US firm First Solar announces $684mn India investment

The First Solar announcement formalized an investment that the company had indicated some months ago that it will create a new, vertically integrated solar module manufacturing facility for photovoltaic films, the State Department added.

US firm First Solar announces $684mn India investment
Photo by Nuno Marques / Unsplash

US company First Solar has officially announced an investment of $684 million in Tamil Nadu for a solar photovoltaic (PV) thin-film module manufacturing facility that will support 1,000 jobs, 60% of them will be women.

At the fourth annual meeting of the Indo-Pacific Business Forum (IPBF), a US initiative that was co-hosted for the first time in South Asia the announcement was made.