Premier Energies eyes 3 GW capacity, plans to invest ₹1,200 crore

Minister KTR to inaugurate firm’s ₹483 cr plant tomorrow

Solar PV cells and module maker Premier Energies plans to invest upto ₹1,200 crore to add 2 giga watt (GW) manufacturing capacity over the next two years. The Hyderabad firm, with an existing capacity of almost 1 GW, is eyeing to be a 3 GW facility. Founder and MD Chiranjeev Saluja said the plan is to invest ₹500 crore in the coming four months to add another giga watt and an additional ₹500 crore next financial year. “The idea is to be a 3 GW facility with 1.75 GW module and 1.25 GW cell [capacity]. We will be spending ₹1,000-1,200 crore in the next two years,” he said, adding the new projects would also be located in Hyderabad.