First Solar will deliver the first 40 MW of thin film modules by the end of 2011 with the remaining 60 MW expected to be delivered in 2012. The solar energy project will supply electricity to Mumbai.
The U.S. Export-Import Bank approved an $84.3 million loan on Aug. 25 to Reliance Power's Dahanu Solar Power Pvt. unit to buy First Solar panels for the first 40 MW of the project.
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