Upsolar, a provider of solar PV modules, established local presences in Istanbul (pictured here) and Singapore with two new offices.
Upsolar, a provider of solar PV modules, established local presences in Istanbul and Singapore with two new offices.
These locations will enable Upsolar to better serve the emerging solar markets in Turkey and Southeast Asia, while bringing the company up to 10 office locations across Europe, Asia and North America.
Offices in Turkey and Singapore will help Upsolar reach the Middle East and Southeast Asia solar markets, which are expected to grow rapidly due to booming populations, increasingly favorable regulation, and a lack of access to reliable electricity in many regions.
After leading Upsolar’s growth in Greece, Ioannis Markatatos will take the helm of the company’s Istanbul office as General Director of Turkey and Greece. Through partnerships with local engineering, procurement and construction experts, Upsolar plans to develop 29 MW of solar projects in Turkey in the coming years. In addition to a sales office in Istanbul, Upsolar will open a local warehouse near Antalya, Turkey’s largest solar market, to quickly deliver products and easily respond to changes in demand.
Upsolar’s Singapore office will enable the company to leverage the city-state’s substantial resources as a hub for finance, logistics and information for Southeast Asia. Roy Li will head the regional headquarters as Upsolar’s Managing Director of Asia Pacific. Li most recently managed the growth of Upsolar’s Japan office, which closed more than $50 million in sales in 2013.
This announcement arrives on the heels of a successful 2013 for Upsolar, during which the company launched financing solutions in France and Italy, opened a lab in Jiaxing and was ranked among the top module providers for sustainability and social responsibility by the Silicon Valley Toxics Coalition. The company capped the year by surpassing 1 GW of shipments over its lifetime.
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