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First Solar, OrionGroup Announce JV for Solar Development in the Philippines

Will address commercial, industrial self-generation market

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

First Solar, Inc. and OrionGroup International announced the launch of a Philippine joint venture (JV) – FSO Energy Solutions, Inc (FSO) – that will realize solar energy projects in the commercial and industrial market space through power purchase agreements.

OrionGroup’s solar solutions have powered hotels, hospitals, golf courses, offices, factories and houses all over the country. Its flexible financing solutions allow customers to own renewable energy systems without any down payments.

Through FSO, First Solar and OrionGroup will focus on providing large commercial and industrial customers with electricity through long-term agreements.

“With tremendous experience, an established footprint, and engineering and technology integration capabilities, OrionGroup is the ideal partner to accelerate the adoption of PV technology in the commercial and industrial space,” said Jack Curtis, First Solar’s regional manager for Asia Pacific, “This initiative will help to address the gap in demand-supply imbalance caused by various factors like grid supply, costly alternate diesel power and rising electricity costs.”

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