According to sources, US based renewable energy major First Solar is actively evaluating possibilities for setting up a solar modules manufacturing facility in India.
According to the company the move is to tap into the country’s growing renewable power market given the Government’s recent thrust on the sector.
However, the company hasn't yet made a decision as it depends upon how demand develops over the next several years.
As said by the Company
"We have continuously evaluated the possibility of putting manufacturing in India and there are many reasons that it might, at some point, be attractive. We need to see continuous and sustainable demand and we need to see visible demand into the future before it will justify the level of capital investment that is involved.”
During the RE-INVEST, First Solar has committed to to build projects to generate 5 GW of solar power in India by 2019.
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