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Premier Energies expands solar manufacturing with strategic investment in Telangana

Friday, 07 Mar 2025
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Premier Energies operates a two GW solar cell and 4.1 GW solar module manufacturing facility in Telangana, employing around 5,000 individuals.

Originally planning a four GW cell and module plant in Telangana with a Rs 3,000 crore investment, the company recognised the need for geographical diversification and backward integration into ingot and wafer production, solar aluminium frames extrusion, and expanded cell and module capacity.

With evolving market demands, Premier Energies has strategically relocated some investments while planning further expansions in Telangana, Andhra Pradesh, and Madhya Pradesh. The Telangana government has been instrumental in supporting the company’s growth, initially allotting 75 acres in Seetharampur IP and later signing an MoU for an additional 125 acres to accommodate Premier's expansion.

In 2024, the company announced a one GW solar cell and one GW solar module expansion with an Rs 800 crore investment, swiftly backed by the Telangana government. Construction is at an advanced stage, and commissioning is set for Q1/FY26, generating 1,500 additional work opportunities. With government support, a pre-constructed facility in Maheshwaram IP was leased to fast-track the project, completed in a record nine months.

Premier Energies continues evaluating substantial investments in Telangana and has applied for an additional 25 acres for future expansion. However, for logistical advantages, including proximity to ports, the company is relocating its four GW Cell line to Andhra Pradesh, as imported raw materials require efficient transport. Additionally, the Madhya Pradesh Industrial Development Corporation (MPIDC) has allocated 50 acres near Bhopal to support expansion and cater to markets in MP, Rajasthan, and Gujarat.

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