Tempe, AZ_based First Solar recently inaugurated a new solar module manufacturing facility in India's southern state of Tamil Nadu. This is India's first fully vertically integrated solar manufacturing plant and represents an investment of around $700 million. The facility has an annual production capacity of 3.3 gigawatts and employs around...
Solar Module Makers Bid for India’s $2.4 Billion Incentives
India's Reliance Industries Ltd., Tata Power Co., JSW Energy Ltd., Avaada Group are among bidders for the financial incentives that India is offering to expand domestic manufacturing and curb panel imports from dominant producer China. Tempe, AZ-based First Solar and London U.K. based ReNew Energy Global Plc, are overseas firms that are...
India is “Best Market,” “Secret Weapon”- American CEOs with Modi
In Washington yesterday, five prominent American CEOs had 15-minute meetings with India's Prime Minister Narendra Modi and each was gushing with enthusiasm for expanding their role in India. The founder and CEO of Blackstone (NYSE: BX), world's largest private equity firm, exclaimed that India is their best market worldwide. The...
IDFC to Buy First Solar's Assets in India
Chennai, India-based IDFC Alternatives, the asset management arm of the infrastructure-focused lender, is in talks to buy Arizona-based First Solar’s 200 megawatts of renewable power assets in India in a deal potentially valued at around $200 million. Livemint reports that First Solar is one of the first overseas companies to...
Modules from First Solar of Arizona power India largest solar energy installation
First Solar's modules have been used to power a 40 megawatt (MW) ground-mounted photovoltaic power plant in Rajasthan. The project, commissioned by Reliance Power, a Reliance ADA Group company, was completed in five months and covers 350 acres. 500,000 First Solar thin film modules have been installed in the plant,...
India Solar Project Developers to be Chosen
The attempt to make investment in solar energy production in India user-friendly and to reduce financial risks was initiated as the Jawaharlal Nehru National Solar Mission in November 2009. The task for the mission was to provide an attractive and extended tariff for solar power production investment and foreign involvement....