14 August 2012
First Solar, Inc. announced that 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.
Thailand is expected to remain an 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 has installed or started construction on more than 12 megawatts (MW) of solar PV projects using First Solar's advanced thin?film module technology.