- Premier Energies and SAS will set up a 2GW silicon wafer facility in India, strengthening domestic solar manufacturing.
- The joint venture supports backward integration and aligns with India’s Make-in-India initiative.
- Premier is also expanding solar cell and module capacity, launching BESS and aluminium frame units to boost the full value chain.
Premier Energies Limited has partnered with Taiwan's Sino-American Silicon Products Inc. (SAS) in a joint venture to develop a 2 GW silicon wafer production facility in India. SAS is the third largest global semiconductor silicon wafer manufacturer through its subsidiary GlobalWafers Co. Ltd. The plant will slice polysilicon ingots into wafers for photovoltaic cell/module manufacturing.
Chiranjeev Saluja, Managing Director, Premier Energies said, “This agreement marks the start of our backward integration into solar wafers. We are excited to partner with SAS to produce high-quality solar wafers to increase the share of local manufacturing in the solar value chain. The JV will play a pivotal role in strengthening the Make-in-India policy initiative of the Indian government.”
Doris Hsu, Chairperson and CEO of Sino-American Silicon Products Inc. and GlobalWafers Co., Ltd., stated, “This cooperation will be an important step for our future development in India. SAS and Premier Energies will bolster a critical aspect of the solar supply chain among various industries in India domestic and overseas markets. Furthermore, this can enhance both operational resilience and seize the strong demand of the Indian market.”
This venture represents a backward integration move into solar wafer production for Premier Energies, and it will solidify the local solar manufacturing value chain.
In addition to establishing a joint venture for the construction of a wafer plant in India, Premier Energies announced its intention to build a solar PV TOPCon cell manufacturing plant with a capacity of 0.8 GW at Naidupeta, Andhra Pradesh, and a capacity of 1.6 GW at a solar PV TOPCon module manufacturing plant in the Sitarampur Industrial Area, Telangana.
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The company has an objective of creating a new wholly owned subsidiary that would be dedicated solely to Battery Energy Storage Systems (BESS) manufacturing. Further they are undertaking a joint venture agreement with Nuevosol Energy Private Limited to undertake the foundry and extrusion of aluminium frames for solar PV modules.
Moreover, the company launched a 1 GW solar factory in the Maheshwaram industrial area in Hyderabad, Telangana. Currently, Premier Energies has an annual nameplate capacity of 2GW and 5.4GW for solar cells and modules, respectively. In the future, the company aims to increase its cell capacity by 6.4GW by June 2026 and its modules by 6GW by March 2026. By FY2028, Premier expects to have an annual nameplate capacity of 10GW for solar cells and 11.1GW for modules.