First Solar Sees Mideast Renewable Power Accelerating From 2014

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First Solar Inc., the largest thin-film panel manufacturer, sees “significant growth” in renewable energy projects being developed in the Middle East and North Africa by the end of 2014.

Solar power projects with planned cumulative capacity of 500 megawatts to 1,000 megawatts will be under development or tendered by governments by then, Ahmed Nada, the Middle East vice president for business development, said today in Dubai. First Solar will seek to win some of those projects, he said.