Last Updated: DECEMBER 07, 2021

Snapshot
U.S. International Development Finance Corporation (DFC), the country’s development bank, today (Dec 7) announced that it approved up to $500 million of debt financing for First Solar Inc., the largest American solar manufacturing company to build a solar-panel factory in Tamil Nadu, India.

The DFC financing will support the First Solar’s previously announced vertically integrated photovoltaic (PV) solar module manufacturing facility in Tamil Nadu, India, with a projected annual capacity of 3.3 gigawatts (GW). The $684 million facility will commence operations in the second half of 2023.

U.S. International Development Finance Corporation (DFC), the country’s development bank, today (Dec 7) announced that it approved up to $500 million of debt financing for First Solar Inc., the largest American solar manufacturing company to build a solar-panel factory in Tamil Nadu, India

The seven-year, debt-financing loan is one of the biggest deals in the history of the agency,

Source Link: https://swarajyamag.com/news-brief/first-solar-gets-us-govts-development-bank-dfc-funding-for-33-gw-684-million-solar-panel-manufacturing-plant-in-tamil-nadu