Tata Power targets January 2028 start for ₹10,000 crore Odisha wafer-ingot plant
Tata Power plans to build a 10 GW solar wafer-ingot facility in Gopalpur, Odisha, in two 5 GW phases. Construction is expected to begin by October, with commissioning targeted for January 2028 and state incentives supporting the project.
What happened
Tata Power plans to commission a 10 GW solar wafer-ingot plant in Gopalpur, Odisha, by January 2028. The ₹10,000-crore project will be built in two 5 GW phases
Key facts
- 10 GW total wafer-ingot capacity
- Two phases of 5 GW each
- ₹10,000 crore project cost
- 30% capital investment subsidy
- 100% electricity-duty waiver for 20 years
- ₹2 per unit power-tariff subsidy
- 100% reimbursement of net SC/ST costs for 15 years
Why this matters
The project makes Tata Power a more vertically integrated clean-energy partner, increasing the value of alliances across module manufacturing, project development, financing and supply-chain localization.
What to watch
- Formal financial closure and final capex guidance.
- Start of site construction by October.
- Details of Odisha state incentives, power tariffs, land allocation and infrastructure commitments.
- Technology partner and key equipment supplier announcements.
- Polysilicon sourcing contracts and domestic-content compliance eligibility.
- Cell-module capacity expansion announcements and confirmed wafer offtake.
- Changes in Indian import duties, approved-list rules, manufacturing incentives or solar procurement policy.
- Global wafer and module price trends that affect the economics of domestic production.
- Secure wafer-ingot technology partnership, equipment orders and polysilicon supply arrangements.
- Finalize Odisha land, utility, water, port-logistics and incentive agreements before construction begins.
- Align captive wafer output with Tata Power Solar cell-module capacity and its project-development pipeline.
- Build customer offtake commitments with developers, commercial-and-industrial buyers and government procurement channels.
- Raise or ring-fence project financing to limit pressure on Tata Power's balance sheet and renewable-growth capital allocation.