Tata Power is set to finalise plans for a major solar backward-integration project by January next year, according to CEO and Managing Director Praveer Sinha. The company aims to establish a 10-gigawatt (GW) wafer and ingot manufacturing facility at an estimated cost of ₹6,500 crore. Final decisions on the site and other project details are expected early in the new year.
Sinha said Tata Power is in discussions with several state governments to identify the most suitable location for the facility, with states like Odisha, Tamil Nadu, and Andhra Pradesh being evaluated. The move is part of Tata Power’s strategy to expand its presence in the solar value chain by producing key raw materials domestically rather than relying on imports.
The wafer and ingot plant will complement the company’s existing solar cell and module production, making it a more integrated player in the clean energy sector. The facility is expected to enhance India’s manufacturing capabilities in solar components and support the country’s renewable energy ambitions.
In addition to this project, Tata Power is also exploring other future initiatives, including potential entry into small modular nuclear reactors, highlighting its broader energy diversification plans.
