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 Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..