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US-based First Solar to manufacture solar panels in India, says energy secretary
Manufacturing - Jul 21,2023 -The US-based solar manufacturing business First Solar plans to invest "billions of dollars" for solar panel production in India that won't use components from China.
US energy secretary Jennifer Granhol also mentioned that Tesla is in talks to invest in India.
"India brings in the notion of scale, and the US' contribution is laboratories and efforts we are making to incentivise production. That combination helps both to achieve their goals," Granholm said, while noting the funding from the US Development Finance Corporation for the renewables sector.
According to a media report citing Granholm, the US-based solar manufacturing business First Solar plans to invest "billions of dollars" for solar panel production in India that won't use components from China. The minister also mentioned that Tesla is in talks to invest in India.
Granholm was in New Delhi for the India-US Strategic Clean Energy Partnership meet on July 18. Reportedly, the minister stated that Tesla also is in talks with the Indian government, when asked about the carmaker's plans to invest in India.
Company : First Solar
Tesla
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