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After ownership and name change
The company was for over a quarter century called Tata BP Solar. A couple of months back,[link widoczny dla zalogowanych], Tata Power bought out British Petroleum stake in the partnership and consequent upon the company name changed,[link widoczny dla zalogowanych], and is now a wholly owned subsidiary of Tata Power Ltd.
focus has changed from the manufacturing modules to providing solutions, Ajay Goel, the newly-appointed Ceo of Tata Power Solar,[link widoczny dla zalogowanych], said today.
Inside a chat with Business Line here on the sidelines of Solarcon 2012,[link widoczny dla zalogowanych], that is an exhibition-cum-conference event of the solar industry, Goel said that Tata Power Solar was devoted to providing cheap solar energy to Indians.
In its previous avatar as Tata BP Solar Ltd,[link widoczny dla zalogowanych], the company was a manufacturer of solar modules. But two kinds of solar imports put the company (and many other Indian module manufacturers) out of sales crystalline silicon modules from the Chinese manufacturers (who've been obliged through the European market meltdown to liquidate inventories) and thin film modules from the American manufacturers (who are backed by low cost financing by the US Exim Bank.)
Now,[link widoczny dla zalogowanych], in the re-incarnated form Tata Power Solar,[link widoczny dla zalogowanych], has changed tack. Will the organization now stop manufacturing now? Asked this, Goel,[link widoczny dla zalogowanych], without giving an immediate reply,[link widoczny dla zalogowanych], asserted the organization was evaluating some options about which he couldn't talk now. However,[link widoczny dla zalogowanych], he explained that manufacturing happens only if it participate in the process of provision of inexpensive solar electricity.
This past year, Tata BP Solar sold solar modules worth around Rs 1,000 crore. The organization has provided panels for applications such as street lighting and solar lamps.
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