First Solar to invest billions of dollars in India’s solar panel production

First Solar, a solar technology company based in the United States, is set to make a significant investment in India’s solar panel production. The US Energy Secretary, Jennifer Granholm, revealed that the company plans to pour “billions of dollars” into this venture. This investment will also ensure that India does not have to rely on China for material resources.

Granholm spoke about these plans with the Economic Times, while also commenting on Tesla’s discussions for investment in India. Granholm emphasised that India brings scale while the US is equipped with laboratories and the partnership would benefit both nations’ clean energy goals.