Chief Executive of First Solar, Jim Hughes has hinted that the company might look at manufacturing in India. First Solar is the American photovoltaic cells and modules manufacturer. Hughes was responding to a question in a recent earnings conference call with analysts on the point of whether local manufacturing rules in India was a risk for First Solar.
He said that ultimately, if the kind of visible demand that they expect develops in that market, that is likely a market where the company would look to put manufacturing in place, he said.
Hughes sees a big opportunity for First Solar in the private sector projects, (where, the electricity produced would be sold directly to bulk consumers at agreed prices, as opposed to government-sponsored projects that have an element of subsidy.)
He explained that even if local manufacture rules were to come up, they would come up only in public sector programmes like the National Solar Mission.
Contact: First Solar
Web: www.firstsolar.com
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