Date:29th Jan 2012

Moser Baer enhances its solar semiconductor tech for scaling up effeciency to 21%

Moser Baer's Solar PV business adopts MIST (Metal and Intrinsic layer Semiconductor Technology) to upgrade its solar PV cell efficiency to 21% to meet the current industry challenges.

Moser Baer says its solar PV arm is one of the few entities in the world to have the proficiency and complete process know - how for manufacturing both crystalline silicon and thin film modules. It will leverage both these technologies to manufacture high efficiency MIST cells with 21%+ average efficiency. Moser Baer has R&D labs in Netherlands and India.

Dr. Rajiv Arya, CEO, Moser Baer Solar said, "MIST technology will not only help manufacture high efficiency product and bring direct benefit to the customers as it will use less of land area and lower balance of systems costs but will also place Moser Baer at the top end of the market giving it a premium position. We will continue to use technology to our advantage whenever there is transformational change in the market."

He further added, "While we continue to focus on increasing efficiencies of our product, there is also a real need for a comprehensive policy support in order to create a healthy, robust manufacturing ecosystem in the country. Things need to be looked at holistically. Only technological intervention will not help address the industry issues."

Yogesh Mathur, Group CFO, Moser Baer said, "Use of the MIST technology will not only bring competitive superiority by enhancing product efficiency but will also bring in cost effectiveness and profitability to the table. In addition to the upgradation of the existing 'thin film' and 'crystalline silicon' assets, MIST will provide us with the ability to charge premium pricing on our products which will help us maintain higher margins than average solar PV players and generate attractive cash flow."