First Solar opens subsidiary in Bangkok

BANGAKOK, THAILAND: First Solar, which had entered the solar PV market in 2011 is in plans to create a local subsidiary, through which it can execute its strategy to expand the market for utility-scale solar photovoltaic (PV) power plants in the local market.

"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, Business Development.

Due to strong economic growth, significant energy demand and abundant solar resource, Thailand is likely to remain an important solar market in South east Asia. Since 2011, 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.