Sino-American Silicon Products Inc. (SAS) and Premier Energies together set up a solar wafer factory in India with a yearly capacity of 2 GW. The factory was built to cut polysilicon blocks into thin wafers used to make solar cells. SAS brought wafer manufacturing expertise, while Premier Energies contributed large-scale manufacturing capability. SAS planned to acquirea 26% equity in the venture after subscription. The initiative aligned with Indian government policies supporting solar manufacturing. Premier Energies had the ability to produce 8.4 GW of solar cells and 11.1 GW of solar modules, including projects still being built. The partnership aimed to improve India’s solar supply chain and meet local demand.
SAS and Premier Energies set up 2 GW wafer plant in India
Premier Energies and SAS co-invested in a 2 GW solar wafer plant in India to enhance local supply, with SAS acquiring a 26% stake post-subscription.
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