First Hogar And OrionGroup Announce JV when Solar Development in Philippines
JOINT VENTURE Launched to Address Commercial & Conventional Self Generation Market Potential
Manila, Philippines, 19 May 2015 exactly what you need First Solar, Inc. (Nasdaq: FSLR) and OrionGroup International, Inc announced today the launch of a Philippine Partnership (JV) - FSO Energy Assistance, Inc (FSO), that will realize solar technology advantages projects in the commercial and industrial exchange space through power purchase documents.
"It is a privilege to work with Main Solar who is a global leader which included a successful track record over the years in photo (PV) solar systems. They raise the standards of PV installations and embrace that same approach within the Philippines. We are here to make profit on our strengths for the clients. Regarding business strategy is to provide the incredibly best product offerings and services as strengthen our market reach within the Philippines. " said Engr. Rynor G. Jamandre, Executive Vice President, OrionGroup International, Inc.
OrionGroup's solar treatment plans have powered hotels, hospitals, custom made courses, offices, factories and households all over the country. Its flexible financing treatment plans allow customers to own renewable energy components without any down payments.
Through FSO, Main Solar and OrionGroup will work with providing large commercial and private customers with electricity through long agreements. FSO will provide a fully added in renewable energy package that will create enjoyable value for our customers.
Jack Curtis, First Solar's Regional Manager when Asia Pacific, said, "We have been delighted to be collaborating with OrionGroup to address the demand of commercial and private consumers in the Philippines who are seeking an alternate energy source that is reliable, far less volatile in price, and lower in price. "
"With tremendous experience, an existing footprint, and engineering and technological innovations integration capabilities, OrionGroup is the ideal person to accelerate the adoption coming from all PV technology in the commercial and private space. This initiative will help to deal the gap in demand-supply discrepancy caused by various factors like power supply, costly alternate diesel control and rising electricity costs. " Mister. Curtis added.
A vertically added in solar energy company, with 10 GW installed worldwide, First Solar makes international experience and established technological innovations leadership. The collaboration will partner the best of both company's competencies to increase the number of commercial and private PV installations in the Philippines. It will provide a reliable alternative source of control generation to an energy constrained with your.
First Solar is a leading integral provider of comprehensive photovoltaic (PV) solar systems which use its outstanding module and system technology. You can actually integrated power plant solutions deliver a helpful economically attractive alternative to fossil-fuel electrical energy generation today. From raw textiles sourcing through end-of-life module these recycling, First Solar's renewable energy systems look after and enhance the environment. For more information roughly First Solar, please visit www.firstsolar.com
ORIONGROUP INTERNATIONAL INC. (OrionGroup) was established that kicks off in august 2012, envisioned to be a major unit in renewable energy, engineering, procurement, and consequently construction management (EPCM). OrionGroup will remain focused on the project management and consequently renewable energy sector. The company offers range of renewable energy products for the Philippine household and commercial market place ranging from wind mill (horizontal and vertical), solar /photo-voltaic systems, clean water generator, and consequently solar air conditioning system. OrionGroup does offer competitive pricing and provide its business flexible business plans and package deals.
This release contains forward-looking scenarios which are made pursuant to safeguarded harbor provisions of the Private Stock options Litigation Reform Act of 95. These forward-looking statements include scenarios, among other things, concerning: our business practice, including anticipated trends and breakthroughs in and management plans for the business and the markets in which most of us operate; future financial results, carrying out work results, revenues, gross margin, carrying out work expenses, products, projected costs, warranty information, solar module efficiency and amount owed of systems ("BoS") cost step-down, diminution, decrease roadmaps, restructuring, product reliability and consequently capital expenditures; our ability to are nevertheless reduce the cost per watt those who have solar modules; our ability to cure the costs to construct photovoltaic ("PV") solar powered energy systems; research and development programs and all ability to improve the conversion efficiency those who have solar modules; sales and marketing initiatives; and consequently competition. These forward-looking statements are frequently characterized by the use of words such as "estimate, " "expect, " "anticipate, in "project, " "plan, " "intend, " "believe, " "forecast, in "foresee, " "likely, " "may, " "should, " "goal, in "target, " "might, " "will, " "could, " "predict, in "continue" and the negative or diverso of these words and other comparable words. Forward-looking statements are only predictions by our current expectations and all projections about future events. You ought not place undue reliance on kinds of forward-looking statements. We undertake not at all obligation to update any of these forward-looking statements for any reason. These forward-looking statements involve known and unforeseen risks, uncertainties, and other factors which can cause our actual results, enhanced activity, performance, or achievements to vary materially from those expressed on the other hand implied by these statements. These components include, but are not limited to, finally, the matters discussed in Item 1A: "Risk Factors, " of our most recently released Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed with the SECURITIES AND EXCHANGE COMMISSION'S.
This content was issued by First Hogar Inc. on the 2015-05-19 and was posted on www.firstsolar.com. It was distributed, unedited and unaltered, by noodls on your 2015-05-19 17: 59: 18 UTC. The original issuer is solely the cause of the accuracy of the information contained in it.I like solar system. I have many years experience about solar system.More information about solar powered system. It is a helpful resource for your refer