Friday, March 30, 2007

Moser Baer Ties Up Supplies Via Investment

Moser Baer has bought a 40% stake in Slovenian company, SolarValue AG. SolarValue has a plant that manufactures solar grade silicon and is targeting a plant capacity of 4400 tonnes. The investment from Moser Baer helps it in that direction.

For Moser Baer it helps tie up silicon supplies for Moser Baer Photo Voltaics' planned ramp-up in capacity to 80 MW of solar cells by this year. MBPV recently inaugurated 40 MW of solar PV cell manufacturing capacity, for which it has tied up for supplies with a Solar World group company. The tie-up with SolarValue will ensure MBPV has enough supplies for the additional 40 MW which is scheduled to come on line by the end of this year.