Tuesday, April 17, 2012

MiaSole continues global expansion Into India solar market

SANTA CLARA, USA: MiaSole, the leading manufacturer of copper indium gallium selenide (CIGS) thin-film photovoltaic solar panels, announced the appointment of Preetha Nair as Country Manager India. This latest executive hire reinforces MiaSole's continued strategic global expansion, with particular emphasis on high growth solar markets such as India.

Nair has an extensive history in clean energy and trade finance, having previously served as the Senior Commercial Specialist at the US Commercial Service, US Department of Commerce at the American Embassy in New Delhi. During her tenure with US Commercial Service Nair advised over 500 US companies in entering the India market, representing over $4 billion in export sales. In March 2012, US Secretary of Commerce John Bryson awarded Nair the Department of Commerce's most prestigious Bronze honor award.

"MiaSole's 14 percent efficiency solar panels are the highest efficient thin film modules globally, and ideal for hot temperature climates like India. The addition of Ms. Nair is a significant milestone in our long-term commitment to emerging markets like India," said Rich Hossfeld, Vice President of Global Business Development and Sales for MiaSole.

"Ms. Nair's insight and extensive experience will be integral in further driving the growth of our company as well as enhancing the value and service we offer our customers. I look forward to working with Preetha as we develop our strategy throughout India and deliver the lowest levelized cost of electricity."

MiaSole has 8MW of solar projects in India completed or under construction, including a 2MW utility scale solar development project in Gujarat, India by Universal Solar System and financially supported by the Export-Import Bank of the United States. Its 14 percent efficiency panels represents a greater than 30 percent year over year improvement in efficiency and demonstrates how the company is aggressively moving toward a cost structure that is competitive with top-tier global solar manufacturers.

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