First Solar is looking to take over more than 20 per cent of India’s solar panel market by ramping up its plans for project development in India, according to Sujoy Ghosh, First Solar’s head of the Indian market, reports Gigaom. Commercial and industrial building owners in India are interested in looking into their own solar panel power projects as a way to defend against the wide sweeping grid blackouts of the Summer, and First Solar wants to be the one to build these projects.
First Solar has been selling its cadmium telluride based solar panels into the Indian market for quite some time. The company first started announcing deals in India for its solar panels in December 2010 and then boosted its sales shipment forecast from 100 MW to around 200 MW for 2011. The company is looking at shipping about 200 MW for at least five projects in 2012, according to an estimate by GTM Research late last year.