Premier Energies Bags Rs 1700cr Solar Module Order From NTPC

Premier Energies Bags Rs 1700cr Solar Module Order From NTPC. Photo by-Freepik

Premier Energies, an Indian integrated solar cell and module manufacturer, has been awarded a 608-megawatt (MW) DCR (Indigenous Solar Cell and Module) Bifacial Solar PV Modules supply order from NTPC Limited, a public sector undertaking owned by the Government of India. NTPC is India’s largest power utility with an installed capacity of 73,824 MW (including JVs), with plans to become a 130 GW company by 2032.

The order, valued at approximately Rs. 1700 crore, is for supplying Bifacial solar PV modules for NTPC’s Nokh Solar PV Project in Rajasthan. The supply is expected to be completed in a span of 9 months.

Premier Energies’ Bifacial Solar PV Modules are manufactured at the Company’s 40-acre facility in Hyderabad and are designed to maximize energy generation and enhance overall project efficiency and output.

With an annual module capacity of 4GW (& cell capacity of 2GW), the Company is dedicated to developing world-class indigenous solar cells and modules and significantly contributing towards the ‘Make in India’ manufacturing initiative, the firm said in a media statement today.

Chiranjeev Saluja, Managing Director of Premier Energies, said, “Our Collaboration with NTPC is a significant milestone. As a solar pioneer, our journey over the years echoes the story of precision in product quality, consistent performance and the rock-solid reliability ingrained within our Solar PV Modules. Anchored by our commitment to innovation, sustainability and exceeding customer expectations, we take pride in amplifying India’s leadership role in revolutionizing the global renewable energy landscape.”

Premier Energies is India’s First LEED Gold Certified Solar Manufacturing Company and has been rated as a ‘Top performer’ in the global PV Evolution Labs (PVEL)’ 2023 PV module reliability scorecard. Its Hyderabad facility is equipped with automated mono PERC manufacturing line (with a cell efficiency of 23.3%), and is capable of handling upcoming technologies of TOPCon cells with larger sizes such as M10, M12 and Multi-Busbar cells. It possesses a fully-automated module line, for handling half-cut cells and bifacial modules.