CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
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
Recent News
◉ MEIL secures Rs 13,000 crore nuclear reactor contract - Apr 25,2025◉ EV firm PURE unveils 5MWh grid storage solution - Apr 25,2025
◉ Uppercase to establish its luggage manufacturing plant in Nashik - Apr 25,2025
◉ Titagarh-BHEL collaborate on Rs 24,000 crore project - Apr 25,2025
◉ RITES secures Rs 28 crore Rail Infra contract from Mahanadi Coalfields - Apr 25,2025
◉ HG Infra Engineering qualifies for major battery storage project by GUVNL - Apr 25,2025
◉ Servotech wins 4.1 MW Rooftop solar project from Waltair Division, East Coast Railway - Apr 25,2025