First Solar, a global leader in solar energy technology, has marked a significant milestone with the inauguration of its new vertically integrated solar manufacturing plant in Tamil Nadu, India. The state-of-the-art facility boasts an annual expected capacity of 3.3 GW and is dedicated to producing the company’s Series 7 PV modules, which have been meticulously developed at First Solar’s U.S. research and development centers and optimized for the dynamic India market.

Boasting an impressive investment of approximately $700M, which includes $500M in previously announced DFC financing, this manufacturing plant stands as First Solar’s sixth operational factory.

What sets this facility apart is its conscientious design aimed at minimizing its impact on local resources. Situated in an area of high baseline water stress, the plant relies on tertiary-treated reverse osmosis water from the city’s sewage treatment plant and has implemented a zero wastewater discharge policy, showcasing a commitment to environmental responsibility.

This significant development underscores First Solar’s commitment to harnessing sustainable solutions and underlines its overarching vision to drive positive change in the global solar industry. The inauguration of this state-of-the-art manufacturing plant in India indisputably showcases First Solar’s dedication to fostering innovation and sustainability.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.