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Home » Solar » Moser Baer plans to expand its capacity from 200MW in photo voltaic (PV) cells and 50 mw in thin films to 1GW in the next few years in Chennai

Moser Baer plans to expand its capacity from 200MW in photo voltaic (PV) cells and 50 mw in thin films to 1GW in the next few years in Chennai

Moser Baer  announced today that it plans to expand its capacity from 200MW  in photo voltaic (PV) cells and 50 MW in thin films to 1GW in the next few years in Chennai (Read more here).

Mr. Deepak Puri, chairman and managing director has raised an interesting point about the financing of such projects that will play out to be a big challenge to a lot of first time developers and those without non-recourse  support to raise debt  for such projects.

He also talks about the cess on coal which has resulted in about INR 2000 Crore being collected so far which could be possibly be used for these projects. Further, he highlights the biggest challenge that is the current cost  where the cost of solar power is about Rs 15.50 per watt, while thermal and hydel range between Rs 2.75 to Rs 3.50 per watt.

He goes on to elaborate the scenario where 90% of their market so far has been the overseas export market. With the beating that  PV industry faced due to the heat of the economic meltdown last year, they have since turned homeward towards India where they now see robust demand.

This has been discussed in detail in a number of forums and recently Earth2Tech  talks about  a gross oversupply and significant consolidation in the solar space citing a report from Pike Research (Read more here).

This is exactly what the MNRE  has  often mentioned. They believe that 2012 is the right time to work on the policy for phase two of the JNNSM . This is also the biggest policy risk that most developers and other participants in the eco-system face as the first phase is limited to a 1100MW and will have all the capacities alloted in the next few months.

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