The U.S. International Development Finance Corporation’s (DFC) board has approved a provision of up to USD 425 million in financing for Tata Group’s upcoming greenfield 4.3 GW solar cell and module manufacturing plant, in Tirunelveli.
The plant is being constructed by TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL). TPREL is a subsidiary of Tata Power Company Limited
The plant’s first module production is expected by the end of the year, and the first cell production is expected in the first quarter of FY 24, according to a statement. The plant will integrate advanced technologies enabling the production of high wattage solar modules and cells with industry-leading efficiencies.
