Tata Power eyes Rs 2,500-crore solar investments in Bengal, calls for extra subsidies
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Tata Power plans Rs 2,500-crore solar investments in West Bengal, targeting 3 lakh homes over three years.
- ✓CEO Praveer Sinha aims to boost rooftop solar adoption.
- ✓Sanjay Banga said, "West Bengal should also come up with some state subsidy," to make these installations more affordable for many low-income households today.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Telegraph
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Tata Power CEO Praveer Sinha says the company was targeting rooftop solar installations in 3 lakh homes in the state over the next three years, banking on higher adoption potential
Tata Power has urged the Bengal government to offer additional subsidies for rooftop solar installations to boost adoption under the Centre's PM Surya Ghar Muft Bijli Yojana, while exploring investments of around Rs 2,500 crore in solar projects across the state.
Sanjay Banga, CEO and managing director of Tata Power Renewable Energy Ltd, said a state incentive similar to those offered by Odisha, Bihar and Assam on top of the Centre's subsidy could make rooftop solar installations more affordable, particularly for low-income households.
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