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Tata Power announces 30-megawatt solar plant in India

Robert Rosenberg | EyeEm | Getty Images

A 30-megawatt (MW) solar facility in India that will meet the yearly energy needs of more than 14,000 homes has been commissioned, it was announced Tuesday.

The plant in Palaswade, Maharashtra, has been developed by Tata Power Renewable Energy Ltd (TPREL), a wholly-owned subsidiary of Indian company Tata Power.

The parent firm said the new site was using domestically-produced crystalline silicon photovoltaic (PV) modules. Photovoltaic refers to a way of directly converting light from the sun into electricity.

The facility covers more than 140 acres and will generate more than 62 million kilowatt hours per year.

TPREL chief executive Rahul Shah said that the commissioning of the facility marked a milestone in the drive to "grow our portfolio of clean and renewable energy generation."

In October, a renewables market analysis and forecast from the International Energy Agency (IEA) stated that new solar photovoltaic capacity increased by 50 percent in 2016.

Additions of solar PV grew faster than any other fuel and surpassed the net growth in coal, the IEA added.

"What we are witnessing is the birth of a new era in solar PV," IEA Executive Director Fatih Birol said at the time.