Mumbai, May 23 -- Premier Energies Ltd, a leading integrated solar cell and module manufacturer, has entered into a 74:26 joint venture with Taiwan's Sino-American Silicon Products Inc. (SAS), the parent company of GlobalWafers-the world's third-largest producer of semiconductor silicon wafers.
The partnership will establish a state-of-the-art 2 gigawatt per annum manufacturing plant in India. The facility will process polysilicon ingots into silicon wafers used in photovoltaic (PV) cells and modules.
This collaboration brings together Premier Energies' high-volume production capabilities and SAS's global expertise in silicon wafer technology, aiming to boost domestic solar manufacturing in line with India's Make-in-India initiative.
"This marks our backward integration into solar wafers," said Chiranjeev Saluja, Managing Director of Premier Energies. "Our joint venture with SAS will enable high-quality, locally manufactured solar wafers and reduce dependence on imports."
Doris Hsu, Chairperson and CEO of SAS and GlobalWafers, added, "This partnership will reinforce a vital part of the solar value chain and meet rising demand in India and global markets while enhancing supply chain resilience."
Published by HT Digital Content Services with permission from Construction World.