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Spanish Solar Company Expands In Asia

PROINSO establishes operations in Thailand to serve fast growing Southeast Asian solar market


PROINSO has extended its global reach
to Southeast Asia. From it's new centre in Bangkok, Thailand, PROINSO plans to
expand its international network of over 2020 Qualified Installers throughout
Southeast Asia. The company's global network already accounts for 88% of sales
across Europe and North America, while emerging markets which presently
represent 5% of overall revenues.

Mr. David Anthony Carten has been
appointed Director of Operations & Sales and will lead the effort based
from Bangkok, Thailand. Carten brings 14 years experience in solar energy in
international markets across North America, Latin America, Europe and Asia.

PROINSO works with several key
partnerships in Thailand to expand into Cambodia, Laos, Myanmar, Vietnam, The
Philippines, Indonesia and Malaysia by the end of 2013. Thailand is of
strategic interest for PROINSO, and has led the "solar boom" in Southeast Asia
via strong solar PV incentives. "Just in the last year Thai electrical authorities
have approved close to 700 MWs of Power Purchase Agreements for grid connected
solar power plants," says Carten "and with solar power now cheaper than diesel
in many areas, we will see the emergence of new important markets, all across Southeast
Asia. The present cost of Solar has now reached the point where we can make a
significant contribution to the electrification of those areas that rely
entirely on fossil fuels."

"PROINSO's offering to the Souteast
Asian market is unique, beyond offering quality bankable equipment, we are also
able to provide project development support and through our partnerships, post
sales service support," Carten adds. "The team working here is a highly
experienced and professional group who will distinguish PROINSO as key partner
for any solar power development, large or small."

Asian solar markets (China, Japan,
India and Southeast Asia) in the next 2 years are expected to surpass 10,000
MW. PROINSO management added, "If we consider that forecasts for solar in
Europe were to be 8,000 MW in 2013 while North America and Mexico will account
for 6,000 MW it becomes very clear where PROINSO should be investing."


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