Premier Energies Global Environment Limited (PEGL), a subsidiary of Premier Energies, has unveiled plans to set up a 1 GW solar module manufacturing facility at the Electronics Manufacturing Clusters (EMC) in Maheshwaram, Telangana. This initiative underscores the company’s commitment to advancing tunnel oxide passivated contact (TOPCon) technology to cater to the growing demand for high-efficiency solar modules.
Facility Highlights
- Location: EMC Maheshwaram, Telangana, on leasehold premises by Telangana Industrial Infrastructure Corporation (TGIIC).
- Operational Timeline: Project expected to be operational by March 2025.
- Technology Focus: Advanced TOPCon module manufacturing to deliver high-performance photovoltaic solutions.
- Investment Backing: Supported by GEF Capital, a Washington D.C.-based private equity investor.
Economic and Environmental Impact
Boost to Local Economy
- Creation of direct and indirect employment opportunities in manufacturing and supply chain sectors.
- Strengthening of local supply chains for components like solar cells, inverters, and mounting structures.
- Encouragement for innovation and economic growth in solar and related industries.
Cost Efficiency
- The facility is expected to reduce dependency on solar components from other states, potentially lowering costs for consumers and boosting accessibility to renewable energy solutions.
Premier Energies’ Expanding Footprint
- Existing Facilities: Premier Energies operates across 44.91 acres in Telangana, with an annual production capacity of 2 GW for solar cells and 3.36 GW for solar modules as of March 2024.
- Upcoming Projects:
- Topcon Cell Line and Module Line: Under development, spanning 75 acres.
- These additions will further enhance the company’s production capabilities and reinforce its leadership in solar manufacturing.
Industry Insights
Experts from the solar industry view the establishment of this facility as a game-changer:
- It will drive growth in India’s renewable energy sector, aligning with the nation’s sustainability goals.
- Enhanced local production could reduce import dependency and foster a self-reliant ecosystem in solar manufacturing.
Premier Energies: At the Forefront of Solar Innovation
Premier Energies has consistently demonstrated innovation in solar technology, offering high-tech photovoltaic products and solutions. Its commitment to sustainability, efficiency, and advanced technology positions it as a leader in the global solar industry.
FAQs
What is the significance of the TOPCon module technology?
TOPCon modules are highly efficient and durable, offering better performance compared to conventional solar technologies, which makes them ideal for modern renewable energy projects.
How will the facility benefit Telangana?
The facility will boost the state’s economy by creating jobs, fostering innovation, and strengthening local supply chains for solar components.
When will the facility be operational?
The 1 GW facility is expected to commence operations by March 2025.
How does this align with India’s renewable energy goals?
The facility supports India’s commitment to renewable energy by enhancing local manufacturing capabilities and reducing reliance on imports, aligning with the ‘Make in India’ initiative.