Moser Baer Technologies Inc., a subsidiary of one of India’s leading technology company Moser Baer India Limited (BSE: MOSERBAER), will invest $11.5 million in the world’s first OLED lighting manufacturing to be set up in the New York State.
Moser Baer Tech. will partner with
From a technological point of view, India is an excellent place for the development of solar energy. It gets plenty of sunshine for most parts of the year, with the summer temperatures well in excess of 1000 F in most parts of the country. To the northwest, India has the Thar Desert that has been identified as a feasible spot for the development of solar power, since the area is mostly an arid land and gets plenty of sunlight.
Apart from the solar power generation potential at a large scale, there is plenty of scope for household solar harvesting.