SAS has recently entered into a strategic partnership with India’s Premier Energies to establish a joint venture in India, focusing on manufacturing high-quality solar wafers.

The initial production capacity of the collaboration is planned at 2GW, with products primarily targeting India’s domestic market to alleviate local demand pressures for solar wafers. The venture also aims to serve overseas markets amid geopolitical dynamics, with plans to further expand capacity in alignment with Indian government policies.

India has emerged as one of the world’s fastest-growing solar markets, benefiting from abundant solar resources, long sunshine hours, and high solar irradiance. Rapid economic growth has driven surging energy demand, prompting the Indian government to prioritize solar energy as a clean, renewable resource. Through policy incentives and infrastructure development, the government has attracted substantial domestic and foreign investments, solidifying India’s role as a pivotal player in the global green supply chain.

Premier Energies, India’s second-largest integrated manufacturer of solar cells and modules, has demonstrated robust market performance since its listing in 2024, advancing aggressive capacity expansion plans. The company currently operates 8.4GW of solar cell capacity (including 6.4GW under construction) and 11.1GW of module capacity (including 5.8GW under construction).

The partnership between SAS and Premier Energies seeks to leverage complementary strengths: Premier Energies’ large-scale manufacturing capabilities in solar cells and modules, paired with SAS’s vertically integrated supply chain spanning raw material procurement, production, and distribution. This collaboration aims to strengthen India’s domestic supply chain resilience while exploring overseas markets under geopolitical uncertainties, enhancing both companies’ risk resistance and operational flexibility amid evolving global trade policies.