| |
|
|
| Press Releases |
 |
|
|
|
|
Moser Baer plans 600 MW Thin
Film PV capacity with an estimated investment of
over $ 1.5 bn February
09, 2008
Saturday, February 09, 2008 : 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.
About Moser Baer India Limited
Moser Baer, headquartered in New Delhi, is a leading global technology company.
Established in 1983, the company successfully developed cutting edge
technologies to become the world’s second largest manufacturer of Optical
Storage media like CDs and DVDs. The company also emerged as the first to market
the next-generation of storage formats like Blu-ray Discs and HD DVD. Recently,
the company has transformed itself from a single business into a
multi-technology organisation, diversifying into exciting areas of Solar Energy,
Entertainment and IT Peripherals & Consumer Electronics.
Through its wholly owned subsidiaries, the company manufactures photovoltaic
cells and modules by straddling multiple technologies including crystalline
silicon, concentrator, nano technologies and thin films. Moser Baer
Entertainment offers home video titles in various Indian languages at unmatched
prices and is also engaged in media content creation. The company has also
initiated marketing of a series of IT Peripherals and Consumer Electronics
gadgets.
Moser Baer has over 6,000 full-time employees and multiple manufacturing
facilities in the suburbs of New Delhi. |
|
|
|
