Premier Energies has approved and entered into a Joint Venture Agreement (JV Agreement) with Nuevosol Energy (Nuevosol) for investing in Premier-Green Aluminium (JV Company) for the purpose of business of foundry, extrusion, of aluminium frames for solar photovoltaic modules. As per the JV agreement, Premier Energies will hold 80% of Equity in the proposed JV Co. and the balance 20% will be held by Nuevosol.
The proposed JV Co. will set up State of the Art Manufacturing facility to produce high quality aluminium frames for solar photovoltaic modules to meet the domestic and captive requirements.
Premier Energies manufactures integrated solar cell and solar panel.
