Thin-film PV module manufacturer First Solar Inc. has established a Thailand operating subsidiary called First Solar (Thailand) Ltd. and opened an office in Bangkok.
According to the company, the creation of the local subsidiary is expected to better enable First Solar to execute its strategy to expand the market for utility-scale solar PV plants in the local market.
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. More than 12 MW of projects using First Solar's technology have been installed or are currently under construction.