Premier Energies Secures $ 19.95 Mn Solar Electrification Orders in Benin

Hyderabad-based Premier Energies recently won USD 19.95 Mn contracts to supply and install solar power systems in the Republic of Benin, West Africa. The scope of the contracts covers the installation of 750 rooftop solar systems at key socio-community facilities, including district police stations, educational institutions, health centers, and special border surveillance units.

In a press release, the company said it would also install over 4,400 high-efficiency solar streetlights and 650 solar water heaters. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable, clean energy. Premier Energies will implement the project in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water, and Mines of the Republic of Benin.

About The Project

Financing for the project is secured through a Line of Credit from the Export-Import Bank of India (EXIM Bank) and the ECOWAS Bank for Investment and Development (EBID).

“These projects are expected to enhance community safety, healthcare services, educational infrastructure, and overall energy sustainability in the Republic of Benin. The contract award represents a strong endorsement of our operational capability and global competitiveness,” said Chiranjeev Saluja, Managing Director & CEO, Premier Energies. 

Premier Energy US Expansion Plans

Currently, Premier Energies is cautiously eyeing the international market, especially as the United States (US) manufacturing market is undergoing turmoil in terms of policies and tariffs. In the last investor call, when enquired about the company's plan to re-enter or scale exports, with the growing global demand and trade policy, the company's management said, "We do not have the capacity to sell into the export market. Our capacities are all sold out for the Indian market."  

In this context, it's worth noting that due to the turmoil in the US manufacturing market in terms of policies, the management has decided to focus on the domestic Indian market, given the current production levels. But the company's announcement 

While current production capacity remains fully committed to the domestic Indian market, the Benin project marks Premier Energies’ first major international expansion. Successful execution in Benin could pave the way for future international collaborations. Premier Energies’ experience in Africa may serve as a springboard for selective overseas projects, reinforcing India’s role in supporting renewable energy initiatives worldwide.