First Solar to Build India Farms as Outages Propel Sun Power
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First Solar Inc., the only profitable panel-maker among the 10 biggest in the world, plans to develop solar farms in India as chronic outages drive demand for electricity derived from sun power.
The target is to take at least a 20 percent share of India’s photovoltaic sales by expanding beyond First Solar’s role as a supplier, said Sujoy Ghosh, the new India head of the world’s biggest thin-film panel maker. Demand will probably come from industrial and commercial consumers without any government subsidies involved, he said.