Moser Baer Photo Voltaic invests into Solar Cell Concentration technology

Moser Baer India Ltd has announced that Moser Baer Photo Voltaic Ltd, a wholly owned subsidiary of the Company on September 25, 2006 announced that it has invested into Solaria, a Photovoltaic concentration technology company based Fremont, USA.

Moser Baer, the parent company, had earlier announced investment of USD 17 million into MBPV for investing into emerging solar cell technologies. MBPV is to take position in technologies, like Concentrator Photovoltaic (CPV), Nano, etc, which should enable it to develop a sustainable competitive edge and technological leadership in this high growth industry.

Solaria has developed a breakthrough technology to deliver Low-cost, high-efficiency solar PV solutions. The company’s unique low technology platform should enable Moser Baer produce two to three times the number of modules from the same amount of silicon material used today’s conventional cells and modules. The company’s technology fits seamlessly into the existing PV supply chain; has the same form, fit, and function of traditional solar PV offerings; and can be deployed in a range of commercial, industrial and residential rooftop and ground-mounted applications.

"Solaria’s new solar PV technology is immensely scaleable and can enable the acceleration of solar PV module production to meet the rapidly increasing worldwide demand for solar power. We believe that these types of innovative technologies have the potential to make PV energy costs comparable to the conventional energy levels - thereby significantly growing the market. We plan to be at the forefront this emerging technology curve by combining Solaria’s product innovation with Moser Baer’s rapid technology commercialization and efficient manufacturing capabilities," said Mr Ravi Khanna, CEO, Moser Baer Photovoltaic Ltd.

Source : Equity Bulls

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