July 3, 2024

Premier Energies Secures 350 MW Solar Module Agreement with Apraava Energy

Premier Energies Limited (PEL), one of India’s largest integrated solar cell and module manufacturers, has bagged a supply contract from Apraava Energy to supply 350 MW module.

The association is to enhance solar energy project development in the country. The solar PV modules supplied will be used for Apraava Energy’s Greenfield solar project in Rajasthan towards India’s vision of a clean energy and the Government renewable energy targets.

Project Scope and Technical Specifications

As the PEL managing director Chiranjeev Singh Saluja explained, it ‘will help Apraava Energy increase efficacy and output’.

while the director of Apraava Energy, Naveen Munjal, emphasised that ‘India needs self-reliance in solar energy and sourcing modules from PEL, a domestic manufacturer, will be key to the development of our renewable energy ecosystem’.

Premier Energies will offer its solar PV modules to Apraava Energy’s project to be set up in Rajasthan. The deployment will strengthen Apraava Energy’s climate positive portfolio to meet India’s sustainable and clean energy goals.

Such financing by development financial institutions in clean energy projects will make solar energy more affordable and support stronger and more sustainable energy systems globally.

These modules’ specifications are written with unadulterated techno-goodness down to the last detail, and their characteristics suit them well to any comprehensively scaled world.

Impact on India's Renewable Energy Goals

The pact is the latest milestone in India’s renewable energy endeavors and helped expand the solar power capacity of the country, which is on a mission to become less reliant on fossil fuels and reduce greenhouse gas emissions.

Chiranjeev Singh Saluja, the Managing Director of PEL, says that this set-up would enable Apraava Energy to run more effectively and produce more amounts of power.

“Only when we use domestically fabricated modules, we will be able to build the ecosystem of renewable energy and move India forward economically as well,” said Naveen Munjal, director of Apraava Energy, an independent power producer.

Future Strategic Importance

Their venture showcases the way forward for future renewable energy projects across India. It shows the prospect of domestic manufacturing being sufficiently large-scale to support industrial-scale solar projects, and to spur technological evolution and innovation in renewable energy.

This collaboration is likely to attract more investments and encourage sustainability throughout industries and establish India as a front-runner in the world of renewable energy.

Solar Infrastructure in Rajasthan

Rajasthan is growing rapidly as a centre for renewable energy, with a spate of major solar projects, including a government drive to enhance its solar manufacturing sector.

An NHPC 300 MW solar power plant project in Bikaner, estimated to come up in 2024, will annually produce 750 million units of green energy and save more than 18 000 million metric tons of carbon dioxide production over its lifetime.

Backed by a Power Usage Agreement with a public-sector utility company – in this case, the Punjab State Power Corporation Limited (PSPCL), part of the Atma Nirbhar Bharat (Self-reliant India) initiative – it is commercially available for any consumer at competitive tariffs.

Additionally, a tender of 2000 MW solar power project has been now floated by NTPC Renewable Energy Limited at Barmer in Rajasthan to further strengthen the renewable energy potential in India and the economic development in the region.

Reduced costs for solar modules, plus government support in the form of policy incentives and financial subsidies have made such projects attractive and feasible. These, among other efforts, are enabled by Rajasthan’s overall ambition of strengthening its renewable energy portfolio to meet the targets of achieving 90 GW of renewable energy capacity by 2030: with 65 GW of this to be built with Solar PV Technology.

With its abundant sunlight and supportive policy framework, Rajasthan can use its ample sunlight to lead India’s solar energy goals, creating a brighter vision for a green energy future of the country.

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