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Tata BP Solar India is now Tata Power Solar Systems.
As part of restructuring, the company is now a wholly owned subsidiary of Tata Power, the parent company said.
In June, Tata Power said it had completed the share purchase agreement with BP Alternative Energy Holdings to acquire the BP’s 51 per cent equity and preference shares in the joint venture Tata BP Solar.
Tata Power Solar said Ajay Goel will be its Chief Executive Officer.
Goel is an alumnus of IIT-Delhi with an MBA from the University of Chicago. He brings over 20 years of broad industry experience with the last five years focused on leading and transforming the face of the solar industry in North America.
Tata Power Solar has a range of innovative solar systems and solutions for rural and commercial markets, supported by a network of 150 dealers and service centres.
It provides complete EPC solutions for large grid-connected solar power plants. The company has completed 50 MW of such projects last year.
The company also offers solutions to large industrial clients such as the railways, defence and telecom. It has electrified over 500 villages and installed over 100 solar power plants in the tough terrains of Ladakh.
Anil Sardana, Managing Director, Tata Power, said: “In line with Tata Power’s commitment to clean, green energy, we are happy to integrate Tata Power Solar as a sunrise business into our operations.”
shanker.s@thehindu.co.in
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