Moser Baer India Ltd has informed BSE that Moser Baer Photo Voltaic Ltd (MBPV) on June 07, 2007 announced that it commenced commercial shipment of its solar photovoltaic cells. MBPV further announced that it has firm customer orders and MoUs exceeding US$100 million. Additionally, the state of the art fully integrated in-line cell manufacturing facility has started producing photovoltaic cells at expected level of output with cell efficiency levels up to 15.5%.
According to Ravi Khanna, CEO Moser Baer Photo Voltaic Ltd "The In-line high yield systems are critical for rapid deployment of solar power in large scale and volumes. The response for our product has been encouraging and we have queries/orders from customers based out of America, Europe, South Asia."
MBPV further announced that it is on track to implement a 20MW module making capacity in the forthcoming quarter.
MBPV plans to straddle multiple future technologies and emerge as an engineering & technology driven Company. It is decisively responding to the rapidly expanding solar PV market. MBPV is moving towards technological leadership in this industry and intends to develop 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.
Source : Bseindia.com
June 07, 2007
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