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See the best of Reuters photography. See more | Photo caption Raging wildfires Raging fires strike Colorado and Utah. Slideshow Madonna on tour Madonna takes her MDNA World Tour on the road. Slideshow First Solar names COO Tweet Share this Email Print Related News Japan approves renewable subsidies in shift from nuclear power Mon, Jun 18 2012 JA Solar's $100 million buyback plan lifts shares Thu, Jun 14 2012 UPDATE 3-Centrotherm left in the cold by finance problems Thu, Jun 14 2012 Related Topics Tech » Fri Jun 29, 2012 9:34am EDT (Reuters) - First Solar Inc named a former private equity venture partner to the newly created position of chief operating officer, at a time when solar financing has dried up. Georges Antoun, who most recently worked at private equity firm Technology Crossover Ventures, joins a company that in the last few months has appointed a new CEO, cut 30 percent of its workforce and posted a surprise first-quarter loss. Solar panel maker First Solar's shares have fallen 88 percent in the last one year, a period that saw other solar companies such as U.S.-based Solyndra and Germany's Q-Cells SE going bust due to falling government subsidies and product oversupply. South Korean group Hanwha may buy insolvent Q-Cells, once the world's largest maker of solar cells, a spokesman for Hanwha Corp said on Friday. Shares of First Solar rose 4 percent to $15.33 in early trading on Friday on the Nasdaq. (Reporting by Krishna N. Das in Bangalore; Editing by Maju Samuel) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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