Moser Baer PV Acquires 40% Stake in Solarvalue AG

Solarvalue AG and Moser Baer announced that the latter has acquired a 40% stake in Solarvalue Proizvodnja d.d. Moser Baer will do a significant investment as a shareholder in this project.

The acquisition will guarantee Moser Baer Photo Voltaic (MBPV), a subsidiary of Moser Baer India limited, an assured supply of high-grade solar wafers. It will also help Solarvalue increase the production capabilities of its silicon production plant in Ruse, Slovenia. “It is a win-win situation for Solarvalue and Moser Baer as both companies will now have a presence in the entire PV value chain,” said Claudia Boehringer, CEO, Solarvalue. “Our short-term production goals and the next steps for refurbishment remain the same. Moser Baer’s long-standing experience in commercializing technology and rapid scale-up will foster our position in the global PV market. We also expect further synergies from this partnership.” Solarvalue plans to set up a capacity of 4.400 tons of solar grade silicon by the end of 2008. Moser Baer PV had recently announced setting up ‘the largest’ Thin Film solar fab in the world and has invested in three U.S.-based technology companies. Its 80-megawatt crystalline silicon plant has already begun trial production and is set to start commercial production this month.
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