Premier Energies share price surged after the company announced an agreement to supply solar modules to BN Hybrid Power-1, a subsidiary of BrightNight India. Premier Energies stock opened the trading session at Rs 1030 and touched intraday high of Rs 1087 before closing the session at Rs 1076 (up by 6.11 percent). The stock has given decent returns to medium and long term investors.

Premier Energies witnessed a substantial surge in its stock value, rallying 7% to Rs 1,087 following a major development in its renewable energy initiatives. The company's subsidiary, Premier Energies International, signed a landmark agreement to supply solar modules to BN Hybrid Power-1, a subsidiary of BrightNight India, for an ambitious renewable energy project in Rajasthan. The project, aimed at creating a dispatchable energy supply through solar, wind, and storage technologies, underscores the increasing demand for innovative energy solutions in India. Additionally, Premier Energies continues to expand its influence in the renewable sector, with recent contract wins and its successful IPO debut fueling its growth trajectory.

Significant Agreement with BN Hybrid Power-1

Premier Energies expands renewable energy efforts.
Premier Energies has entered a pivotal agreement with BN Hybrid Power-1, a special purpose vehicle under BrightNight India. This deal marks a significant step in the company’s renewable energy portfolio, as Premier Energies will supply 173.35 MWp of n-type TOPCon bifacial solar modules. These advanced modules are crucial to BrightNight's 300 MW renewable energy project located in Rajasthan’s Barmer district.

Innovative energy supply strategy.
The project is designed to ensure a firm and dispatchable energy supply by integrating solar, wind, and energy storage technologies. This approach reflects the shift towards hybrid energy systems, meeting India's growing need for reliable renewable power solutions.

Timeline for Module Delivery

July 2025 marks the start of module shipments.
The solar modules are scheduled for delivery beginning in July 2025, a key milestone for Premier Energies. The company’s ability to meet this deadline will be critical in supporting BrightNight’s renewable energy ambitions and further solidifying Premier Energies' role as a leader in solar solutions.

Strategic Growth in the Renewable Sector

Premier Energies strengthens its position with new contracts.
Premier Energies' recent contract with the Uttar Pradesh Department of Agriculture highlights its strategic growth. The company will supply, install, and commission over 8,000 solar water pumping systems across the state, with the project expected to be completed by March 2025. This agreement, coupled with a five-year warranty, demonstrates the company's commitment to delivering reliable renewable energy solutions.

Expanding footprint in domestic markets.
This contract follows a series of successful initiatives, reinforcing Premier Energies’ expanding footprint in India’s renewable energy sector. The growing demand for solar solutions positions the company as a key player in the country’s clean energy transition.

Impressive Market Debut

Premier Energies sees a strong IPO performance.
Premier Energies made a notable debut on the primary market, with shares listing at Rs 991—120% above its IPO issue price of Rs 450 per share. The company’s strong market entry highlights investor confidence in its long-term potential, particularly as it continues to capitalize on the demand for solar and renewable energy technologies.

Premier Energies' Solar Expertise

Comprehensive solar solutions from a growing company.
Specializing in the manufacturing of solar cells and both monofacial and bifacial modules, Premier Energies also offers EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) services. With five production facilities in Hyderabad, Telangana, the company is well-positioned to scale operations in line with India’s renewable energy needs.