A new venture backed by Indian solar panel maker Vikram Solar Ltd said on Thursday it will invest up to $1.5 billion in the U.S. solar energy supply chain, beginning with a factory in Colorado next year.
said on Thursday it will invest up to $1.5 billion in the U.S. solar energy supply chain, beginning with a factory in Colorado next year.
"It's a great thing for us to be bringing an Indian company to the table here," said Sriram Das, a managing director at Das & Co and chairman of the joint venture. "You've seen a number of Indian companies get into the manufacturing space and do quite well, and Vikram is the best of them." Colorado Governor Jared Polis called the announcement "a big deal" for his state, which was able to attract the facility with its educated workforce and central location near large U.S. solar markets. The state is also offering VSK up to $9.1 million in tax credits tied to job creation.
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