New Delhi, India [RenewableEnergyAccess.com] Moser Baer India Limited has announced that its wholly owned subsidiary, PV Technologies India Limited, has signed a Memorandum of Understanding (MoU) with an equipment supplier to secure supply of critical equipment for a 565 megawatt (MW) phased expansion of its thin film photovoltaic (PV) module manufacturing capacity. Combined with the current project capacity of 40 MW, the expansion will take the total manufacturing capacity to over 600 MW by 2010.
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 2 gigawatts (GW) with a market size of $5 bn by 2010.
“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,” said Ravi Khanna, CEO of PV Technologies.