Clean Edge - The Clean-Tech Market Authority

Search News:

Print

Previous Story | Next Story

Moser Baer Ramps up Solar Cell Production in India

Moser Baer India Limited, a global technology company, recently announced that its subsidiary, Moser Baer Photo Voltaic Limited (MBPV) has signed an agreement with China based LDK Solar for sale and delivery of high quality multicrystalline silicon wafers to MBPV over a ten-year period commencing in mid-2008 through 2017.

Under the terms of the agreement, LDK Solar will deliver multicrystalline solar wafers to MBPV for producing 640 MW worth of PV cells. MBPV will make a suitable prepayment to LDK Solar reflecting the contract value. The ten-year contract is based on a blend of "take-or-pay" and market linked pricing mechanism.

In Februrary, MBPV 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."

According to the company, 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.