Moser Baer plans 600mw Thin Film PV capacity

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Moser Baer plans 600mw Thin Film PV capacity

Moser Baer plans 600 MW Thin Film PV capacity with an estimated investment of over $ 1.5 bn

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Moser Baer India Limited today announced that its wholly owned subsidiary, PV Technologies India Limited, has signed a Memorandum of Understanding (MoU) with a leading global equipment supplier to secure supply of critical equipment for a 565 MW phased expansion of its Thin Film photovoltaic modules manufacturing capacity, which together with the current project capacity of 40 MW will take the total manufacturing capacity to over 600 MW by 2010. 

Ravi Khanna, CEO, PV said, "Leaders in the PV industry will continue to emerge on the strengths of rapid scale up and technology differentiation. We see an increasingly significant role for Thin Film technologies in meeting peaking power requirements and now aim to be a significant player in this arena."

Thin film solar modules are ideal for energy farms, rural applications and building integrated Photovoltaic markets. Photovoltaic modules based on large area Thin Film technology provide a path to cost parity between solar generation and grid power. According to market estimates, the Thin Film based solar modules will see large emerging applications and a robust demand that, according to industry estimates is expected to grow ten fold; from 250 MW currently to 2GW with a market size of $5 bn by 2010.

Sourced From: Sampark Public Relations Pvt Ltd