Premier Energies to Invest ₹11,000 Crore in Solar Manufacturing Expansion

Premier Energies Ltd. has unveiled an ambitious ₹11,000 crore expansion plan to significantly scale up its solar manufacturing capacity, aiming to become one of India’s largest integrated renewable energy equipment makers. The project will add 7.4 GW of cell capacity in Andhra Pradesh and 6 GW of module capacity in Telangana, increasing total production to 10.6 GW (cells) and 11.1 GW (modules). Backed by a domestic order book of ₹13,000 crore and one year of full order visibility, the move reflects strong confidence in India’s solar growth story. The company also exports cells to the U.S., diversifying its market reach. The funding mix includes ₹1,300 crore from IPO proceeds, ₹2,200 crore in debt from IREDA, and the balance through internal accruals. Crucially, Premier Energies is pursuing backward integration into ingot and wafer manufacturing, strengthening its position as a fully integrated player—rare outside China. Aligned with the government’s ALMM framework and Make in India goals, this expansion positions Premier Energies at the forefront of India’s clean energy self-reliance push amid rising global demand for sustainable power solutions.