First Solar to Commission 3.4 GW Facility in Tamil Nadu under PLI Scheme
The company was one of the three manufacturers selected to receive the full range of incentives under the PLI program, which are reserved for fully vertically integrated manufacturing.
March 30, 2023. By Anurima Mondal
Designed using the advanced manufacturing template established by First Solar’s newest factory in Ohio, the facility will produce the company’s Series 7 modules. It will have 1,033 full-time employees besides 350-400 contractual workers.
The company has been awarded financial incentives under the government’s Production Linked Incentive (PLI) program. First Solar was one of the three manufacturers selected to receive the full range of incentives, which are reserved for fully vertically integrated manufacturing. It will invest INR 6,000 crore and expects to get the PLI allotment of INR 1,178 crore over a period of five years.
The incentives are subject to the facility meeting product efficiency and domestic value creation thresholds, which will be evaluated on a quarterly basis beginning in the second quarter of 2026 through 2031.
First Solar produces its thin film PV modules using a fully integrated, continuous process under one roof. The company’s eco-efficient module technology, which uses its proprietary Cadmium Telluride (CdTe) semiconductor, has one of the lowest carbon and water footprints.
The company is also expanding its US manufacturing footprint, which currently stands at over 5 GW of annual nameplate capacity with three operating factories in Ohio, to over 10 GW by 2025 when it completes its new USD 1.1 billion factory in Alabama and a USD 185 million expansion of its existing capacity in Ohio.
First Solar is expected to have over 20 GW of annual global nameplate manufacturing capacity by 2025.
please contact: contact@energetica-india.net.
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