Premier Energies said that it would commission a 1.5 GW solar photovoltaic cell manufacturing facility in the next two months at E-city, Hyderabad, tripling its existing production capacity.
The Secunderabad-based solar photovoltaics manufacturer said it invested ₹4.83 billion in the greenfield project.
The facility, spread over 25 acres, will produce metal catalyst chemical etching (MCCE)-textured multicrystalline cells as well as monocrystalline passivated emitter and rear cell (mono PERC).
The Premier Energies manufacturing unit is equipped to produce the latest mono PERC technology cells and also cells using larger size wafers of 182 mm and 210 mm.
This expansion would also position Premier Energies in the top five solar manufacturing companies in the country.
Clean Future has been writing about the solar sector moving gradually to the bigger sized M6 and M12 solar wafers from M2 and the need for new investments.
The recently announced production-linked incentive (PLI) plan could help scale domestic manufacturing. The program has allocated ₹796.42 billion for the high-efficiency solar photovoltaic modules, advanced chemistry cell battery, and automobiles & auto components sectors to be spent over the next five years.
However, it remains to be seen how much of an impact the PLI program will have on the industry and if it truly is the stimulus the sector needs.
This is a PRNewswire Feed; edited by Clean-Future Team