Swiss firm Oerlikon Solar aims substantial mkt share in India

NEW DELHI: Swiss company Oerlikon Solar, which is into manufacturing equipment related to solar photovoltaic modules, is looking to garner a significant share in the nascent Indian market.

With increased focus on green energy, Indian market is expected to be lucrative for entities involved in the alternative energy business.

"We are the global market leader within the thinfilm silicon in the total solar photovoltaic (PV) industry and are looking at at least 20 per cent market share in India in the next few years," Oerlikon Solar Corporate Business Development Manager Sumeet Gupta told PTI.

Thinfilms are primarily used in solar PV cells, that helps in direct conversion of solar energy into electrical energy.

Oerlikon Solar, part of Switzerland-based Oerlikon Group, manufactures equipment for thin film solar PV modules.

Last month, the company globally launched its new production line -- Thinfab -- which it claims is very efficient and less expensive.

According to the firm, Thinfab has the lowest module manufacturing cost per watt in the thin film market.