Heliene and Premier Energies, India – Announce Joint Venture to Build a U.S.-Based Solar Cell Manufacturing Facility
2024年7月25日 - 9:30PM
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.
“Premier Energies has been a valued partner of Heliene’s for
many years now and we share a commitment to providing the
highest-quality, most-reliable products to solar customers. With
demand for U.S.-made modules and components growing, now is the
perfect time to embark on the next phase of our partnership with
this joint venture,” said Martin Pochtaruk, CEO of Heliene. “Our
new cell manufacturing facility will not only expand the footprint
and impact of each of our companies, but it will also establish us
as true leaders in the effort to friend-shore up the U.S. solar
manufacturing supply chain.”
The IRA introduced important tax credits for the domestic
production of solar cells, modules and components, but new
U.S.-based cell manufacturing capacity is still required to meet
increased demand for solar modules and projects. Heliene and
Premier Energies’ planned facility will directly address this
demand. Cells produced at the new site and incorporated into
existing U.S. module manufacturing operations will also support
developers seeking additional tax credits and incentives for their
solar projects, including the lucrative domestic content bonus
adder.
“As pioneers in solar technology and with our years of
experience in solar cell manufacturing, Premier Energies is proud
to partner with a fellow innovator and industry leader in Heliene,”
said Chiranjeev Saluja, Managing Director at Premier Energies.
“This joint venture will leverage the best of both companies’
resources and knowledge to tap the largely unaddressed demand for
U.S. cell manufacturing.”
Under the terms of the joint venture, Heliene will contribute
construction, project management, human resources, financial
resource and management, facility operations, supply chain and
logistics, and regulatory expertise. Premier will
contribute cell technology engineering and operational expertise in
the manufacturing process of the cells, manufacturing equipment
selection, financial resources, raw material vendor relationships
and supply agreements management. The Companies will announce
further details on the project’s scope and timeline shortly.
About Heliene
Heliene is one of North America’s fastest-growing domestic
module manufacturers serving the utility-scale, commercial, and
residential markets. With an in-house logistics team and remarkably
responsive support staff, Heliene delivers competitively priced,
high performance solar modules precisely when and where customers
need them to accelerate North America’s clean energy transition.
Founded in 2010, Heliene consistently ranks as a highly bankable
module manufacturer and has production facilities located in
Canada, and the USA. For more information, visit
www.heliene.com.
Media inquiries:Carly RossFischTank
PRheliene@fischtankpr.com
About Premier Energies Photo Voltaic Pvt
Limited
Founded in 1995, Premier Energies is India's 2nd largest
integrated Cell and Module manufacturer with Module Capacity of
3.36GW and Cell Capacity of 2GW. Its state of the art, fully
automated facility in Hyderabad is GOLD rated by U.S. Green
Building Council. Backed by GEF Capital (Washington DC based global
environment fund) and with offices in India and Toronto, Premier
Energies supplies high quality, third party validated bankable
solar cells and modules across the globe. For more information,
visit: www.premierenergies.com/
Media inquiries:Mohit
Chawlahello@premierenergies.com