Premier Energies announced plans to invest approximately ₹6,000 crore over the next three years to establish solar ingot and wafer manufacturing facilities in Andhra Pradesh. The investment marks a significant step toward strengthening India’s solar manufacturing supply chain, reducing import dependence, and advancing the country’s clean energy and renewable energy goals. The expansion will enable the company to manufacture critical upstream solar components domestically, reinforcing India’s push for greater self-reliance in the solar sector.
Major Solar Manufacturing Hub to Come Up Near Tirupati
The proposed investment forms part of Premier Energies’ broader ₹12,500 crore capital expenditure programme. As part of the project, the Andhra government has approved the proposal and allotted 200 acres of land at Naidupeta, near Tirupati, for the new manufacturing complex. The facility will feature an annual production capacity of 10 GW each for solar ingots and solar wafers, making it one of the country’s major upstream solar manufacturing projects. Construction is expected to commence shortly, while commercial operations are targeted to begin by 2028.
Strengthening India’s Solar Supply Chain
Once operational, the manufacturing units will allow Premier Energies to produce key raw materials for solar photovoltaic (PV) modules in-house. As a result, the company will significantly improve supply chain resilience, enhance manufacturing efficiency, and reduce its reliance on imported components and third-party suppliers. The investment also aligns with India’s broader strategy to develop an integrated domestic solar manufacturing ecosystem capable of supporting the country’s rapidly growing renewable energy capacity.
Expanding Beyond Solar Cells and Modules
Alongside its upstream expansion, Premier Energies is continuing to increase its downstream manufacturing capabilities. The company is scaling up its solar cell and solar module production capacities while diversifying into adjacent clean energy products, including inverters, batteries, and transformers. This broader product portfolio is expected to strengthen its position across the renewable energy value chain. Currently, Premier Energies operates manufacturing facilities around Hyderabad with an annual production capacity of 3.6 GW of solar cells and 11.1 GW of solar modules.
Supporting India’s Renewable Energy Ambitions
The planned investment is expected to play a key role in strengthening India’s domestic solar manufacturing ecosystem. By expanding local production of critical solar components, Premier Energies aims to support the country’s clean energy transition, enhance energy security, and contribute to achieving India’s long-term renewable energy and sustainability targets. As reported by manufacturingtodayindia.com, as demand for solar power continues to rise, investments in integrated manufacturing facilities such as this are expected to accelerate India’s journey toward becoming a global hub for solar equipment manufacturing.
