Premier Energies to Invest Rs 11,000 Crore for 7.4 GW Cell, 6 GW Module Expansion

• Premier Energies plans a massive Rs 11,000 crore expansion to add 7.4 GW cell and 6 GW module capacity annually.
• The expansion will more than double its annual cell and module manufacturing capacity to 10.6 GW and 11.1 GW respectively.
• New cell capacity will be established in Andhra Pradesh, while module capacity will be added in Telangana.
• The company aims for backward integration by entering ingot and wafer manufacturing to become a global integrated renewable energy equipment manufacturer.
• Funding includes Rs 1,300 crore from IPO, Rs 2,200 crore debt from IREDA, and the rest from internal accruals.

Why It Matters: Premier Energies is making a significant Rs 11,000 crore investment to boost solar manufacturing capacity.