financetom
Business
financetom
/
Business
/
PM Modi meets First Solar CEO; Mark Widmar says all countries must emulate what India has done to fight climate change
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PM Modi meets First Solar CEO; Mark Widmar says all countries must emulate what India has done to fight climate change
Sep 23, 2021 1:58 PM

On the first day of his three-day US visit, Prime Minister Narendra Modi on Thursday discussed India's renewable energy landscape with First Solar chief executive officer (CEO) Mark Widmar.

Share Market Live

NSE

During his interaction with Widmar, Modi spoke about the one world, one sun and one grid initiative and its potential, sources said. The prime minister referred to India's ambitious target of 450 GW of renewable energy.

Widmar praised India's policies for climate change and related industries and said all countries should emulate what India has done in climate change, sources said.

Also Read:

At PM Modi-global CEOs meet in US, Adobe’s Narayen says ‘Investment in India secret weapon’

He also emphasised India's focus on manufacturing for solar energy and said that companies in the field of solar energy can take maximum advantage of the PLI schemes, they said.

The CEO also shared plans to use the Indian government's ambitious production linked incentive (PLI) scheme for manufacturing solar power equipment with unique thin-film technology and integrating India into global supply chains, the ministry said.

Both Modi and Widmar agreed on the enhancement of the manufacturing of solar panels in India, the sources said, adding that the move will also benefit the countries in the region.

Also Read: PM Modi discusses boosting defence tech including drones with General Atomics chief Vivek Lall

"Powering India's Solar Potential! PM @narendramodi discusses India's renewable energy landscape with Mark Widmar, CEO @FirstSolar," the Ministry of External Affairs tweeted.

India currently has the world's fastest-growing solar energy programme and has expanded access to clean cooking fuel to cover over 80 million households, making it one of the largest clean energy drives globally.

The Rs 4,500-crore PLI scheme for solar photovoltaic modules is expected to help India ramp up its domestic manufacturing capacity. The scheme is expected to add 10-gigawatt (GW) capacity of integrated solar photovoltaic (PV) manufacturing plants. Prime Minister Modi in February had invited global firms to take advantage of the PLI schemes and expand their manufacturing in India.

Catch all the live updates on PM Modi's US visit here.

(Edited by : Jomy Jos Pullokaran)

First Published:Sept 23, 2021 10:58 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Windtree Therapeutics Regains Nasdaq Compliance Over Minimum Share Price Rule
Windtree Therapeutics Regains Nasdaq Compliance Over Minimum Share Price Rule
Mar 24, 2025
08:58 AM EDT, 03/24/2025 (MT Newswires) -- Windtree Therapeutics ( WINT ) said Monday that it regained compliance with Nasdaq's minimum bid price requirements. The biotech company said it was notified in December that it was out of compliance with the minimum bid price rule because its share price failed to meet a minimum closing price of $1.00 or more...
BRIEF-JLL to expand U.S. Energy & Infrastructure Capital Markets capabilities with Javelin Capital acquisition
BRIEF-JLL to expand U.S. Energy & Infrastructure Capital Markets capabilities with Javelin Capital acquisition
Mar 24, 2025
March 24 (Reuters) - Jones Lang LaSalle Inc ( JLL ): * JLL TO EXPAND U.S. ENERGY & INFRASTRUCTURE CAPITAL MARKETS CAPABILITIES WITH JAVELIN CAPITAL ACQUISITION Source text: Further company coverage: ...
South Korea's Hyundai to unveil $20 billion investment in US, CNBC report says
South Korea's Hyundai to unveil $20 billion investment in US, CNBC report says
Mar 24, 2025
SEOUL (Reuters) - South Korea's Hyundai is set to announce a $20 billion investment in the United States, including a $5 billion steel plant in Louisiana, CNBC reported on Monday, citing people familiar with the matter. The plan, which will including hiring around 1,500 employees, will produce next-generation steel that will be used at the company's two U.S. auto plants...
Redfin On The Road To Buy Rocket, Wall Street Watches Spread
Redfin On The Road To Buy Rocket, Wall Street Watches Spread
Mar 24, 2025
JPMorgan's Dae K Lee is raising Redfin Corp ( RDFN )‘s stock price target from $7 to $12.50, matching Rocket Companies ( RKT )' acquisition price. The deal values Redfin's equity at about $1.75 billion, pegging it at two times its projected 2026 revenue. Yet, the market isn’t fully convinced, with Redfin stock trading approximately 12% below the offer price....
Copyright 2023-2026 - www.financetom.com All Rights Reserved