Premier Energies is set to unveil new facility at E-City Hyderabad

Premier Energies is set to unveil new facility at E-City Hyderabad

Premier Energies, one of India’s leading Solar PV Cells & Module manufacturing company, is set to launch their new state-of-the-art facility at E-City Hyderabad.

Built with an investment of Rs. 483 crores, the new venture will elevate the company amongst the top 5 solar manufacturing players in India. The formal inauguration of this new plant by Hon’ble Minister of Municipal Administration and Urban Development of Telangana, Shri K T Rama Rao is scheduled for 29th July 2021.

The new manufacturing unit, a greenfield project with a capacity of 750 MW solar cell & 750 MW solar module, will produce MCCE textured multi-crystalline cells and modules, Mono PERC cells and modules as well as 19.2% efficiency polycrystalline cells and modules. The plant has been designed to produce latest generation products by incorporating Monocrystalline PERC technology. This technology will usher change by increasing the wafer size to 182 mm and 210 mm.

The ISO 9001/ ISO 14001 certified manufacturing facility uses state of the art production systems such as TQC (Total Quality Control) and SPC (Statistical Process Control) quality control. This launch will therefore increase the availability of highest quality ‘Made in India’ solar cells aligned to the government’s Atmanirbhar Bharat initiatives.

Speaking on the significant launch, Surender Pal Singh, Founder and Chairman, Premier Energies said, “It has been our vision to set up a business that would contribute to the environment for the larger good of the society. This new world-class facility takes us a step closer to this vision. While contributing to a greener tomorrow with eco-friendly products, the plant is a significant milestone in the evolution of solar technology and will help us lead the change in the power sector in India by helping the industry switch to cleaner renewable power sources.”

Chiranjeev Saluja, Founder and Managing Director, Premier Energies said, “This new facility, is a symbol of our strong commitment to the Indian power sector, and a shining example of the success of the Government’s ‘Make in India’ initiative. 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. With this launch, we have further strengthened our product portfolio which caters to a wide range of customers.”

Chiranjeev Saluja added, Our current capacity is 500 MW per annum of solar Module manufacturing, our new plant capacity will be additional 750 MW, taking the Module capacity to 1250 MW, our cell capacity will go up from the current 50 MW to 800 MW with 750 MW new capacity. Our Group turnover was Rs 850 crs last year and this year it should be Rs 1500 crs, with new line coming up. We are focusing on the US market, but at the moment there is lot of demand in India, right now 10% of our production will be for exports but will gradually increase as our capacity goes up. Premier Energy will be the second largest integrated facility in India with capacity to manufacture both modules and cells. Going forward the plan is to be a 3 GW facility. With the current facility we are almost touching 1 GW, we have plans to invest another Rs 500 crs in the coming four months to add another Giga Watt and another Rs 500 crs in the next financial year, the idea is to be a 3 GW facility with 1.75 GW module and 1.25 GW cell. We will be spending Rs 1000 to Rs 1200 crs in the next two years. We are raising funds through private equity players, in advanced discussions with green energy funds to invest in our company and the debt will be tied up from our existing finance. We are looking at closing the first phase in the next three months and in the later three months the last phase. We have land at the existing site for setting up 2 GW and for further expansion we are talking to Telangana Government to allocate additional land.

Other highlights of the new manufacturing facility are:

· 100% EL and Visual Sorting

· Color Uniformity

· Minimum Power Loss

· Excellent Solderability

· Best in Class technology MCCE

· Highly Automated Equipment

Headquartered in Greater Hyderabad Telangana, Premier Energies, has a capacity of 1.25 GW Module and 0.75GW Cell. With new launch, the company is now 2nd largest integrated manufacturer of solar cells and modules in India. The company has completed 25 years of operations in 2020.