Premier Energies Limited, one of India’s top integrated solar cell and module manufacturers, has entered into a strategic technology collaboration with Germany-based RENA Technologies GmbH. This partnership is aimed at pushing the boundaries of high-efficiency solar cell manufacturing through the development of advanced wet chemical processes.
As of 10:05 AM on the day of the announcement, Premier Energies’ share price was up by 2.17%, reflecting positive investor sentiment towards the move.
The collaboration primarily centres around advancing N-Type solar cells and tandem solar cell technologies such as TOPCon and silicon/Perovskite Tandem cells. These technologies represent the next frontier in solar innovation, promising greater efficiency and lower production costs.
Premier Energies brings to the table its large-scale solar manufacturing capacity in India, while RENA contributes its global leadership in wet chemical process equipment. This synergy is expected to result in the following:
Sudhir Reddy, Director and Chief Strategy Officer at Premier Energies, highlighted that this partnership places the company “at the forefront of the N-Type efficiency curve” and sets the foundation for transitioning to tandem cell development.
Premier Energies’ Chief Production Officer Chandra Mauli Kumar stated, “For India to compete at the cutting edge of solar technology, closer collaboration with equipment manufacturers is critical. This partnership will help us achieve higher throughput, better efficiencies, and a lower manufacturing carbon footprint.”
RENA Technologies CEO Peter Schneidewind said, “This is a great opportunity for RENA to work closely with a leading Indian cell manufacturer using our latest tools to deliver better products, reduce consumables, and lower the carbon footprint of solar cell production. We look forward to optimising outcomes together.”
Premier Energies is a publicly listed Indian company with a total capacity of 8 GW for solar cells and 9.13 GW for solar modules, a significant portion of which is under construction. Recognised for its commitment to innovation and sustainability, it is also certified as a “Great Place to Work.”
Headquartered in Germany, RENA Technologies GmbH specialises in wet chemical equipment and solutions for industries ranging from semiconductors to solar. With a strong emphasis on R&D and customisation, RENA plays a critical role in driving sustainability and efficiency across global production lines.
The Premier-RENA partnership signals a forward-looking step in solar innovation, strengthening India’s clean energy ambitions and further aligning global capabilities for a greener future.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 15, 2025, 3:46 PM IST
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