First Solar announces facility in India awarded financial incentives

First Solar announced that its manufacturing facility in India has been awarded financial incentives under the Indian government’s Production Linked Incentive program. First Solar was one of only three manufacturers selected to receive the full range of incentives, which are reserved for fully vertically integrated manufacturing. 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’s new facility, expected to be commissioned in the second half of this year, is located in the state of Tamil Nadu and will have an annual nameplate capacity of 3.4 gigawattsDC. First Solar 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 $1.1 billion factory in Alabama and a $185 million expansion of its existing capacity in Ohio. The company is expected to have over 20 GW of annual global nameplate manufacturing capacity by 2025.