Premier Energies Commissions 400 MW Solar Facility in Rs 11,000-Crore Expansion Drive
Premier Energies commissioned a 400 MW solar cell manufacturing facility in Telangana as part of its Rs 11,000-crore expansion plan to double manufacturing capacities to 10.6 GW solar cells and 11.1 GW modules by 2028. The renewable energy sector also saw PTC India receiving ministry communication for board restructuring with NTPC as sole promoter, INOXGFL Group signing Rs 17,000-crore MoUs with three states, and ACME subsidiary commissioning additional 4 MW wind capacity in Gujarat.

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Premier Energies has successfully commissioned a 400 megawatt solar cell manufacturing facility in Telangana, marking a significant milestone in the company's ambitious expansion strategy. This development forms part of the Hyderabad-based company's comprehensive Rs 11,000-crore investment plan aimed at substantially scaling up its manufacturing capabilities.
Expansion Strategy and Capacity Targets
The company has set aggressive targets to more than double its manufacturing capacities across key segments. Premier Energies aims to expand its annual solar cell manufacturing capacity to 10.6 gigawatt and module manufacturing capacity to 11.1 gigawatt, positioning itself to better serve the growing domestic demand for solar energy solutions.
| Parameter: | Target Details |
|---|---|
| Solar Cell Capacity: | 10.6 gigawatt annually |
| Module Capacity: | 11.1 gigawatt annually |
| Investment Amount: | Rs 11,000 crore |
| Timeline: | By 2028 |
| Current Facility: | 400 MW in Telangana |
Industry Developments in Renewable Energy Sector
The renewable energy sector witnessed several significant developments. PTC India received an office memorandum dated 16 January 2026 from the Ministry of Power, seeking changes in its top leadership and board restructuring. According to the communication, NTPC may become the sole promoter of PTC, with other promoters including PFC, Powergrid, and NHPC expected to withdraw their nominee directors and relinquish their rights.
Major Investment Commitments
INOXGFL Group announced substantial investment commitments through three memorandums of understanding worth Rs 17,000 crore with state governments. These MoUs were signed with Uttar Pradesh, Assam, and Kerala governments during the World Economic Forum summit in Davos, Switzerland. The agreements cover establishment of solar power projects, cells and modules manufacturing plants, and solar module testing laboratories across these states.
Project Commissioning Updates
ACME Eco Clean Energy Private Ltd, a subsidiary of ACME Solar Holdings Limited, achieved another milestone by commissioning an additional 4 MW capacity at its wind power project in Surendaranagar, Gujarat. This brings the subsidiary's total commissioned capacity to 72 MW out of the planned 100 MW project, demonstrating steady progress in project execution.
| Project Details: | Specifications |
|---|---|
| Recent Addition: | 4 MW |
| Total Commissioned: | 72 MW |
| Project Capacity: | 100 MW |
| Location: | Surendaranagar, Gujarat |
| Technology: | Wind Power |
These developments collectively highlight the robust growth trajectory and increasing investment momentum in India's renewable energy sector, with companies scaling up manufacturing capabilities and expanding project portfolios to meet rising demand.
Historical Stock Returns for Premier
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.05% | +3.10% | 0.0% | -22.14% | -19.19% | -39.60% |


































