Wednesday, June 15, 2011

Moser Baer Solar Ltd signs agreement for distribution of solar modules in US

NEW DELHI: Moser Baer Solar Limited (MBSL) has signed an agreement with Munro Solar for the distribution of its solar photovoltaic modules in the United States.

"The agreement would help in increasing the company's presence in the US," the company said in a statement.

Munro Distributing Company Inc. has its presence in 11 locations across four states in the East and West coasts and will offer MBSL's multi-crystalline silicon solar modules and utilize them to design commercial turnkey solar PV systems for its customers. Munro Distributing is currently one of the major players in the US offering a variety of services and products in energy efficient lighting and power distribution.

"The current agreement is in-line with the vision of MBSL to further penetrate the emerging markets,"the company said.

According to the European Photovoltaic Industry Association, globally there was been an increase about 16 gigawatts of new solar photovoltaic (PV) installations in 2010 and US accounted for only 0.8 GW of this growth. Significantly, the US market is likely to grow from 1GW in 2010 to 3GW in 2012.

"We have been aggressively expanding our presence into new emerging markets by building partnerships with key players", Dr. Rajiv Arya, CEO Solar Business, Moser Baer India said.



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