Premier Energies to invest Rs 4.83 billion to expand manufacturing capacity to 1.5 GW

Solar manufacturer, Premier Energies has announced that it will be setting up a new module manufacturing facility in E-city,  Hyderabad. The project will have a module manufacturing capacity of 1.5 GW and will be set up on 25 acres of land. The company has invested Rs 4.83 billion in the facility which will produce MCCE textured multi-crystalline cells as well as Mono PERC cells. Further, the new plant facilities are designed to produce the latest generation products by incorporating Monocrystalline PERC technology using larger wafers of 182 mm and 210 mm. The plant is expected to be commissioned in the next two months.

Premier Energies also owns and operates about 250 MW of solar power plants across India as an independent power producer. These plants are monitored and maintained by an in-house O&M team.

In recent months, solar companies have stepped up their efforts in increasing domestic manufacturing capacity. In July 2020, ReNew Power announced that it would invest Rs 15-20 million to set up a 2 GW solar cell and module manufacturing facility in India. In November 2020, Adani Solar announced that it would expand its cell and module manufacturing capacity to add another 2 GW which is set to come online in 2021.

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