500 acres of land and 30MWp Solar Power Plant in Lapanga, Odisha. It is one of the largest Solar Power Project in India, which is built on an Ash Dyke area that has 60% (19 MWp) in Ash Dyke area and 40% (11 MWp) in normal land. Apart from this, Tata Power Solar successfully executed 400 MW installations in Pavagada Solar Park, Karnataka. It has also won an auction conducted by Gujarat for 1000 MW of projects to be built at Dholera solar park.

Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.51.45 as compared to the previous close of Rs. 51.7. The total number of shares traded during the day was 353266 in over 1265 trades.

The stock hit an intraday high of Rs. 52.25 and intraday low of 50.55. The net turnover during the day was Rs. 18092308.


Source: Equity Bulls

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