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Premier Energies’ subsidiaries receive orders worth Rs 5.6 bn

India, News

Premier Energies International and Premier Energies Photovoltaic, subsidiaries of Premier Energies, have received and accepted multiple orders totalling Rs 5.6 billion.  Two large independent power producers (IPPs) and others have awarded the contracts. These orders comprise Rs 5.13 billion for solar modules and Rs 470 million for solar cells.  The supply of these modules will commence in December 2024 and is expected to conclude by May 2025.

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Premier Energies signs MSA with BN Hybrid Power-1 for Rajasthan project

India, News

Premier Energies International Private Limited, a subsidiary of Premier Energies Limited, has entered into a module supply agreement (MSA) with BN Hybrid Power-1 Private Limited, a special purpose vehicle of BrightNight India.  Under this agreement, Premier Energies will supply 173.35 MWp of solar modules featuring Topcon technology for BN Hybrid Power-1’s 300 MW renewable energy project in Barmer, Rajasthan. The supply of these modules is set to begin in July 2025.

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Premier Energies secures Rs 2.15 billion order for solar water pumping in Uttar Pradesh

India, News

Premier Energies Limited has received a Rs 2.15 billion order from the Department of Agriculture, Uttar Pradesh, for the supply, installation, and commissioning of 8,085 solar water pumping systems across various districts in the state. The project, which includes a five-year comprehensive warranty, is scheduled for completion by March 2025. This initiative is part of component-B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM).

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Premier Energies sets price band for Rs 28.3 billion IPO

India, News

Premier Energies Ltd, a solar cell and module manufacturer, has set a price band of Rs 427-450 per share for its Rs 28.3 billion initial public offering (IPO). The IPO will open from August 27 to August 29, with bidding for anchor investors starting on August 26. The offering includes a fresh issue of shares worth Rs 12.91 billion and an offer-for-sale (OFS) of up to 34.2 million shares, valued at Rs 15.39 billion at…

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Premier Energies receives approval for floating IPO

India, News

Premier Energies Limited, along with three other companies, has received approval from the Securities and Exchange Board of India (Sebi) to raise funds through Initial Public Offerings (IPOs), according to a recent update from the markets regulator. Premier Energies, a prominent solar cell company, plans to raise Rs 15 billion through its IPO. This offering includes a fresh issue of equity shares worth Rs 11.68 billion and an Offer For Sale (OFS) of up to…

Power Sector News Roundup for November 5, 2024

Power Bytes

Global: ACWA Power secures $240 million IFC loan for Uzbekistan’s RE projects HydroWing and PLN to develop Indonesia’s first tidal energy plant Huasun Energy to supply 1 GW of HJT solar modules for Power China’s offshore PV project Avantus sells Catclaw Solar and Energy Storage Project to DESRI India: Premier Energies’ subsidiaries receive orders worth Rs 5.6 billion Gensol Engineering secures Rs 7.8 billion solar EPC order in Maharashtra NTPC and ONGC partner to drive…

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Heliene partners with NorSun for domestic wafer supply in the U.S. solar manufacturing expansion

Global, News

Minnesota-based solar panel manufacturer Heliene has secured a domestic wafer supply by signing a multi-year contract with Norwegian company NorSun. This partnership follows Heliene’s recent announcement of its collaboration with Premier Energies to produce silicon solar cells in Minnesota. Heliene plans to reach an annual capacity of 1 GW at its Minnesota cell factory, with the start date still to be announced. NorSun, which has been producing silicon wafers in Norway since 2007, plans to…

India

News Subsections News India Global Socomec launches compact automatic transfer switching equipment September 10, 2024 Socomec India has unveiled its latest innovation, the “ATyS a M” pre-programmed Automatic Transfer Switching Equipment (ATSE), designed for commercial establishments, high-rise buildings, industries, and sectors like healthcare and hospitality. This… NCT approves TBCB route for Rs 100 billion interstate transmission projects September 10, 2024 The National Committee on Transmission (NCT), in its 22nd meeting on August 23, 2024, recommended…