Bullish on India, First Solar scouts for partnerships

Describing Indian market as an attractive and big for solar power, equipment maker ‘First Solar’ has said it is looking for partnerships to strengthen business activities in the country.

However, First Solar noted that the single biggest challenge for the sector is availability of funds.

First Solar Chief Executive Officer James A Hughes said that India is a “growing and a very big market (for solar power) in the long time to come”.

Some other markets, including the United States and China, are also attractive for solar energy, he added.

The company has already supplied equipment for over 360 MW installed solar energy generation capacity in India.

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