Premier Energies Ltd, an integrated solar cell and module manufacturer, has signed a 74:26 joint venture agreement with Taiwan-based Sino-American Silicon Products Inc. (SAS), the parent company of GlobalWafers, the world’s third-largest manufacturer of semiconductor silicon wafers, with expertise in the research, development, and manufacturing of silicon wafers.
The JV will establish a 2 GW per annum state-of-the-art manufacturing plant in India. It will slice polysilicon ingots into silicon wafers for use in the production of PV cells and modules. The collaboration aims to bring together Premier Energies’ large-scale manufacturing capabilities and SAS’ expertise in semiconductor wafer manufacturing.
“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,” said Chiranjeev Saluja, managing director of Premier Energies.
Doris Hsu, chairperson and CEO of Sino-American Silicon Products Inc. and GlobalWafers, stated, “SAS and Premier Energies will bolster a critical aspect of the solar supply chain among various industry in India domestic and overseas markets. Furthermore, this can enhance both operational resilience and seize the strong demand of Indian market.”
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