What happened — CubicPV, a solar cell pioneer, is eyeing a $1.1 billion investment in India — to set up production facilities capable of churning 10 GW a year installed capacities, landing another major boost to GOI’s production incentive schemes.
CubicPV, although a bit of a noob in this business still, holds several respectable patents that replace decade-old inefficient solar manufacturing processes. Majority of their commitment will go to set up a solar wafer and cell manufacturing facility, with a $350 million capital infusion coming within a year.
Bottomline — making components necessary for global EV-fication can be India’s opportunity to emerge as a clean-tech factory to the world. So far, progress has been excellent.