09 Oct , 2024 By : Debdeep Gupta
Shares of Premier Energies saw a sharp uptick after rallying 7 percent to Rs 1,085 after it announced a significant step forward in its renewable energy efforts. The company’s subsidiary, Premier Energies International, has finalized a solar module supply agreement with BN Hybrid Power-1, a special-purpose vehicle under BrightNight India.
As part of this agreement, Premier Energies will deliver 173.35 MWp of advanced n-type TOPCon bifacial solar modules for BrightNight's ambitious 300 MW renewable power project. This project aims to create a firm and dispatchable energy supply through a combination of solar, wind, and energy storage technologies, and it will be based in the Barmer district of Rajasthan.
The first shipment of these modules is set to begin in July 2025. This partnership underscores Premier Energies’ commitment to expanding its footprint in the renewable energy sector and highlights the growing demand for innovative solar solutions in India, it said in a regulatory filing.
Last month, the Uttar Pradesh Department of Agriculture awarded a contract to Premier Energies relating to the supply, installation, and commissioning of 8,085 solar water pumping systems across various districts in the state, with a comprehensive 5-year warranty. The order is set to be completed by March 2025.
The first shipment of these modules is set to begin in July 2025. This partnership underscores Premier Energies’ commitment to expanding its footprint in the renewable energy sector and highlights the growing demand for innovative solar solutions in India, it said in a regulatory filing.
Last month, the Uttar Pradesh Department of Agriculture awarded Premier Energies a contract for the supply, installation, and commissioning of 8,085 solar water pumping systems across various districts in the state, with a comprehensive 5-year warranty. The order is set to be completed by March 2025.
0 Comment