International, Inc. (Manila, Philippines) on May 19th, 2015 announced the launch of a Philippine Joint Venture (JV) - FSO Energy Solutions, Inc (FSO), that will realize solar photovoltaic (PV) projects in the commercial and industrial market space through power purchase agreements (PPAs).
"It is a privilege to work with First Solar who is a global leader with a successful track record over the years in photovoltaic (PV) solar systems,” said Engr. Rynor G. Jamandre, Executive Vice President, OrionGroup International, Inc.
“They elevate the standards of PV installations and we embrace that same approach in the Philippines. We are here to capitalize on our strengths for the clients. Our business strategy is to provide the best product offerings and services as we strengthen our market reach in the Philippines.
Solar power to be provided through long-term 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, the partners note.
Through FSO, First Solar and OrionGroup will focus on providing large commercial and industrial customers with solar power through long-term agreements. FSO will provide a fully integrated renewable energy package that will create compelling value for our customers.
"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,” 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." Mr. Curtis added.
2015-05-20 | Courtesy: First Solar, Inc. | solarserver.com © Heindl Server GmbH
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