''As part of the expansion plans, Moser Baer subsidiary PV Technologies India, has signed a memorandum of understanding (MoU) with a US-based equipment supplier to secure supply of critical equipment,'' a company statement said. The capacity expansion would make Moser Baer one of the leading players in the the thin-film PV segment globally.
The proposed capacity expansion will take place at Moser Baer's manufacturing facilities at Greater Noida and Chennai.
The 1.5-billion dollar thin film expansion plan would be financed through a mix of debt and equity.
Thin film solar modules are ideal for energy farms, rural applications and building integrated Photovoltaic markets.
The global thin-film PV market is expected to grow to two giga watt (GW) by 2010 worth about five billion dollars from the current 250 MW.
The company is targeting a 30 per cent share of the growing global market.