Premier Energies Eyes FY27 For BESS, Inverters

Indian solar module and cell manufacturer, Premier Energies, has now eyed FY27 for starting its proposed manufacturing of Battery Energy Storage Systems (BESS) and solar inverters. The firm, considered an early mover in the country to commission solar cell manufacturing, now seems to be on a diversification spree. 

The Hyderabad-based firm, which is already producing solar modules and solar cells and plans to bolster its backward integration with its plans to start wafers and ingots, is now bullish on its BESS and inverter plans too.

In a recent investor call, the top management of the firm talked in detail about its BESS and inverter plans. It said that it is aiming to begin commercial production of BESS and inverters by the first quarter of FY27.

Premier Energies’ Mission 2028

The move is part of its broader “Mission 2028” strategy to establish a 10 GW fully integrated solar manufacturing ecosystem, including 12 GW of BESS and 3 GW of inverter capacity by the end of FY28.

“Given this strong outlook, we’ve accelerated our BESS and inverter lines, and both verticals will begin contributing to our top line from FY27,” the company said. 

The confidence in the uprising BESS market stems from the awarded tenders and the tenders in the pipeline. The management told investors that in India, till now, 19GWh of BESS capacity has already been awarded through hybrid and firm-dispatchable renewable energy (FDRE) tenders.

Premier is building a containerized BESS solution line, for which it has already onboarded a specialised team. Battery cells will initially be sourced from China, though the company is still in discussions with technology partners. Its target customers will be developers who have won recent hybrid and solar-plus-storage projects in the independent power producer (IPP) segment, the firm said. 

India-Focused Growth; US Expansion on Hold

Premier emphasized that its business model is rooted in the Indian market, with less than 1% of its current order book coming from the United States. Plans for a proposed U.S. solar cell plant remain on hold due to uncertainties around tariffs and industrial policy.

The company also ruled out any interest in acquiring depreciated or second-hand production lines from Southeast Asia or China, citing rapid technological changes and incompatibility of utilities. “We are committed to state-of-the-art, high-efficiency manufacturing lines. Mono PERC lines, which dominate Southeast Asian markets, are already phasing out, and adapting them here would compromise efficiency,” said founder Premier Energies Eyes FY27 For BESS, Inverters.