Strategic Partnership With German Manufacturer Strengthens Premier Solar Systems

Shortly after a visit by Angela Merkel, the Federal Chancellor of Germany, the Indian solar industry sector has been given a major boost by the announcement of a strategic partnership between an Indian and a German company - the solar module manufacturer Premier Solar Systems (Hyderabad) has concluded a supply agreement covering the next four years with SCHOTT Solar GmbH of Alzenau, Germany.

The German industry leader will supply Premier Solar Systems with OEM thin film plates and Crystalline cells, which Premier will then convert into Solar modules. These modules of Premier Solar are then incorporated into solar systems - for example solar power packs, solar water pumping systems, street lightning systems and home lighting systems - are marketed by Premier Solar Systems in India, Asia and Africa.

Both companies had already agreed on the details of the cooperation by the beginning of 2007; Premier Solar Systems commenced incorporating the ASI OEM thin-film plates from SCHOTT Solar in October. The special feature of these OEM modules from Germany: SCHOTT Solar is the only company able to supply such variable OEM modules in a form that allows Premier Solar Systems to incorporate these into its products in any way it desires.

Boost for the Indian solar sector

Solar technology is of enormous importance to India's economic development. The large amount of solar insolation on the sub-continent - experts speak of 2,300 to 3,200 hours of sun annually - offers a gigantic potential for production and sales of solar technology solutions. It's exactly this potential that SCHOTT Solar and Premier Solar Systems aim to exploit with this strong partnership.

"We're profiting several times over from this partnership with SCHOTT Solar, because we're able to offer our customers both crystalline modules and ASI products in SCHOTT Solar quality from a single source" says Mr. C. Saluja, Managing Director of Premier Solar Systems. He's convinced that "by using SCHOTT Solar OEM products, every module we produce is of a quality that conforms to IEC. We can only achieve this high product quality with the help of the market leader in photovoltaic solar technology - SCHOTT Solar."

Michael Harre, Member of the Management Committee at SCHOTT Solar, adds "With Premier Solar Systems, we're delighted to be working together with a partner who, just as SCHOTT Solar, places great emphasis on quality and customer focus."

Premier Solar Systems Pvt Ltd, based in Hyderabad, AP, India, was incorporated in 1995. Today the company runs a state-of-the-art manufacturing facility with an installed production capacity of 15 MW. Premier Solar specializes in manufacturing of high performance solar panels mainly used for off-grid applications and is committed to bringing cost effective clean energy solutions to its markets. The company has a presence in markets of around 8 countries - in parts of Europe, Africa and South East Asia. Through a well developed network of offices, customer support centers and distributors, Premier Solar is able to service its customers professionally and promptly.

600450 Strategic Partnership With German Manufacturer Strengthens Premier Solar Systems

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