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Reuters: India's Tata Power prefers domestic market over lucrative solar exports, CEO says
https://www.reuters.com/business/energy/indias-tata-power-prefers-domestic-market-over-lucrative-solar-exports-ceo-says-2024-12-06/India's Tata Power prefers domestic market over lucrative solar exports, CEO says
By Praveen Paramasivam
December 6, 2024 7:25 AM EST
TIRUNELVELI, India, Dec 6 (Reuters) - Tata Power's newly built 4.3 gigawatt (GW) solar module and cell manufacturing facility in southern India will largely cater to domestic markets, its chief executive said, even as exports from the country have grown exponentially.
Tata Power, one of India's leading integrated power companies, has built a new solar module and cell manufacturing facility in Tamil Nadu state, with an investment of 43 billion rupees ($508 million), overlooking several wind turbines in the region.
"We are setting up this plant to cater to the Indian market ... This country offers huge opportunity. Whatever we are producing over here for the next 12 to 16 months is already tied up (with projects)," Praveer Sinha told reporters on Friday at the new plant spread across 317 acres.
Although Sinha said Tata Power's new manufacturing facility would cater to India's domestic market, solar module and cell making companies are increasingly trying to tap the market in the United States, the world's second-largest solar consumer after China.
…
By Praveen Paramasivam
December 6, 2024 7:25 AM EST
TIRUNELVELI, India, Dec 6 (Reuters) - Tata Power's newly built 4.3 gigawatt (GW) solar module and cell manufacturing facility in southern India will largely cater to domestic markets, its chief executive said, even as exports from the country have grown exponentially.
Tata Power, one of India's leading integrated power companies, has built a new solar module and cell manufacturing facility in Tamil Nadu state, with an investment of 43 billion rupees ($508 million), overlooking several wind turbines in the region.
"We are setting up this plant to cater to the Indian market ... This country offers huge opportunity. Whatever we are producing over here for the next 12 to 16 months is already tied up (with projects)," Praveer Sinha told reporters on Friday at the new plant spread across 317 acres.
Although Sinha said Tata Power's new manufacturing facility would cater to India's domestic market, solar module and cell making companies are increasingly trying to tap the market in the United States, the world's second-largest solar consumer after China.
…