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Premier Energies to expand solar manufacturing by 13.4 GW in India, investing ₹11,000 crore to boost domestic production and reduce imports.
Premier Energies plans to expand its solar manufacturing capacity by 7.4 GW in cell production and 6 GW in modules, investing ₹11,000 crore in India’s Andhra Pradesh and Telangana.
The move, aimed at doubling its current output, supports India’s ‘Make in India’ goals and reduces import reliance.
The company, which already produces 3.2 GW of cells and 5.1 GW of modules near Hyderabad, is exploring backward integration into ingot and wafer production.
Funding comes from an IPO, IREDA debt, and internal funds.
Strong domestic demand, a ₹13,000 crore order book, and ongoing U.S. exports drive the expansion, aligning with the government’s ALMM framework.
Premier Energies expandirá la fabricación solar en India en 13.4 GW, invirtiendo ₹ 11,000 crores para impulsar la producción doméstica y reducir las importaciones.