Premier Energies Limited, a solar cell and module manufacturer, has entered into a joint venture with Nuevosol Energy Pvt. Ltd. to manufacture aluminium-based frames and components used in solar modules. As part of the agreement, Premier Energies will hold a majority stake in the venture. The facility will have an annual production capacity of 36,000 metric tonnes and is expected to begin commercial operations in the financial year 2027.
The new manufacturing plant will be established in Seetharampuram, Telangana, and will include extrusion and anodizing capabilities. The venture is intended to support Premier Energies’ solar manufacturing operations and enhance supply chain efficiency.
“We are pleased to announce our partnership with Nuevosol Energy, which reflects our commitment to building a resilient and vertically integrated solar manufacturing ecosystem in India. This JV enhances our control over module component quality, ensures supply chain reliability, and supports the broader Make-in-India initiative. The JV is well positioned to meet growing industry demand and contribute to India’s renewable energy goals in a rapidly expanding market.” said Chiranjeev Saluja, Managing Director of Premier Energies.
“This joint venture marks an exciting new chapter for Nuevosol as we collaborate with Premier Energies to drive localized manufacturing of critical solar components. By combining our engineering expertise with Premier’s scale and vision, we aim to deliver high-quality, precision-engineered aluminium frames that strengthen India’s solar manufacturing value chain and reduce reliance on imports.” said Himamsu Popuri, Managing Director and CEO of Nuevosol Energy.
Premier Energies Limited is a publicly listed solar cell and module manufacturer with a total capacity of 11.1 GW, including 5.8 GW currently under construction. Nuevosol Energy Pvt. Ltd., founded in 2011, manufactures solar PV mounting structures with a focus on stainless steel and aluminium components. The company serves both domestic and international markets.