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First Solar Hires Yung as Managing Director & VP

Source: www.gulfoilandgas.com 9/27/2012, Location: North America

First Solar, Inc. announced that Bruce Yung has joined the company as Managing Director and Vice President of Business Development for China. In his new role, Yung will be based in First Solar's Beijing office and report to Jim Brown, Executive Vice President of Global Business Development. Yung has 25 years of experience in the energy industry throughout Asia and Europe, spanning oil, gas, coal, power and renewable energy. Most recently, Yung was Managing Director of China Renewable Energy Investment Limited, a renewable energy company focused on China. Prior to that, he held senior positions in business development, mergers and acquisitions, asset management and strategy with leading global energy companies such as British Petroleum, Entergy Power Group and British Gas.

"Bruce's extensive and diverse global experience across the energy industry will be a valuable asset to First Solar and our customers as we continue to grow and invest in the Chinese market," said Brown. "His first-hand knowledge of the entire power life-cycle, from development to operation, will help us to expand the market for utility-scale solar PV power plants in China and to deliver value to Chinese solar power producers."

"I am excited to lead First Solar's effort to bring its leading thin-film technology and unparalleled experience in utility-scale solar to the Chinese market in order to help China reach its ambitious renewable energy goals," said Yung.

Yung earned BS and PhD degrees in chemical engineering from the University of Birmingham and an MBA from Henley Management College in the United Kingdom. He is currently Vice Chairman of the Energy Committee at the American Chamber of Commerce in Hong Kong and Co-Chair of the Renewable Energy Chapter of the Independent Power Producers Forum.

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