First solar to invest $684 mn for solar manufacturing module in India

31 Jul 2021 CW Team

First Solar plans to build a new manufacturing facility with a 3.3 GW capacity in Tamil Nadu, pending permitting and approval of Indian government incentives that are satisfactory to the company. In the second half of 2023, the facility is expected to be operational.

The company would become India's largest solar module manufacturer with this 3.3 GW capacity module manufacturing facility. This announcement may prompt Chinese module manufacturers to reconsider their strategies and consider investing in module production in India.

First Solar expects its module manufacturing capacity to double to 16 GWdc in 2024 as a result of its expansion in India and the United States.

The facility will be built with advanced manufacturing technology similar to the one used at the company's recently announced facility in Ohio, according to the company. Artificial intelligence, internet of things connectivity, and machine-to-machine communication will be used to provide the facility with a high level of automation, precision, and continuous improvement.

First Solar has supplied a total of 1.94 GW of solar modules to projects in India, according to Mercom's India Solar Market Leaderboard 2021. After North America, India is the company's second-largest market.

First Solar's net sales in the first quarter of 2021 totalled $803.4 million, up to $194 million from the previous quarter. In a year-over-year comparison, net sales increased by 51%. The company then stated that by the end of 2021 and 2022, it aims to reach a nameplate module manufacturing capacity of 8.7 GWdc and 9.4 GWdc, respectively.

The media had previously reported that IDFC Alternatives' India Infrastructure Fund II (IIF II) had entered into definitive agreements with First Solar Power India and its affiliates to acquire seven operating solar projects with a total capacity of 190 MW across the Indian states of Andhra Pradesh and Telangana through its wholly-owned subsidiary Vector Green Energy.

Image Source

Also read: Rajasthan Electronics invites bids for solar PV projects in Jaipur

Also read: IREDA floats tender for solar manufacturing modules under PLI scheme

First Solar, a solar module manufacturer based in the United States, announced plans to invest $684 million in India to build a new vertically integrated photovoltaic (PV) thin-film solar module manufacturing facility. First Solar plans to build a new manufacturing facility with a 3.3 GW capacity in Tamil Nadu, pending permitting and approval of Indian government incentives that are satisfactory to the company. In the second half of 2023, the facility is expected to be operational. The company would become India's largest solar module manufacturer with this 3.3 GW capacity module manufacturing facility. This announcement may prompt Chinese module manufacturers to reconsider their strategies and consider investing in module production in India. First Solar expects its module manufacturing capacity to double to 16 GWdc in 2024 as a result of its expansion in India and the United States. The facility will be built with advanced manufacturing technology similar to the one used at the company's recently announced facility in Ohio, according to the company. Artificial intelligence, internet of things connectivity, and machine-to-machine communication will be used to provide the facility with a high level of automation, precision, and continuous improvement. First Solar has supplied a total of 1.94 GW of solar modules to projects in India, according to Mercom's India Solar Market Leaderboard 2021. After North America, India is the company's second-largest market. First Solar's net sales in the first quarter of 2021 totalled $803.4 million, up to $194 million from the previous quarter. In a year-over-year comparison, net sales increased by 51%. The company then stated that by the end of 2021 and 2022, it aims to reach a nameplate module manufacturing capacity of 8.7 GWdc and 9.4 GWdc, respectively. The media had previously reported that IDFC Alternatives' India Infrastructure Fund II (IIF II) had entered into definitive agreements with First Solar Power India and its affiliates to acquire seven operating solar projects with a total capacity of 190 MW across the Indian states of Andhra Pradesh and Telangana through its wholly-owned subsidiary Vector Green Energy. Image Source Also read: Rajasthan Electronics invites bids for solar PV projects in Jaipur Also read: IREDA floats tender for solar manufacturing modules under PLI scheme

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..