Premier Energies has commissioned a 400 MW solar cell manufacturing facility in Telangana, marking an important milestone in its ₹11,000 crore expansion programme. The move strengthens the company’s domestic manufacturing footprint amid rising demand for solar equipment in India.
New unit boosts solar cell capacity to 3.6 GW
The Hyderabad-based clean energy company said the new facility, located at E City in Maheeshwaram, was commissioned on January 22, 2026. With the addition, Premier Energies has increased its solar cell manufacturing capacity from 3.2 GW to 3.6 GW, according to Vinay Rustagi, Chief Business Officer.
Company targets over 10 GW capacity by 2028
Premier Energies plans to more than double its annual manufacturing capacities. By 2028, the company aims to scale solar cell capacity to 10.6 GW and module capacity to 11.1 GW, positioning itself to meet accelerating domestic demand. At present, the company operates 5.1 GW of solar module capacity across its manufacturing units in Hyderabad.
Expansion funded through IPO proceeds, debt and internal accruals
To support its expansion roadmap, Premier Energies is deploying ₹1,300 crore raised through its IPO last year, along with a ₹2,200 crore debt facility from the Indian Renewable Energy Development Agency (IREDA) and internal accruals. This blended funding approach underpins the company’s large-scale capacity build-out.
Entry into ingot and wafer manufacturing planned
In addition, Premier Energies plans to enter ingot and wafer manufacturing, a move that will further strengthen its backward integration strategy. Once completed, the initiative will position the company as a fully integrated renewable energy manufacturer, spanning the solar value chain in India.
