Schedule a Call Back
First Solar invests $700 mn in India's first integrated solar plant
Industry News- Jan 17,24
The facility is geared towards producing the company's 'Series 7' Photovoltaic (PV) solar modules specifically for the Indian market.
First Solar, a US-based company, announced a $700 million investment in establishing India's inaugural integrated solar manufacturing plant in Tamil Nadu, which was officially inaugurated on Thursday. The facility is geared towards producing the company's 'Series 7' Photovoltaic (PV) solar modules specifically for the Indian market. According to a statement, the plant has generated direct employment opportunities for approximately 1,000 individuals.
The inaugural ceremony featured TRB Rajaa, Tamil Nadu's Minister for Industries, Promotions, and Commerce, as the chief guest. Notable attendees included Eric Garcetti, the United States Ambassador to India, and Scott Nathan, Chief Executive Officer of the US International Development Finance Corporation (DFC).
The manufacturing facility, recognized for its commitment to sustainability and advanced manufacturing practices, has significantly contributed to the creation of high-value jobs within the state. Rajaa emphasized the plant's role in supporting India's goal of achieving self-sufficiency in solar technology.
Garcetti praised the production facility, highlighting its impact on advancing the global transition to cleaner, greener energy. He emphasized that the collaboration between the United States and India, spanning both government and private sectors, exemplifies successful, enduring climate action.
The statement noted that with an investment of approximately $700 million, this facility marks First Solar's sixth operational factory, extending the company's global manufacturing presence to four countries, including the United States, Malaysia, and Vietnam.
The Series 7 modules manufactured at the plant boast impressive environmental credentials, using 50% less energy and only a third of the water compared to polysilicon modules produced in China.
Source: Business Standard
First Solar
India
Solar Manufacturing Plant
Series 7 Modules
Tamil Nadu
Eric Garcetti
US International Development Finance Corporation
Related Stories
Aerospace Defence
PM Modi inaugurates Boeing’s largest campus outside USA in Bengaluru, India
Prime Minister Modi advocates for building an aircraft manufacturing ecosystem in India during the inauguration of Boeing's new campus in Bengaluru, highlighting the nation's potential and governmen..
Read moreAerospace Defence
PM Modi inaugurates Boeing’s largest campus outside USA in Bengaluru, India
Prime Minister Modi advocates for building an aircraft manufacturing ecosystem in India during the inauguration of Boeing's new campus in Bengaluru, highlighting the nation's potential and governmen..
Read moreProcess Equipment
India exports medical consumables & disposables worth $1.6 billion in FY 2022-23
India became a net exporter of medical consumables and disposables in fiscal year 2022-23, exporting $1.6 billion worth while importing $1.1 billion, marking a reversal in a longstanding trend.
Read moreRelated Products
Power Conversion Systems
POWER GENERATION & ENERGY CONSERVATION PRODUCTS
POM Systems & Services Pvt Ltd offers a wide range of
PCS power conversion systems energy storage.
Hot Water Generators
POWER GENERATION & ENERGY CONSERVATION PRODUCTS
Transparent Energy Systems Private Limited offers a wide range of Hot water generators - Aquawarm Superplus.
Scrap Baling Press
POWER GENERATION & ENERGY CONSERVATION PRODUCTS
Fluid Power Machines offers hydraulic scrap baling press. Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
