Tata Power eyes first solar exports to Europe as EU curbs China reliance

NEW DELHI, - India's Tata Power is targeting its first exports of solar equipment including cells and panels to Europe, CEO Praveer Sinha said on Monday, as the European Union seeks to diversify its supply chain beyond Chinese manufacturers.

‌More than ⁠95% ⁠of solar modules installed in the EU are imported, with ​China supplying about 94% of its modules and cells in ​2023, according to consultancy firm Green Horse Advisory.

Italy last year opened up imports for solar projects built ​without equipment manufactured in China ⁠under the ‌European Union's Net-Zero Industry Act, aiming ​to reduce ​the bloc's reliance on low-cost Chinese ⁠renewable energy components.


In response to a question about the Italian opening, Sinha said on a post-earnings media call that Tata Power sees 2-3 gigawatts of export opportunity to one country, without giving further details.

The company has capacity to manufacture 4.9 GW of integrated cells and ‌modules, and is aiming to build capacity to manufacture up to 10 GW of solar ​ingots ​and wafers.

India ⁠has nearly 200 GW of module-making capacity and about 30 GW of cell capacity, according to government estimates, and ​many Indian module makers are eyeing exports to Europe.

India and the European Union struck a trade deal early this year that slashed tariffs on most goods, aiming to boost two-way trade.