U.S. Company Plans Solar Farms in India
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American solar panel manufacturer First Solar Inc. is heading to India to build solar farms and sell electricity directly to businesses at below-market prices.
After a summer of numerous wide-scale blackouts across the subcontinent, Indian businesses are looking to secure stable energy sources, which matches up with First Solar’s goal to land 20 percent of India’s solar power sales. Traditionally, the company has only made solar panels, but it is now looking to branching out into solar farms.
Source: Yale e360 Digest
Image: MarkauMark via Shutterstock
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