CubicPV plans $1.1 billion investment under India's PLI scheme
CubicPV is said to be in talks with the Indian government to participate in the performance linked incentives (PLI) scheme for solar equipment manufacturers. CubicPV was established as a result of a collaboration between Hunt Perovskite Technologies and 1366 Technologies.
CubicPV reportedly plans to invest $1.1 billion to set up 10 GW solar wafer and cells manufacturing capacity in India over the next five years. Frank Van Mierlo, CEO of CubicPV, said that the company is planning to bring its innovative products in the solar equipment category, such as wafers and semiconductors, to India.