DFC approves up to $500 mln debt financing for First Solar’s manufacturing facility in Tamil Nadu

The US International Development Finance Corporation (DFC) on Tuesday said it had approved up to $500 million of debt financing for First Solar, the largest American solar manufacturing company.

The loan represents the largest single debt financing transaction for DFC and will support the company’s previously announced vertically integrated photovoltaic (PV) solar module manufacturing facility in Tamil Nadu.

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