10 GW! Tata Expands into Upstream PV Manufacturing

Published: May 6, 2026 14:32

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Tata Power's subsidiary, announced that it plans to invest up to 65 billion Indian rupees (equivalent to $685 million) to build a solar PV silicon ingot and wafer manufacturing plant in India.

This investment project will help develop a total of 10GW of ingot-wafer manufacturing capacity, which will be carried out in two phases, with each phase achieving 5GW of capacity construction.

The project is expected to bring multiple strategic advantages, such as seizing first-mover opportunities in the capacity-limited Chinese market, strengthening raw material supply security for downstream operations, enhancing profit margins through vertical integration, and generating considerable financial returns, with an estimated payback period of approximately five years.

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