Premier Energies, a Solar PV Cells and Module company, opened its new manufacturing facility built at a cost of Rs 483 crore in Telangana, and announced plans to invest another Rs 1,200 crore in next two years.
The facility, India’s second largest and South India’s biggest, currently employs 700 people and it aims to provide employment to 2,000 more.
Telangana’s industry minister K.T. Rama Rao and education minister P. Sabitha Indra Reddy inaugurated the facility at E-City in Rangareddy district on the outskirts of Hyderabad.
The manufacturing unit with a capacity of 750 MW solar cell and 750 MW solar module will produce MCCE textured multi-crystalline cells and modules, Mono PERC cells and modules as well as 19.2 per cent efficiency polycrystalline cells and modules.
“With the current facility we are almost touching 1 GW, we have plans to invest another Rs 500 crore in the coming four months to add another Giga Watt and another Rs 500 crore 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 1,000 to Rs 1,200 crore in the next two years,” Chiranjeev Saluja, Founder and Managing Director, Premier Energies, said.
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.