DFC approves $425 million financing for Tata Power’s 4.3 GW solar cell and module manufacturing plant in Tamil Nadu

The Board of Directors of the U.S. International Development Finance Corporation (DFC) has approved to provide financing of up to $425 million to TP Solar Limited, a subsidiary of Tata Power Renewable Energy Limited (TPREL).
This funding will support the construction of a new 4.3 GW solar cell and module manufacturing plant in the Tirunelveli district of Tamil Nadu. The plant is anticipated to commence first module production by the end of 2023 and first cell production is expected in the first quarter of 2023-24.