Moser Baer Photo Voltaic invests in Solaria

Chennai: Moser Baer Photo Voltaic Limited (MBPV) a wholly owned subsidiary of Moser Baer India Limited (MBI), has invested into Solaria, a photovoltaic concentration technology company based in Fremont, USA.

Moser Baer, the parent company, had earlier announced investment of $17 million into MBPV for investing into emerging solar cell technologies. MBPV is to take position in technologies, like concentrator photovoltaic (CPV), nano and others, 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 photovoltaic 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. The company's technology fits seamlessly into the existing photovoltaic supply chain; has the same form, fit, and function of traditional solar photovoltaic offerings; and can be deployed in a range of commercial, industrial and residential rooftop and ground-mounted applications.

"Solaria's new solar photovoltaic technology is immensely scaleable and can enable the acceleration of solar photovoltaic module production to meet the rapidly increasing worldwide demand for solar power," said Ravi Khanna, CEO, MBPV.