Heliene is a solar panel supplier operating in North America, while Premier Energies is the second largest solar cell manufacturer in India.
Heliene, a solar panel supplier serving North America, and Premier Energies, a solar cell manufacturer based in India, have announced a joint venture to produce solar cells in the United States.
The solar cell manufacturing facility is expected to produce an annual total capacity of 1 GW of n-type cells to meet the solar cell needs of Heliene and Premier.
Heliene currently sources solar cells from Premier’s facility in Hyderabad for use in module production at its Mountain Iron, MN site.
“Premier Energies has been a valued partner of Heliene for many years and we share a commitment to providing the highest quality and most reliable products to solar customers. With demand for US-made modules and components growing, this is the perfect time to begin the next phase of our collaboration with this joint venture,” said Martin Pochtaruk, CEO of Heliene.
Within the joint venture, Heliene will contribute to construction, project management, human resources, finance and management, facilities operations, supply chain and logistics, and regulatory expertise. Premier will contribute cell technology engineering and operational expertise to the cell manufacturing process, production equipment selection, financial resources, raw material supplier relationships and management of supply agreements.
The Inflation Reduction Act of 2022 provides tax credits and incentives designed to encourage clean energy production in the United States. Many major companies have announced solar panel production facilities, but earlier stages in the supply chain, such as raw polysilicon, ingots, wafers and solar cell production facilities, have lagged behind, creating gaps in the domestic supply chain. The Heliene/Premier partnership brings critical solar cell manufacturing capacity to U.S. shores.
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