Premier Energies has announced its plans to set up a new state-of-the-art facility for manufacturing solar photovoltaic equipment, at E -City Hyderabad.
Coming up on 25 acres of land, this greenfield plant will have an integrated capacity of producing 1.5 GW of solar PV cells and modules per year. The plant, with capital outlay of Rs.483 crore and currently under active construction, will be commissioned over the next two months.
The new manufacturing unit will produce MCCE textured multi-crystalline cells as well as Mono PERC cells. The new plant facilities are designed to produce latest generation products by incorporating Monocrystalline PERC technology. This technology step change along with the increase of wafer size to 182 mm and 210 mm will drive the industry towards a greener society, a release from Premier Energies said.
The new venture will position the company, which completed 25 years of operations in 2020, amongst the top five solar manufacturing companies in India, the release said.
According to Chiranjeev Saluja, Founder & Managing Director, Premier Energies said, “We at Premier Energies realize that the future of the power industry in India is going to be driven by renewable energy, primarily dominated by solar energy. With the expanded capacity, we aim to work towards India’s commitment of addressing climate change. Our commitment is to fulfill our goals of a greener decade while contributing to the Indian power sector. With increased adoption of automation and robotics, our new factory will be at par with some of the leading manufacturing companies in Asia, Europe, and USA, producing world-class products”.
In a virtual media interaction, Saluja noted that 45 per cent of the electricity to be consumed by the new manufacturing unit will be sourced from rooftop solar plants on the factory building. Wastewater generated by the manufacturing plant will be recycled to the extent of 97 per cent, he observed.
Focus On Technology
When asked about the company’s IPP business, Chiranjeev Saluja said that the company owned and managed around 50 mw of solar plants. However, there were no growth plans, as far as the IPP business was concerned, he noted. “We want to remain focused as a technology-driven manufacturing company,” Saluja noted. While there is already a huge domestic demand for solar modules, Saluja was optimistic of even exporting solar modules to USA.
(Featured photograph for illustration only)
