The leading US-based nanotechnology company Triton Solar will invest $100 million in Karnataka for setting up a nano technology powered solar panel manufacturing facility.

The LoI between the company and the State government was signed in New York under the aegis of Invest Karnataka 2016. Triton Solar also supplies flexible and printed solar panels, lighting, and batteries.

Ratna Prabha, Additional Chief Secretary in the Commerce and Industries Department, signed the LoI on behalf of the government with Himanshu B Patel, Founder and CEO, Triton Solar, in the presence of Minister for Large and Medium Industries and Tourism RV Deshpande.

Deshpande said renewable energy is a high-potential area for Karnataka. He said Karnataka continues to attract futuristic companies and technologies. The investment is likely to create 250 jobs in the State.