News > First Solar plans to invest Rs 5,000 crore to set up solar manufacturing facility in India

First Solar plans to invest Rs 5,000 crore to set up solar manufacturing facility in India

30/07/2021 05:16 PM | Click to read full article

US-based solar manufacturing company First Solar is foraying into the Indian market with a 3.3 gigawatt (GW) facility in Tamil Nadu, the company said on Friday.

The company will invest $648 million into the manufacturing unit which will become the third location in Asia after Malaysia and Vietnam. First Solar is one of the top three solar manufacturers in the world, and currently has a market cap of $8.9 billion.

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