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Indian, Canadian firms partner to establish U.S.-based solar cell manufacturing facility
Both companies see the new venture as a strategic move to strengthen the U.S. solar supply chain.
Solar energy plant / Image- premierenergies.com
Heliene, Inc., a Canada-based solar energy firm, and Premier Energies, an Indian solar energy company, have announced a joint venture to establish a solar cell manufacturing facility in the United States.
The new facility is slated to produce 1 GW of NTyp cells annually, addressing the increasing demand for U.S.-made solar components.The collaboration taps into incentives and tax credits introduced under the Inflation Reduction Act (IRA) of 2022, which seeks to boost domestic clean energy manufacturing.
Martin Pochtaruk, CEO of Heliene, emphasized the significance of the timing. “With demand for U.S.-made modules and components growing, now is the perfect time to embark on this joint venture,” Pochtaruk said. “Our new facility will establish us as leaders in the effort to friend-shore the U.S. solar manufacturing supply chain.”
Currently, Heliene sources solar cells from Premier’s Hyderabad facility for its module manufacturing in Mountain Iron, Minnesota. The new U.S.-based facility will enhance this partnership and provide a more reliable supply chain for solar developers seeking additional tax credits.
Chiranjeev Saluja, managing director at Premier Energies, expressed optimism about the joint venture. “This venture will leverage the best of both companies’ resources to tap the largely unaddressed demand for U.S. cell manufacturing,” Saluja said.
Under the agreement, Heliene will manage construction, project management, human resources, financial resources, facility operations, supply chain, logistics, and regulatory compliance. Premier Energies will contribute cell technology engineering, operational expertise, manufacturing equipment selection, financial resources, raw material vendor relationships, and supply agreements management.
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