Premier Energies and Nuevosol form joint venture to manufacture aluminium frames for solar modules
Premier Energies Limited has entered into a strategic joint venture with Nuevosol Energy Private Limited to invest in Premier-Green Aluminium Private Limited, a company dedicated to manufacturing aluminium frames for solar photovoltaic modules. This collaboration marks a significant step in Premier Energies' expansion strategy, aiming to strengthen its presence in the solar manufacturing sector by focusing on high-quality aluminium components.
The new joint venture company, Premier-Green Aluminium, will operate within the Indian market and focus on foundry and extrusion processes to produce aluminium frames specifically for solar modules. These components are essential to the structural integrity and performance of solar panels, making their production a crucial aspect of the renewable energy value chain.
Under the terms of the joint venture agreement, Premier Energies will hold an 80% equity stake in the new entity, while Nuevosol will own the remaining 20%. Premier-Green Aluminium, currently a wholly owned subsidiary of Premier Energies, will transition into a joint venture structure following this agreement. The board of the joint venture will consist of five directors, with four nominated by Premier Energies and one by Nuevosol.
The collaboration aims to establish a state-of-the-art manufacturing facility to support both domestic demand and internal supply requirements. The venture is positioned to benefit from the combined technical and operational strengths of both Premier Energies and Nuevosol, aligning with India's broader push for local manufacturing under the Make-in-India initiative.
This development reinforces Premier Energies' commitment to scaling its operations across the solar value chain, while also ensuring a reliable and quality-controlled supply of key module components.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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