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

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
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

May 11, 2021
Spain’s Solarpack was affected by pandemic-related project delays in Chile during a first quarter, in which it saw its net profit shrink 95% year-on-year to €300,000.
May 5, 2021
A round-up of news from the US solar sector, including updates from the Department of Energy, private equity firm American Securities, and Indiana developer Hoosier.
May 5, 2021
SHV Energy, a Netherlands-based liquified petroleum gas (LPG) distributor, has acquired a majority stake in Indian solar developer SunSource Energy.
April 30, 2021
Solar manufacturers that plan on setting up integrated, higher capacity plants in India will be given preference in the country’s new production-linked incentive (PLI) programme.
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.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021