MUMBAI: Moser Baer India has announced that its wholly owned subsidiary, PV Technologies India, has signed a Memorandum of Understanding (MoU) with a leading global equipment supplier to secure supply of critical equipment for a 565 MW phased expansion of its Thin Film Photovoltaic modules manufacturing capacity, which together with the current project capacity of 40 MW will take the total manufacturing capacity to over 600 MW by 2010.

PV CEO Ravi Khanna said, “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.”
 
Thin film solar modules are ideal for energy farms, rural applications and building integrated Photovoltaic markets. Photovoltaic modules based on large area Thin Film technology provide a path to cost parity between solar grid power.

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 2GW with a market size of $5 bn by 2010.