Hyderabad-based Premier Energies plans to invest around Rs 1,200 crore in the next two years to expand its solar module and cell manufacturing capacity to 3,000 MW. The company has already invested Rs 483 crore in building the manufacturing unit for making 750 MW of modules and 750 MW of cells. The latest manufacturing unit is set to be inaugurated on July 29.
“We are already in talks with clean energy funds for investments in the upcoming expansion,” Chiranjeev Saluja, MD of Premier Energies, said, adding that “the upcoming planned capacities will be considered for bidding for incentives under the Centre’s Rs 4,500-crore production-linked incentive (PLI) scheme”.
