Moser Baer Photovoltaic, the solar photovoltaic cell manufacturing arm of optical storage disk maker Moser Baer, is in the final stages of discussions with a few state governments to set up a greenfield manufacturing facility.
The company, which is adding capacity to produce 500 MW of solar power by 2010, expects $1.5 billion in revenues from the solar energy segment.
The company, which currently has capacity for 40 MW, is doubling it by the first quarter of the next fiscal. By the turn of the decade, it would have capacity for half a billion giga watt of solar power, for which it would have invested close to $1 billion.
On fundraising, Ravi Khanna, Chief Executive Officer said since the facilities would be coming up in phases, a large part of the required capex would be met through internal accruals. “These are early days for external fundraising and we have all options before us,” he said.
Read more in The DNA Money article.
No comments:
Post a Comment