Tata Power Solar wins order from NTPC to develop 320MW solar park

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Image: Tata Power.

Tata Power Solar has secured an order to build a 320MW solar project in India for NTPC’s, the country’s largest power company.

The Tata Power subsidiary has received a letter of award for the park, which is expected to be complete by May 2022. The value of the order is around US$162 million.

As part of the project development, the company will be tasked with land acquisition, engineering, procurement, installation and commissioning. It will also carry out operations and maintenance for three years.

With the latest addition, Tata Power Solar said its order pipeline stands at approximately 4GWp. The company is currently developing a 105MWp floating solar project at an NTPC-owned site in the Indian state of Kerala. Tata Power, meanwhile, won a capacity of 370MW in a recent auction for 1.2GW of solar projects carried out by NTPC.

Gurdeep Singh, managing director of NTPC, recently announced the majority state-owned firm is “surging ahead” to increase its renewables portfolio, as it aims to add more than 5GW of solar capacity in the next two years. He also revealed the company has signed an agreement with the International Solar Alliance to develop solar projects in 47 countries.

NTPC, which is India’s largest thermal power generation company, last month secured 200MW of additional solar capacity, posting a winning bid that set a record for the lowest solar tariff seen in India. Three other firms quoted the INR1.99/kWh (US$0.0269/kWh) amount in the auction for solar parks to be developed in the state of Gujarat.

Read Next

PV Tech Premium
April 8, 2021
After a challenging year, India’s solar sector stands primed for something of a rebound. But a host of familiar issues, from the perilous state of DISCOMs to regulatory uncertainty, run the risk of stymying future growth. Vinay Rustagi, managing director at consultancy Bridge to India, talks to PV Tech about the future prospects for Indian solar.
April 8, 2021
Tata Power Solar has expanded its PV manufacturing facility in Bengaluru, India, taking the total production capacity of modules and cells to 1.1GW.
April 1, 2021
Norwegian independent power producer Scatec is looking to collaborate with project developers in India as part of efforts to gain a foothold in the country’s burgeoning solar sector.
PV Tech Premium
March 26, 2021
Solar developers have welcomed clarification on India’s new import duties for modules and cells that will come into effect next year, but questions have been raised about the ability of domestic manufacturers to ramp up production to meet rising demand.
March 23, 2021
Scatec has unveiled a NOK 100 billion (US$11.7 billion) plan that will see the company expand its renewables portfolio to 15GW over the next four years.
March 19, 2021
Indian PV developer Adani Green Energy has raised a US$1.35 billion debt package to initially support the construction of a 1.69GW hybrid portfolio of solar and wind projects in the state of Rajasthan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET