The Hindu Business Line : Moser Baer arm buys stake in Solaria

Moser Baer Photo Voltaic Ltd, a wholly owned subsidiary of Moser Baer India Ltd(MBI), announced on Monday that it has invested into Solaria, a photovoltaic concentration technology company based in Fremont, US. Moser Baer, the parent company, had earlier announced an investment of $ 17 million into MBPV for investing into emerging solar cell technologies. MBPV is to take position in technologies, such asConcentrator Photovoltaic (CPV), Nano, which should enable it to develop a sustainable competitive edge and technological leadership in this high growth industry.

"Solaria has developed a breakthrough technology to deliver low-cost, high-efficiency solar PV solutions. The company's unique low-concentration technology platform should enable Moser Baer to produce two to three times the number of modules from the same amount of silicon material used in today's conventional cells and modules," said a press release.

"We believe that these types of innovative technologies have the potential to make PV energy costs comparable to the conventional energy levels - thereby significantly inducing growth in the market. We plan to be at the forefront of this emerging technology curve by combining Solaria's product innovation with Moser Baer's rapid technology commercialisation and efficient manufacturing capabilities," said Mr Ravi Khanna, CEO, Moser Baer Photovoltaic Ltd.

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