First So­lar, Ori­onGroup an­nounce JV

Power Watch India - - DESPATCHES FINANCE -

First So­lar, Inc. and Ori­onGroup In­ter­na­tional, Inc re­cently an­nounced the launch of a Philip­pine Joint Ven­ture (JV) - FSO Energy So­lu­tions, Inc (FSO), that will re­alise so­lar energy projects in the com­mer­cial and in­dus­trial mar­ket space through power pur­chase agree­ments. “It is a priv­i­lege to work with First So­lar. They el­e­vate the stan­dards of PV in­stal­la­tions and we em­brace that same ap­proach in the Philip­pines,” Engr. Rynor G. Ja­man­dre, Ex­ec­u­tive Vice Pres­i­dent, Ori­onGroup In­ter­na­tional, Inc was quoted as say­ing.

Jack Curtis, First So­lar’s Re­gional Man­ager for Asia Pa­cific, said, “We are de­lighted to be col­lab­o­rat­ing with Ori­onGroup to ad­dress the de­mand of com­mer­cial and in­dus­trial con­sumers in the Philip­pines who are look­ing for an al­ter­nate energy source that is re­li­able, less volatile in price, and lower in cost.”

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