MBCEL will procure 25 megawatts (MW) DC of First Solar?s advanced thin-film modules for its solar power generation projects

Moser Baer Clean Energy Limited (MBCEL), the Solar subsidiary of Moser Baer Projects Private Limited (MBPPL), and First Solar Inc. (Nasdaq: FSLR) announced that MBCEL will procure 25 megawatts (MW) DC of First Solar’s advanced thin-film modules for its solar power generation projects. Delivery is expected to take place by June 30, 2011.

Mr. Lalit Jain, Chief Operating Officer, International Operations, MBCEL Ltd. said, “We are very happy to have selected First Solar for meeting part of the requirement for our projects. MBCEL is developing over 300 MWp of solar power projects in Germany, Italy, US, Australia and India and this marks the beginning of a mutually beneficial relationship in the long run.”

“We are pleased to collaborate with a leader like MBCEL to contribute to India’s development of clean, affordable, sustainable solar electricity, providing our advanced thin film technology and expertise in large-scale solar PV systems,” said TK Kallenbach, First Solar Executive Vice President of Marketing & Product Management. “India’s rich solar resource, unique energy needs and commitment to solar energy represent a tremendous opportunity for First Solar as we expand our global reach into emerging solar markets.”

 The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment.

Moser Baer Clean Energy Limited (MBCEL) was established in 2008 with a strategy to undertake development of renewable power projects worldwide. MBCEL is a project developer, owner and operator of solar power projects globally. It is currently India’s largest solar power development company with a presence in key international markets. MBCEL has ~ 500 MWp under development across multiple states in India and a project portfolio of over 200 MWp in Europe to be developed by 2012. MBCEL has already commissioned 5 MWp Solar PV project in Tamil Nadu and 13 MWp Solar PV projects in Germany.