Friday, March 02, 2007

MBPV production facility on track

Moser Baer Photo Voltaic is on track to meet its 2007 production targets.

Moser Baer India has said that Moser Baer Photo Voltaic (MBPV) Mar. 02, 2007 announced that it has successfully completed final line integration and trials on its initial 40 MW crystalline photovoltaic cell production facility. The company remains on target to achieve 80 MW of capacity in the second half of 2007.

MBPV plans to clearly straddle multiple future technologies and emerge as an engineering and technology driven company. The company is decisively responding to the rapidly expanding solar PV market, where worldwide demand far outstrips supply. MBPV is moving towards technological leadership in this high growth industry and developing 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. This demand is also highly price elastic. A lowering of PV electricity costs to conventional levels could exponentially expand this market as PV starts to penetrate into base load demand of electricity.

Related post: Moser Baer going strong on Solar PV