Moser Baer announces start of
trial run of solar photovoltaic cell production
facility
March 2, 2007
New Delhi – 02nd March 2007: Moser Baer Photo Voltaic Limited (MBPV) today
announced that it has successfully completed final line integration and trials
on its initial 40 MW crystalline photovoltaic cell production facility. The
company remains on target to achieve 80MW of capacity in the second half of
2007.
According to Ravi Khanna, CEO Moser Baer Photo Voltaic Limited "We are
delighted to commence trial run on the state of the art and first of its kind
fully integrated in-line cell manufacturing facility. It provides inherent
flexibility to use 5 and 6 inch wafers in both mono and multi-crystalline
formats. We will rapidly increase deployment of thinner wafers and set industry
benchmarks in production efficiencies in line with our strategy to emerge as one
of the most efficient manufacturers in the photovoltaic space.”
MBPV plans to clearly straddle multiple future technologies and emerge as an
engineering & technology driven company. The company is decisively responding to
the rapidly expanding solar PV market, where worldwide demand far outstrips
supply. MBPV is moving towards technological leadership in this high growth
industry and developing a sustainable competitive edge by investing into
disruptive technologies.
The global photovoltaic market is on a high growth curve – sales expected to
grow over 6x to USD 40 billion by 2010. This demand is also highly price
elastic. A lowering of PV electricity costs to conventional levels could
exponentially expand this market as PV starts to penetrate into base load demand
of electricity.
About Moser Baer Photo Voltaic Limited
Moser Baer Photo Voltaic incorporated in New Delhi, a wholly owned subsidiary of
Moser Baer India Ltd, in the business of photovoltaic (PV) cells and modules.
MBPV plans to manufacture solar cells and modules by straddling multiple
technologies including crystalline silicon, concentration, nano technology and
thin films. The manufacturing facilities are housed in a renewable energy SEZ at
Greater Noida.
The parent company Moser Baer India Limited is the second largest
manufacturer of optical storage media in the world having five state of the art
facilities at Noida and Greater Noida.
Disclaimer
Certain statements in this release concerning future growth prospects involve
risks and uncertainties, especially those relating to future industry outlook
and our ability to manage growth and intense competition within the Industry.
Actual market conditions and our performance may differ from our guidance. This
estimate is based on current market trends. Among other factors, a sharp and
sustained strengthening of the Indian Rupee and a significant weakening in
global demand could adversely impact the company’s earnings. |
