August 29, 2008
Tata BP Solar Targets $1 Billion Turnover By 2012, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- Tata BP Solar India Limited (New Delhi, India), a joint venture of Tata Power (BOM:500400) (Mumbai) and BP Solar, a division of BP (NYSE:BP) (London), is India's leading player in the nonconventional energy sector. The company plans to increase its capacity to 300 megawatts (MW), with a target of becoming a $1 billion firm by 2012. As part of its expansion plans, Tata BP Solar has invested $100 million in the current fiscal year to manufacture 180 MW of solar cells and 125 MW of solar modules. Their existing capacity of solar photovoltaic cells can generate 52 MW of electricity. Calyon Bank (Paris, France) and BNP Paribas Bank (Paris) provided $78 million of funding for part of the 180-MW solar cell expansion project.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=137801, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to [email protected] or visit us online at www.industrialinfo.com.
Related News Articles
Green Planet Energy to Invest $240 Million in 14 Biomass-Fed Power Projects in Punjab
Bharat Electronics to Set Up 2,500-Ton Polysilicon Manufacturing Facility
India Targets 10,500 Megawatts of Installed Wind Power Capacity by 2012
Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources