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Tata group likely to set up Tamil Nadu solar cell plant, invest Rs 3,000 cr

State seeks to have 25 GW of renewable energy capacity by 2030, become investment destination in sector.

solar power, renewable energy, power, clean energy
The Tata group’s unit will help Tamil Nadu to present itself as an attractive investment destination for alternate energy

The Tata group’s solar arm plans to set up a 4GW integrated solar photovoltaic cell manufacturing unit in Tirunelveli district of Tamil Nadu for Rs 3,000 crore, helping the state’s plans to bump up its solar power capacity in ten years. The Tamil Nadu Generation and Distribution Corporation (Tangedco) targets around 25 GW of renewable capacity by 2030: that includes 20 GW solar project with adequate battery storage, 3 GW of pumped storage hydroelectric project, and 2 GW of gas-based power units. The state looks to arrange loans to the tune of around Rs 1.32 trillion for ...