Moser Baer Photo Voltaic (PV) Technologies, wholly-owned subsidiary of Moser Baer India, has signed a memorandum of understanding (MoU) with a global equipment supplier to secure supply of critical equipment for a 565 Mw phased expansion of its thin film photovoltaic modules manufacturing capacity.This MoU will enable to enhance the current project capacity of 40 Mw to take the total manufacturing capacity to over 600 Mw by 2010.Commenting on the MoU, Ravi Khanna, CEO, PV 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."According to market estimates, 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 2 giga watt (Gw) with a market size of $5 billion by 2010.
