Press release
First Solar Inaugurates 3.3 GW Manufacturing Facility in India
Facility is India’s first fully vertically integrated solar manufacturing plant CHENNAI, India--(BUSINESS WIRE)-- First Solar, Inc. (Nasdaq: FSLR) today
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[{"type":"text","content":"\nFacility is India’s first fully vertically integrated solar manufacturing plant\n\n\n CHENNAI, India--(BUSINESS WIRE)--\nFirst Solar, Inc. (Nasdaq: FSLR) today inaugurated its new facility in Tamil Nadu, India, the country’s first fully vertically integrated solar manufacturing plant. The Minister for Industries, Promotions and Commerce of the Government of Tamil Nadu, Dr T R B Rajaa inaugurated the facility in a ceremony attended by the United States Ambassador to India, Eric Garcetti, and Scott Nathan, Chief Executive Officer of the US International Development Finance Corporation (DFC).\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240111067742/en/First Solar inaugurated its new facility in Tamil Nadu, India, the country’s first fully vertically integrated solar manufacturing plant. The Minister for Industries, Promotions and Commerce of the Government of Tamil Nadu, Dr T R B Rajaa, the United States Ambassador to India, Eric Garcetti, and Scott Nathan, Chief Executive Officer of the US International Development Finance Corporation (DFC) inaugurated the facility at a ceremony today. (Photo: Business Wire)\n“We are pleased that First Solar chose Tamil Nadu for this landmark investment, solidifying our state’s position as India’s hub for manufacturing,” said Dr T R B Rajaa. “This factory sets a high bar for sustainability and advanced manufacturing and has created high-value jobs as a result of its presence in our state, all while supporting India’s ambition to become self-sufficient in solar technology.”\n\n\nThe facility, which has an annual nameplate capacity of 3.3 gigawatts (GW) and directly employs approximately 1,000 people, produces First Solar’s Series 7 photovoltaic (PV) solar modules, which were developed at the company’s research and development centers in the US and optimized for the Indian market. First Solar is unique among the world’s largest solar manufacturers for being the only US-headquartered company. The company’s tellurium-based semiconductor, which allows it to avoid dependence on Chinese crystalline silicon supply chains, is the second most common photovoltaic technology available today.\n\n\nAmbassador Eric Garcetti said, “One month ago in Dubai, COP28 participants issued a bold call for the world to transition away from fossil fuels, ...