US solar firm CubicPV targets India investment


Going green: Indian workers are seen giving the finishing touches to solar panels in Gujarat. The country plans to ramp up renewable generation capacity almost fivefold to 450 gigawatts by 2030. ― AFP

NEW DELHI: United States solar-technology firm CubicPV Inc plans to invest as much as US$1.1bil (RM4.60bil) to make equipment in India, drawn by government incentives.

CubicPV is looking for an Indian partner to bid for the state benefits, chief executive officer (CEO) Frank van Mierlo said in an interview.

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