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First Solar to Make Solar Panels in India – US Energy Secretary

US-based solar manufacturing company First Solar is set to invest "billions of dollars" for solar panel production in India that will not source materials from China, said US energy secretary Jennifer Granholm. Moreover, the minister indicated that Tesla is in discussions for investing in India.

 

"India brings in the notion of scale, and the US' contribution is laboratories and efforts we are making to incentivize production. That combination helps both to achieve their goals," Granholm said while noting the funding from the US Development Finance Corporation for the renewables sector.

 

Granholm was in New Delhi for the India-US Strategic Clean Energy Partnership meet on July 18. Reportedly, the minister stated that Tesla also is in talks with the Indian government, when asked about the carmaker's plans to invest in India.

 

Last month, Prime Minister Narendra Modi, during his state visit to the United States, had met Tesla CEO Elon Musk. During their meet, Musk commended the Prime Minister for urging Tesla to make significant investments in the country. He further emphasized their intention to pursue this opportunity, albeit with considerations regarding the appropriate timing.

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