BP Solar and Tata Power’s join venture, Tata BP Solar, has added a new production line of 32MW of solar photovoltaic cells at its plant in Bangalore. The total cell manufacturing capacity of the company has now reached 84MW, with a module capacity of 125MW. The company initiated this expansion through a US$100 million investment throughout 2008.
BP Solar CEO Reyad Fezzani said, “Tata BP Solar has had profitable growth over the last 20 years. Global demand for solar is expected to grow over 80% in 2010, and in India it is likely to grow five-fold to 150MW. In the longer term, the Indian market is poised to become a world-scale market by 2022 stimulated by the supportive policies announced by the Government of India.”
Tata Power MD, Prasad Menon said, “In view of the huge demand-supply gap in the power sector in India, large scale use of solar energy is imperative, especially given the abundant sunshine all over the country throughout the year. The key to growing the mass market is cost reduction, which will not happen without achieving large-scale supply. This development assures supply to meet new opportunities coming up in India.”