Breaking News

Alibaba Said to Price IPO at $68 Per Share
Tweet TWEET

Moser Baer Completes India’s Largest Solar Power Plant

Moser Baer India Ltd. (MBI), the country’s second-largest solar-cell maker, completed the biggest sun- powered plant in India.

The 4.65 billion rupee ($95 million) project in Gujarat state, which uses thin-film panels supplied by First Solar Inc. (FSLR), DuPont Co., and Moser Baer, has a capacity of 30 megawatts, the New Delhi-based company said today.

That makes it the largest solar plant commissioned to date in India, according to Bloomberg New Energy Finance data. It will generate 52 million kilowatt-hours or enough electricity for 50,000 homes per day, according to the e-mailed statement.

Moser Baer’s solar division, which also works as a contractor for other companies, plans to build 300 megawatts of sun-powered projects in India, Germany, Italy and the U.K. over the next 12 months, the statement said.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.