CubicPV plans $1.1 billion investment in solar wafer, cells manufacturing under PLI scheme
Bill Gates-backed solar components manufacturer CubicPV (earlier 1366 Technologies) plans to invest $1.1 billion to set up 10 GW solar wafer and cells manufacturing capacity in India over the next five years.
The company is in talks with the Indian government to participate in the performance linked incentives (PLI) scheme for solar equipment manufacturers, Frank Van Mierlo, CEO of CubicPV, told FE. He said the company is planning to bring its innovative products in the solar equipment category, such as wafers and semiconductors, to India.
