New Delhi: Tata BP Solar, a joint venture between Tata Power and BP Solar, which aims to manufacture products to support 300 MW solar electricity by 2012, has produced equipment to generate over 100 MW of power.
“Tata BP Solar has manufactured solar cells and modules to support 105 MW energy so far,” said a person familiar with the matter without divulging further details.
Tata BP Solar exports nearly 70% of its products to the European and the US markets. It has three units in Bangalore. The company invested nearly $100 million (about Rs 500 crore) in 2008-09 for manufacturing solar cells and panels.
Tata BP Solar provides services to defence forces, northeastern states, Bihar, Jharkhand, Chhattisgarh, educational institutions such as IIT Kanpur, IIT Delhi, IIM Bangalore and has also electrified 20 villages in Orissa.
The company’s clientele includes corporates such as ONGC, Indian Oil Corp. and Hindustan Petroleum Corp.
Tata BP Solar is planning to work with realty developers such as DLF and Unitech to provide its services for their townships.It is also looking forward to tapping the potential solar power market in the National Capital Region and is planning a foray into other areas of renewable energy.
The National Solar Mission programme of the government aims at setting up research industry partnerships, providing tariff structures and tax breaks for promoting competitiveness in the solar energy sector.