Moser Baer's Renewable Energy Vertical To Invest Rs 5,100 Crore In Solar Projects (08-Dec-2011)
Moser Baer Clean Energy, the renewable energy vertical of Moser Baer India is planning to invest about Rs 5,100 crore for setting up solar projects with a cumulative capacity of 300 MW in the country and abroad in the next nine months.
These projects would be set up in Gujarat, Orissa, West Bengal and Rajasthan in India, as well as abroad in countries like Germany, Italy and the UK. The company also has plans for augmenting its solar power generation capacity to 1 GW or 1,000 MW by 2015.
Recently, the company commissioned a 23.8-MW solar farm at Lauta in Germany. The project has been constructed with long-term debt funding from DKB Bank, Germany, which has also financed its Thuringen and Meissens projects.
The company commissioned 100 MW in solar projects from April-September 2011. Moser Baer Clean Energy also commissioned a 30-MW solar farm, developed at an investment of about Rs 465 crore, in Banaskantha district of Gujarat in October this year.
Moser Baer India is second largest manufacturer of optical storage media like CDs and DVDs in the world. It is first to market the next generation Blu-ray Discs and HD DVDs. It has diversified itself into areas of solar energy, home entertainment and IT peripherals and consumer electronics.
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