Premier Energies to invest INR 5,942 crore in new solar manufacturing complex in Andhra Pradesh
Type: Investment · Technology: Solar · Country: India · Capacity: 4 GW · Announced: 2026-03-12
Premier Energies will invest INR 5,942 crore in a new integrated solar manufacturing complex in Andhra Pradesh. This facility will produce 4 GW of solar cells and modules, bolstering India's domestic renewable energy supply chain.
Analysis
Premier Energies is investing INR 5,942 crore into a new solar manufacturing complex in Andhra Pradesh, a significant move for India's domestic production capabilities. The facility will integrate ingot, wafer, and 4 GW TOPCon solar cell manufacturing, with silicon ingot and wafer capacity reaching 5 GW, scalable to 7 GW. This vertical integration aims to strengthen the local supply chain, reducing reliance on external sources for critical components. It's a direct effort by the Indian solar manufacturer to build out the nation's solar manufacturing muscle.
Key points
- INR 5,942 crore investment by Premier Energies.
- 4 GW TOPCon solar cell manufacturing unit.
- 5 GW silicon ingot and wafer production, scalable to 7 GW.
- Vertical integration of ingot, wafer, and cell segments.
Counterparties
- Premier Energies Limited (Investor)