Joint venture invests $1.5b to boost American-made solar

SourceSolar Magazine
Date Published06/24/2023

Additional Reshoring Information:

Company/Division name VSK Energy
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1500
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):1500
Country(ies) from which reshored:India
State(s) reshored to:CO
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsolar
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Govt. Policy and subsidies, Lean/other business process improvement techniques
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