Premier Energies plans ₹6,000 crore capex for solar expansion
after close1 source ↓written by the desknot a recommendation
- over the next
- ₹6,000 crore
- capex plan
- ₹12,500 crore
- module capacities
- 10.6 GW
- respectively
- 11.1 GW
Premier Energies will invest ₹6,000 crore over the next three years to establish ingot and wafer manufacturing capabilities, aiming for full integration in India's solar sector. This investment is part of a larger ₹12,500 crore capex plan, which will also enhance solar cell and module capacities to 10.6 GW and 11.1 GW respectively. 🌞
The expansion reflects a strategic move to strengthen backward integration and diversify into adjacent businesses like inverters and batteries, potentially boosting market competitiveness.
Not investment advice. For informational purposes only.