Premier Energies halts plans for US solar cell factory

Premier Energies halts plans for US solar cell factory India’s Premier Energies says it has suspended its plans to build a factory in the United States as it waits for “the regime in the US to settle down and be clear on what they want to do.” February 4, 2025 Ryan Kennedy Markets Modules & Upstream Manufacturing Policy United States Image: Heliene Share From pv magazine USA Premier Energies, a solar manufacturer in India, said it will halt plans to open a 1 GW solar cell manufacturing facility in the United States. Solar cell manufacturing remains a critical, under-supplied leg of the solar supply chain and requires more capital than module assembly, where the United States has significant capacity. The pause comes as the Trump administration’s utive order to halt federal spending on climate and energy has caused widespread confusion and uncertainty in the industry. It remains unclear what the administration’s plan is for the disbursement of US Inflation Reduction Act tax credits. Since its passage in 2022, an unprecedented amount of investment in US clean energy manufacturing has been announced. Premier Energies said it still has plans, but they are now on hold until clarity returns to the market. “We are waiting for the regime in the US to settle down and be clear on what they want to do. As of now, we have only heard and read that the IRA has been paused,” said Chiranjeev Saluja, managing director of Premier Energies. The factory plans were announced in July 2024. Module manufacturer Heliene planned to start a joint venture with Premier Energies to source 1 GW of n-Type cells for its module assembly operations in the United States. Heliene currently sources solar cells from Premier’s Hyderabad facility for its module manufacturing operations in Mountain Iron, Minnesota. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com. A 920% tariff on anode materials from China ‘would throw the economics of U.S. storage out of whack’ 03 February 2025 Battery installations in the U.S. are threatened by the imposition of anti-dumping, ervailing duties on active anode materials. The supply chain...This content was collected from the Internet. If you want to it, please contact grace solar management.