First Solar, Inc. : First Solar Establishes Indian Operating Company,
05/03/2012| 02:35pm US/Eastern
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NEW DELHI - May 3, 2012- First Solar, Inc.
(NASDAQ: FSLR) today announced the appointment of Sujoy Ghosh
as Country Head to lead business development in India and
manage the Company's new entity based in New Delhi. In
this new role, Ghosh will be responsible for advancing and
executing First Solar's business strategy to expand the
market for utility-scale solar photovoltaic (PV) power plants
and to deliver value to Indian solar power producers. He
reports to Jim Brown, First Solar Executive Vice President
for Global Business Development.
With more than 20 years of Industry experience, Ghosh
joins First Solar from GE Energy, where he was the regional
general manager for the Power Generation business. He has
worked in a diverse range of businesses from transmission and
distribution to thermal power generation to renewable energy.
Prior to joining GE, Ghosh worked at Tata Honeywell in sales
and market development for 13 years.
"India is a land of immense opportunity for solar
energy and First Solar, and we will continue to invest here
as part of our strategy to develop sustainable, utility-scale
solar markets where energy demand is strong and
growing," said Brown. "Sujoy's extensive
experience in the energy industry and strong understanding of
the Indian market will be invaluable to First Solar as we
work to help India meet its energy needs with clean solar
power."
"India is taking a progressive approach by
incorporating clean, renewable sources of power in its plans
to address its growing energy needs," said Ghosh.
"I am pleased to join First Solar, which has proven
solutions to support India's energy and economic
growth."
India is expected to become one of the world's major
solar markets due to its strong growth, significant energy
demand and abundant solar resource. First Solar entered the
Indian PV market in 2011 and is a local market leader for
large-scale PV power plants. India accounted for around 8% of
the company's net sales in 2011.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive
photovoltaic (PV) solar systems which use its advanced
thin-film modules. The company's integrated power plant
solutions deliver an economically attractive alternative to
fossil-fuel electricity generation today. From raw material
sourcing through end-of-life module collection and recycling,
First Solar's renewable energy systems protect and
enhance the environment. For more information about First
Solar, please visit www.firstsolar.com
.
For First Solar Investors
This release contains forward-looking statements which are
made pursuant to the safe harbor provisions of Section 21E of
the Securities Exchange Act of 1934. The forward-looking
statements in this release do not constitute guarantees of
future performance. Those statements involve a number of
factors that could cause actual results to differ materially,
including risks associated with the company's business
involving the company's products, their development and
distribution, economic and competitive factors and the
company's key strategic relationships and other risks
detailed in the company's filings with the Securities and
Exchange Commission. First Solar assumes no obligation to
update any forward-looking information contained in this
press release or with respect to the announcements described
herein.
Media Contacts
Charu Kohli (India/APAC)
+ 91 981 173 3347
Charu.kohli@bm.com
Brandon Mitchener (EMEA)
+32-2-233-1113
media@firstsolar.com
Alan Bernheimer (Americas)
+1 (415) 935-2499
media@firstsolar.com
Investor Contacts
David Brady
dbrady@firstsolar.com
Luke Fairborn
lucas.fairborn@firstsolar.com
+1 (602) 414-9315
Michelle Pereira
Michelle.pereira@firstsolar.com
+1-602 414 9382
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