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Premier Energies to add 7.4 GW cell, 6 GW  module capacity annually at Rs...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW DELHI, Jan 12: Renewable energy player Premier Energies is looking to more than double its annual cell and module manufacturing capacity to 10.6 gigawatt and 11.1 gigawatt, respectively, as part of its Rs 11,000-crore expansion plan, to meet domestic demand, a company official said. The company is also looking to enter into the manufacturing of ingots and wafers to become one of the largest integrated renewable energy equipment manufacturers globally, Vinay Rustagi, Chief Business Officer (CBO) at Premier Energies, told PTI in an interaction. He said the company at present manufactures 3.2-gigawatt (GW) cells and 5.1 GW modules annually from four units situated near Hyderabad in Telangana.

Premier Energies to add 7.4 GW cell, 6 GW  module capacity annually at Rs...

Credit: Dailyexcelsior

Key Highlights

  • When asked if the company is keen to expand its manufacturing capabilities, he replied in affirmative.
  • “Yes, we have a substantial expansion plan of Rs 11,000 crore.
  • We would be adding 7.4 GW of cell in Andhra Pradesh and 6 GW of module capacity in Telangana,” Rustagi replied.
  • On the rationale behind the move, he said the decision to expand capacities has been taken as a major part of the company’s existing cell capacity, which is approved under the government’s ALMM framework.
  • The Approved List of Models and Manufacturers (ALMM) is an initiative of the Ministry of New and Renewable Energy (MNRE) that supports India’s ‘Make in India’ vision by promoting local manufacturing, reducing import dependency, and generating new employment.
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Sources

  1. Premier Energies to add 7.4 GW cell, 6 GW  module capacity annually at Rs...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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