Premier Energies to establish new Rs 483 Cr Solar Production Center in Hyd

Feb 11, 2021 03:34 PM ET
  • Premier Energies is setting up a new advanced solar cells and also modules making facility at the price of Rs 483 crore in Hyderabad

Premier Energies, a leading residential solar PV cells and also modules making company has announced that it is establishing a new cutting edge center at E-City Hyderabad. A Greenfield Project, the brand-new plant is spread out throughout 25 acres and also is slated to triple the firms' existing capability.

Being developed at a financial investment of Rs 483 crores, the plant will certainly create 1.5 GW of solar cells and also modules as versus the existing ability of 500 MW. The Plant is expected to be appointed in the following 2 months. Besides functioning in the direction of reaching their stated objective of cleaner air and a greener globe, the brand-new venture, the firm declares, will position the business amongst the top 5 solar production companies in India. The company also completed 25 years of operation in 2020.

The brand-new production unit with a capability of 1.5 GW, will produce MCCE distinctive multi-crystalline cells along with Mono PERC cells. The brand-new plant facilities are created to generate the most recent generation products by including Monocrystalline PERC innovation.

" This innovation action change in addition to the increase of wafer size to 182 mm and 210 mm will certainly drive the market in the direction of a greener culture," the company stated.

Chiranjeev Saluja, Founder and Handling Director, Premier Energies stated, "we at Premier Energies become aware that the future of the power market in India is going to be driven by renewable energy, primarily dominated by solar energy. With the expanded capability, we intend to work in the direction of India's commitment of addressing climate adjustment. Our commitment is to meet our goals of a greener years while adding to the Indian power field. With increased adoption of automation and also robotics, our new manufacturing facility will go to the same level with a few of the leading production firms in Asia, Europe, and UNITED STATES, creating world-class products."

Headquartered in Secunderabad, Telangana, Premier Energies, is an independent power manufacturer that possesses/ runs more than 250 MW solar power plants across India. These plants are kept an eye on and kept by an in-house O&M group.