Premier Energies
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Heliene and Premier Energies, India – Announce Joint Venture to Build a U.S.-Based Solar Cell Manufacturing Facility
Heliene, Inc., a customer-first provider of North American-made solar PV modules, and Premier Energies, India’s 2nd largest solar cell manufacturing company, have announced their joint plan for a US based joint venture to create a solar cell manufacturing facility in the U.S. Under the terms of a recently-executed agreement, the new facility will produce an annual aggregate capacity of 1 GW NTyp cells to supply Heliene’s U.S. cell requirement as well as Premier’s.
With this joint venture and new cell plant, the Companies are investing in the growing U.S. solar industry and capitalizing on important incentives and tax credits for domestic clean energy manufacturing introduced under the Inflation Reduction Act (IRA) of 2022.
This joint venture builds on a longstanding partnership between Heliene and Premier Energies and a shared commitment to providing solar customers and developers with long-term, highly bankable, reliable and sustainable products. Heliene currently sources solar cells from PEPPL’s Hyderabad facility for use in module manufacturing at its Mountain Iron, MN location.