Premier Energies to Establish 1 GW Solar Module Facility in Telangana
16 Dec 2024
2 Min Read
CW Team
Premier Energies Global Environment (PEGEPL), a subsidiary of Premier Energies, has announced plans to build a 1 GW solar module manufacturing facility in the EMC Maheshwaram industrial zone, Telangana. The facility will be located on leasehold land owned by the Telangana Industrial Infrastructure Corporation (TGIIC).
This project is part of Premier Energies' strategy to expand its tunnel oxide passivated contact (TOPCon) module manufacturing capabilities and meet the increasing demand for high-efficiency solar modules. The facility, approved by the company's capex committee and board of directors, is expected to be completed by March 2025.
The facility will be situated in one of India's Electronics Manufacturing Clusters (EMC), which are designed to provide infrastructure and common facilities to attract investments in electronics manufacturing.
Premier Energies had previously invested Rs 4.83 billion to set up a 1.5 GW plant in Hyderabad to produce advanced monocrystalline passivated emitter and rear cell (monoPERC) technology cells using larger wafers. Additionally, the company鈥檚 Rs 28.3 billion initial public offering (IPO) in August 2024 was highly successful, with oversubscription of 74 times.
In the same month, Premier Energies entered into a joint venture with Heliene, a North American solar PV module manufacturer, to set up a solar cell manufacturing facility in the U.S.
Premier Energies also raised Rs 2 billion in 2021 from GEF Capital Partners, a private equity firm focused on climate investment.
According to the sources 2024 report, India added 11.3 GW of solar module and 2 GW of solar cell capacity in the first half of the year, with strong demand contributing to significant solar project pipelines totalling 132.7 GW from 2024 to 2026. As of June 2024, India鈥檚 cumulative solar module manufacturing capacity stood at 77.2 GW, while solar cell capacity reached 7.6 GW.
(Mercom)
Premier Energies Global Environment (PEGEPL), a subsidiary of Premier Energies, has announced plans to build a 1 GW solar module manufacturing facility in the EMC Maheshwaram industrial zone, Telangana. The facility will be located on leasehold land owned by the Telangana Industrial Infrastructure Corporation (TGIIC).
This project is part of Premier Energies' strategy to expand its tunnel oxide passivated contact (TOPCon) module manufacturing capabilities and meet the increasing demand for high-efficiency solar modules. The facility, approved by the company's capex committee and board of directors, is expected to be completed by March 2025.
The facility will be situated in one of India's Electronics Manufacturing Clusters (EMC), which are designed to provide infrastructure and common facilities to attract investments in electronics manufacturing.
Premier Energies had previously invested Rs 4.83 billion to set up a 1.5 GW plant in Hyderabad to produce advanced monocrystalline passivated emitter and rear cell (monoPERC) technology cells using larger wafers. Additionally, the company鈥檚 Rs 28.3 billion initial public offering (IPO) in August 2024 was highly successful, with oversubscription of 74 times.
In the same month, Premier Energies entered into a joint venture with Heliene, a North American solar PV module manufacturer, to set up a solar cell manufacturing facility in the U.S.
Premier Energies also raised Rs 2 billion in 2021 from GEF Capital Partners, a private equity firm focused on climate investment.
According to the sources 2024 report, India added 11.3 GW of solar module and 2 GW of solar cell capacity in the first half of the year, with strong demand contributing to significant solar project pipelines totalling 132.7 GW from 2024 to 2026. As of June 2024, India鈥檚 cumulative solar module manufacturing capacity stood at 77.2 GW, while solar cell capacity reached 7.6 GW.
(Mercom)
Next Story
RentenPe and Mygate Partner to Transform Rent Payments in India
Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India鈥檚 first Rent Credit Score鈩� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe鈥檚 payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..
Next Story
Supreme Unveils New Brand Identity to Elevate Lifestyle
Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group鈥檚 refreshed vision to 鈥楨levate Lifestyle鈥�. This brand transformation represents more than a visual refresh鈥攊t marks a strategic shift in the company鈥檚 mission, visual identity and market positioning. The update will be visible across all of Supreme鈥檚 digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..
Next Story
Capri Loans Launches #TarrakiKeHaath Campaign Honouring India鈥檚 Everyday Heroes
Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India 鈥� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans鈥� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat鈥檚 economy. Conceptualized by Rediffusion Brand Solutions, the..
