By Patrick O’Grady
Phoenix Business Journal
First Solar Inc. has opened a subsidiary in Thailand, hoping to capitalize on a growing desire for solar in Southeast Asia.
The subsidiary, First Solar Ltd., opened an office in Bangkok and will allow the company to start marketing utility scale solar projects there.
“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, utility-scale solar markets,” said Won Park, senior manager for business development at Tempe-based First Solar (Nasdaq: FSLR).
First Solar has been in Thailand since 2011 and has overseen 12 megawatts of solar power plant installations.
The company has been increasingly looking at targeting global markets for its panels, particularly after the European market where it first gained broad access has dried up.
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