Premier Energies to set up new Rs 483 Cr Solar Manufacturing Facility in Hyd

Premier Energies is setting up a new state-of-the-art solar cells and modules manufacturing facility at the cost of Rs 483 crore in Hyderabad

Premier Energies, a leading domestic solar PV cells and modules manufacturing company has announced that it is setting up a new state-of-the-art facility at E-City Hyderabad. A Greenfield Project, the new plant is spread across 25 acres and is slated to triple the firms’ current capacity.

Being built at an investment of Rs 483 crores, the plant will produce 1.5 GW of solar cells and modules as against the current capacity of 500 MW. The Plant is expected to be commissioned in the next 2 months. Besides working towards reaching their stated objective of cleaner air and a greener world, the new venture, the firm claims, will position the company amongst the top 5 solar manufacturing companies in India. The company also completed 25 years of operation in 2020.

The new manufacturing unit with a capacity of 1.5 GW, will produce MCCE textured multi-crystalline cells as well as Mono PERC cells. The new plant facilities are designed to produce the latest generation products by incorporating Monocrystalline PERC technology. 

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“This technology step change along with the increase of wafer size to 182 mm and 210 mm will drive the industry towards a greener society,” the firm stated.

Chiranjeev Saluja, Founder and Managing Director, Premier Energies said, “we at Premier Energies realise that the future of the power industry in India is going to be driven by renewable energy, primarily dominated by solar energy. With the expanded capacity, we aim to work towards India’s commitment of addressing climate change. Our commitment is to fulfill our goals of a greener decade while contributing to the Indian power sector. With increased adoption of automation and robotics, our new factory will be at par with some of the leading manufacturing companies in Asia, Europe, and USA, producing world-class products.”

Headquartered in Secunderabad, Telangana, Premier Energies, is an independent power producer that owns/ operates more than 250 MW solar power plants across India. These plants are monitored and maintained by an in-house O&M team.