MBPV to focus on rapidly evolving photovoltaic market

Mumbai, Jun 7 (UNI) Computer CD and DVD manufacturer, Moser Baer India has announced that it's division Moser Baer Photo Voltaic Ltd (MBPV) from today onwards has commenced commercial shipment of its solar photovoltaic cells and that it has firm customer orders and memorandum of understandings (MoUs) exceeding a whopping USD 100 million.

The company said that the state-of-the-art fully integrated in-line cell manufacturing facility has started producing photovoltaic cells at expected level of output with cell efficiency levels up to 15.5 per cent.

Moser Baer Photo Voltaic Ltd CEO Ravi Khanna said in an official statement, ''The In-line high yield systems are critical for rapid deployment of solar power in large scale and volumes. The response for our product has been encouraging and we have queries and orders from customers based out of America, Europe, South Asia.'' MBPV further announced that it is on track to implement a 20 MW module making capacity in the forthcoming quarter. MBPV plans to straddle multiple future technologies and emerge as an engineering&technology driven company. It is decisively responding to the rapidly expanding solar PV market. MBPV is moving towards technological leadership in this industry and intends to develop a sustainable competitive edge by investing into disruptive technologies. The global photovoltaic market is on a high growth curve, and sales are expected to grow over USD 40 billion by 2010, MBPV said.

UNI