Moser Baer plans 600 MW thin film PV capacity

Moser Baer India has informed us that its wholly owned subsidiary, PV Technologies India, 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 photo voltaic 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.

Thin film solar modules are ideal for energy farms, rural applications and building integrated photo voltaic 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 billion by 2010.