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First Solar Establishes Thai Operating Subsidiary, Opens Bangkok Office

published: 2012-08-15 15:08

First Solar, Inc. (Nasdaq: FSLR) has announced it has established a Thailand operating subsidiary, First Solar (Thailand) Ltd., and opened an office in Bangkok. Creation of the local subsidiary will better enable First Solar to execute its strategy to expand the market for utility‐scale solar photovoltaic (PV) power plants in the local market, and to deliver value to Thai solar power producers.

“The long‐term energy fundamentals in Thailand are very favorable for a solar power solution to meet their growing energy needs, and we will continue to invest here as part of our strategy to develop sustainable, utilityscale solar markets,”said Won Park, Senior Manager, Business Development.

Thailand is expected to remainan important solar market in Southeast Asia due to its strong economic growth, significant energy demand and abundant solar resource. First Solar entered the Thai PV market in 2011, and since that time more than 12 megawatts (MW) of solar PV projects have already been installed or are under construction using First Solar’s advanced thin‐film module technology.

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