Premier Energies Suspends Plans for US Solar Cell Factory

06 Feb 2025 CW Team

Premier Energies, a leading solar manufacturer in India, has decided to put on hold its plans to establish a 1 GW solar cell manufacturing facility in the United States. The decision comes in response to on-going uncertainty surrounding federal policies on climate and energy investments.

The solar cell manufacturing segment remains a crucial yet underdeveloped part of the solar supply chain, requiring significantly more capital investment compared to module assembly. While the United States has substantial capacity for module production, solar cell manufacturing has remained a bottleneck due to high costs and supply chain dependencies.

The temporary suspension follows an executive order from the Trump administration that halted federal spending on climate and energy initiatives, creating widespread uncertainty in the industry. The lack of clarity on the future disbursement of tax credits under the US Inflation Reduction Act (IRA) has further contributed to hesitation among investors. Since the IRA’s passage in 2022, the US clean energy sector has witnessed significant investment announcements, but recent policy shifts have introduced ambiguity regarding its future implementation.

Premier Energies had initially announced the factory plans in July 2024 as part of a joint venture with module manufacturer Heliene. The partnership aimed to source 1 GW of n-Type solar cells for Heliene’s module assembly operations in the United States. Currently, Heliene procures solar cells from Premier Energies’ Hyderabad facility for its module production unit in Mountain Iron, Minnesota.

With the evolving regulatory landscape, Premier Energies intends to reassess its strategy once the policy direction becomes clearer. The company remains committed to expansion but will proceed based on a more stable market environment.

News source: PV Magazine

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..