Daily News Wrap-Up: Navitas Solar to Set Up Module Manufacturing Facility in the US
U.S. allocates $30 million to build a supply chain for critical minerals
August 25, 2023
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Gujarat-based solar module manufacturer Navitas Solar is establishing a 1.2 GW module factory in the United States through a strategic partnership with local entities, including Sustainable Equity and Colby Solar. The facility, known as Navitas Solar USA by Colby, will be constructed within the Midwest region of the U.S. The company is yet to finalize between two undisclosed locations. According to a source Mercom spoke to, the facility is expected to be operational by the fourth quarter of 2024. It will be designed to eventually reach a capacity of 10 GW over the next few years.
