India’s Premier Energies Targets Europe and US Solar Buyers Amid Supply Chain Shift

India’s Premier Energies is shifting its business focus towards export markets as global solar buyers diversify supply chains away from China, as per Reuters report.  

The company, which has been largely domestic focused, is preparing to tap demand from Europe and the United States. 

Premier Energies Plans Export Expansion to Europe and US 

Premier Energies currently has a fully domestic order book booked for the next 12 to 18 months. However, the company plans to increasingly serve overseas markets as additional manufacturing capacity becomes operational. 

The company is working on a US-based solar cell plant in partnership with Heliene. It is also evaluating opportunities in Europe, where certain tenders exclude Chinese products. The shift reflects procurement changes and diversification strategies adopted by several Western buyers. 

Rising tariff concerns and dependence on a single manufacturing hub have encouraged companies in Europe and the US to establish alternative supply chains, creating space for Indian solar manufacturers. 

Reduction In Silver Usage in Solar Cells 

Premier Energies has reduced silver usage in its solar cells by about 68% over the past 5 years through redesigns in cell technology. The company expects silver consumption to fall by a further 30% over the next 5 years. 

Silver is a critical component in solar cells, but price volatility has impacted production costs. The company stated that rising input costs have accelerated efforts to lower dependency on the metal. 

Read More: Waaree Energies Share Price Gains Amid Clarification on Energy Storage Expansion! 

Research On Copper as a Replacement 

The company is supporting research initiatives aimed at replacing silver entirely with copper paste. It is collaborating with universities and suppliers across Europe and Asia. Initial results from these efforts are expected within 12 to 18 months. 

If the technology proves viable, only minor equipment modifications would be required to implement copper-based solutions in manufacturing facilities. 

Premier Energies Share Price Performance  

As of February 20, 2026, at 3:30 PM, Premier Energies share price on NSE was closed at ₹768.75 up by 2.12% from the previous closing price. 

Conclusion 

Premier Energies is repositioning its strategy towards export markets in Europe and the US while continuing domestic operations. At the same time, it is focusing on reducing silver dependency through technological redesign and copper based research initiatives. 

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