Premier Energies Suspends Plans for US Solar Cell Factory
POWER & RENEWABLE ENERGY

Premier Energies Suspends Plans for US Solar Cell Factory

Premier Energies, a leading solar manufacturer in India, has decided to put on hold its plans to establish a 1 GW solar cell manufacturing facility in the United States. The decision comes in response to on-going uncertainty surrounding federal policies on climate and energy investments.

The solar cell manufacturing segment remains a crucial yet underdeveloped part of the solar supply chain, requiring significantly more capital investment compared to module assembly. While the United States has substantial capacity for module production, solar cell manufacturing has remained a bottleneck due to high costs and supply chain dependencies.

The temporary suspension follows an executive order from the Trump administration that halted federal spending on climate and energy initiatives, creating widespread uncertainty in the industry. The lack of clarity on the future disbursement of tax credits under the US Inflation Reduction Act (IRA) has further contributed to hesitation among investors. Since the IRA’s passage in 2022, the US clean energy sector has witnessed significant investment announcements, but recent policy shifts have introduced ambiguity regarding its future implementation.

Premier Energies had initially announced the factory plans in July 2024 as part of a joint venture with module manufacturer Heliene. The partnership aimed to source 1 GW of n-Type solar cells for Heliene’s module assembly operations in the United States. Currently, Heliene procures solar cells from Premier Energies’ Hyderabad facility for its module production unit in Mountain Iron, Minnesota.

With the evolving regulatory landscape, Premier Energies intends to reassess its strategy once the policy direction becomes clearer. The company remains committed to expansion but will proceed based on a more stable market environment.

News source: PV Magazine

Premier Energies, a leading solar manufacturer in India, has decided to put on hold its plans to establish a 1 GW solar cell manufacturing facility in the United States. The decision comes in response to on-going uncertainty surrounding federal policies on climate and energy investments. The solar cell manufacturing segment remains a crucial yet underdeveloped part of the solar supply chain, requiring significantly more capital investment compared to module assembly. While the United States has substantial capacity for module production, solar cell manufacturing has remained a bottleneck due to high costs and supply chain dependencies. The temporary suspension follows an executive order from the Trump administration that halted federal spending on climate and energy initiatives, creating widespread uncertainty in the industry. The lack of clarity on the future disbursement of tax credits under the US Inflation Reduction Act (IRA) has further contributed to hesitation among investors. Since the IRA’s passage in 2022, the US clean energy sector has witnessed significant investment announcements, but recent policy shifts have introduced ambiguity regarding its future implementation. Premier Energies had initially announced the factory plans in July 2024 as part of a joint venture with module manufacturer Heliene. The partnership aimed to source 1 GW of n-Type solar cells for Heliene’s module assembly operations in the United States. Currently, Heliene procures solar cells from Premier Energies’ Hyderabad facility for its module production unit in Mountain Iron, Minnesota. With the evolving regulatory landscape, Premier Energies intends to reassess its strategy once the policy direction becomes clearer. The company remains committed to expansion but will proceed based on a more stable market environment. News source: PV Magazine

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?