Cenergy Power expects its California project revenues to grow by an order of magnitude in 2010 and is now focused on the long-term potential of solar in emerging markets. The company is currently negotiating several megawatt-sized pilot projects with local utilities and stakeholders in Vietnam, and will employ up to 100 solar installers and field service engineers over the next twelve months to construct and serve projects within and outside of Southeast Asia.
Cenergy Power has tapped Ascenx Technologies, a Vietnam-based engineering services provider for the semiconductor and upstream solar industries, to assist in the recruitment, training and development of Cenergy’s local human capital requirements.
Nader Yarpezeshkan, director of business development at Cenergy Power, said: “Our market analysis tells us that the fluid solar market will expand very quickly beyond China into nearby Southeast Asia countries, where power demand severely outstrips supply and grid parity for Cenergy Power can be reached within one year.
“We have benefited tremendously from being ahead of the curve in certain key market segments in California and we believe a similar methodical approach to the Southeast Asia market could yield even bigger results over the next few years.”
