Friday, November 17, 2006
Moser Baer Photo Voltaic (MBPV) heralds new PV technology
Solar (Photo Voltaic) energy has been in the news for past few decades but has not made any significant dent due to low yield pushing capital costs to unsustainable level. The good news-Sensing new opportunities in solar energy business, IT major Moser Baer has invested Rs 350 crore in photovoltaic business, which it feels will fetch Rs 450 crore ($100 million) revenue in the next one year.It started with off shore research and strategic equity participation in two solar concentrator technology companies, Solaria and Solfocus followed by minority stake in Stion Corporation, a nanostructures technology company based in California. What is common to hard disks and PV- both use semiconductor process based on silica. The business model of MBPV is to offer clean power to villages without depending on government subsidy either to the firm or to the user.