VSK Energy to Invest $1.5B in US Solar

• Vikram Solar has partnered with two US companies to build a module manufacturing facility in Brighton, Colorado, creating 900 jobs and costing USD 250 million. The facility will have a capacity of 4GW and additional investments of up to USD 2.75 billion are planned to build a second US facility.

Vikram Solar has partnered with two US companies to create a joint venture, VSK Energy LLC, that will build a module manufacturing facility in Brighton, Colorado. The project will cost USD 250 million and have a capacity of 4 GW when completed. It will create over 900 new jobs and is set to begin operations next year. The partners are also investing up to USD 1.5 billion to take advantage of incentives provided under the Inflation Reduction Act (IRA). An additional USD 1.25 billion is planned to build a second manufacturing facility in the South of the US in 2025, which will produce cells, wafers and ingots. Mortenson will be in charge of building both factories.

What Benefits Does VSK Energy LLC Bring?

• VSK Energy LLC will bring more job opportunities to the area, providing over 900 new jobs.
• The joint venture will provide a large-scale, high-efficiency module manufacturing facility with a capacity of 4 GW.
• VSK Energy LLC is expected to help the US solar industry become more competitive by providing modules at competitive prices.
• VSK Energy LLC will take advantage of incentives provided by the Inflation Reduction Act (IRA).
• The joint venture will invest up to USD 1.5 billion to build a second manufacturing facility in the south of the US.
• The second facility, scheduled to be opened in 2025, will produce cells, wafers and ingots, furthering the US's solar industry.
• VSK Energy LLC will provide reliable and efficient solar energy solutions that are both cost effective and sustainable.
• Mortenson will be in charge of building both factories, ensuring that they are built with the highest standards and quality.