Moser Baer To Invest $1.5 B In Thin Film Unit

Moser Baer India Ltd has announced an investment of $1.5 billion to set up a thin film photovoltaic capacity plant. PV Technologies India Ltd, the wholly owned subsidiary of Moser Baer India, signed an agreement with a global equipment supplier to source critical equipment for a 565-MW phased expansion. This would take the company’s current capacity to 600 MW from 40 MW by 2010.

Moser Baer Plans 600 MW Thin Film PV Capacity With An Estimated Investment Of Over $ 1.5 Bn

Moser Baer India Ltd on February 09, 2008 has announced that its wholly owned subsidiary, PV Technologies India Ltd, 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 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.