DFC approves USD500 million in debt financing for First Solar

The US International Development Finance Corporation (DFC) has approved up to USD500 million in debt financing for First Solar.  

The DFC funding will go towards the company’s upcoming vertically integrated photovoltaic (PV) solar module manufacturing facility in Tamil Nadu, which is expected to produce 3.3 GW of solar modules annually. The company expects to reach 16GW of global manufacturing capacity in 2024.

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