Archive · 12 Jun 2025
Premier Energies Doubles Solar Capacity, Enters Battery & Inverter Space
A solar panel company called Premier Energies is going to make more solar panels.
They plan to make twice as many solar cells and modules, plus they'll start making parts for the panels themselves.
They're also going to build batteries and inverters to store and use the solar energy.
The company has plenty of money saved up to pay for this expansion and expects a lot more people will start using solar power in the next few years.
Premier Energies plans to double solar manufacturing capacity to 8.4 GW for cells and 10 GW for modules.
The company is expanding into ingot and wafer manufacturing.
Premier Energies will invest in battery storage and inverter manufacturing.
Capital expenditure will be primarily funded through internal accruals and a small amount of debt.
The company anticipates the solar industry in India to more than double in the next five years.
- Who
- Premier Energies
- What
- Premier Energies is doubling its solar manufacturing capacity and entering battery and inverter markets.
- When
- Over the next year for capacity expansion.
- Where
- Telangana, India
- Why
- To capitalize on the growth in the solar industry and expand its business.
- Company
- Premier Energies
- Location
- Telangana, India
- Cell Capacity
- 8.4 GW
- Module Capacity
- 10 GW
- Investment
- ₹800 crore for battery/inverter manufacturing
- Market Cap
- ₹46,488 crore
