Climate Adaptation
India’s Vikram to Invest $726 Million to Make Solar Equipment
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India’s Vikram Solar Ltd. is planning to invest 54.32 billion rupees ($726 million) to make solar energy equipment in the South Asian country, which is encouraging domestic manufacturing to reduce imports.
The company will build a factory in the southern Tamil Nadu province, the state government said Monday. The 3-gigawatt plant, expected to be completed in five years, will make wafers, cells and modules, Kolkata-based Vikram Solar said in a separate statement. It did not mention the planned investment.