Since the news of Moser Baer’s booming solar sector, the company has announced plans to raise Rs300-400 crore over the next couple of months to fund expansion. Moser Baer will increase the crystalline silicon capacity of its photovoltaic business from 140MW to 240MW. The expansion will take place in two phases, reports Business Standard.
“Our immediate plan or phase one of the expansion is about our crystalline silicon capacity. In PV, for the second consecutive quarter, we have been able to achieve strong shipment and corresponding revenue. We are now actively implementing our expansion plans of the crystalline silicon facility,” Yogesh Mathur, Moser Baer CFO. Phase two of the expansion will involve an increase in the combination of both thin-film and crystalline silicon facilities.
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Moser Baer has also commissioned its largest thin-film solar farm at Chandrapur in Maharashtra, with an installed capacity of 1MW. It has announced further plans to commission two more solar farm in the country. The first 5MW farm will be loacted in Tamil Nadu, and involves an investment of US$20 million (Rs90 crore) while the second will be set up in Rajasthan.