PV Technologies India Ltd, wholly owned subsidiary of Moser Baer India Ltd, has announced plans to add 565 MW in a phased expansion to its thin film photovoltaic modules manufacturing capacity.
Thin film solar modules are ideal for energy farms, rural applications and building integrated photovoltaic markets.
The company has a current project capacity of 40 MW and the expansion will take Moser Baer's total manufacturing capacity to over 600 MW by 2010.
"Leaders in the PV industry will continue to emerge on the strengths of rapid scale up and technology differentiation.," said Ravi Khanna, CEO, PV "We see an increasingly significant role for thin film technologies in meeting peaking power requirements and now aim to be a significant player in it."
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 billion by 2010.