Premier Energies Limited, a leading Indian solar cell and module manufacturer, has clinched a significant international contract worth $19.95 million for solar power systems in the Republic of Benin, West Africa. This development marks a major milestone for the company in its global expansion efforts and contribution to sustainable energy solutions in emerging markets.

Contract Details

The contract, as disclosed in a press release by Premier Energies, encompasses a comprehensive solar electrification project in Benin. The scope of work includes:

• Installation of 750 rooftop solar systems at key socio-community facilities
• Deployment of over 4,400 high-efficiency solar streetlights
• Installation of 650 solar water heaters

The beneficiaries of this project include district police stations, educational institutions, health centers, and special border surveillance units across Benin.

Project Significance

This initiative is part of a national effort by the Government of Benin to expand access to reliable and sustainable clean energy. The project is expected to enhance community safety, improve healthcare services, bolster educational infrastructure, and promote overall energy sustainability in the West African nation.

Implementation and Financing

Premier Energies will execute the project in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The financing for this ambitious project has been secured through a Line of Credit from the Export-Import Bank of India (EXIM Bank) and the ECOWAS Bank for Investment and Development (EBID).

Management Commentary

Chiranjeev Saluja, Managing Director & CEO of Premier Energies, expressed his views on the contract, stating, "These projects are expected to enhance community safety, healthcare services, educational infrastructure and overall energy sustainability in the Republic of Benin. The contract award represents a strong endorsement of our operational capability and global competitiveness."

Saluja further emphasized the company's commitment, adding, "We are committed to delivering sustainable energy solutions empowering communities and advancing renewable energy in emerging markets."

Company Background

Premier Energies, a publicly listed company on the Indian stock exchanges, has established itself as one of India's largest vertically integrated solar cell and module manufacturers. With over three decades of industry experience, the company has built a reputation for innovation, quality, and sustainability in the renewable energy sector.

This international contract not only showcases Premier Energies' growing global footprint but also underscores India's increasing role in promoting sustainable energy solutions worldwide. As countries around the globe push for cleaner energy alternatives, companies like Premier Energies are well-positioned to capitalize on these opportunities while contributing to global sustainability goals.

Premier Energies Limited , a key player in the renewable energy sector, has announced a significant boost to its order book. The company's subsidiaries have secured multiple orders totaling INR 765.00 crore for solar modules and cells, marking a substantial win in the competitive solar energy market.

Order Details

The orders, received and accepted by Premier Energies International Private Ltd. and Premier Energies Photovoltaic Private Ltd., break down as follows:

Customer Base and Delivery Timeline

The orders come from a diverse customer base, including:

• 8 domestic customers
• 1 foreign customer

These one-time orders are scheduled to commence supply in July 2025, indicating a long-term commitment from the customers and confidence in Premier Energies' capabilities.

Company Integrity

Premier Energies has clarified that these transactions do not involve any related party dealings or interests from the promoter group, underlining the company's commitment to transparent business practices.

Market Implications

This substantial order inflow suggests a robust demand for solar energy products, both domestically and internationally. It also highlights Premier Energies' strong position in the solar manufacturing sector, capable of attracting significant contracts from multiple clients.

The successful procurement of these orders by Premier Energies' subsidiaries could potentially strengthen the company's market position and contribute to its future growth in the renewable energy sector. As the world continues to shift towards cleaner energy sources, such developments in the solar industry are likely to be closely watched by investors and industry analysts alike.