Premier Solar plans 1-GW solar cell factory in India - report
Image by: jola miziniak.
Premier Solar Ltd intends to build a 1,000-MW plant for the production of photovoltaic (PV) cells in India, with the first 250-MW phase to be commissioned by September 2018, the Hindu Business Line said today.
The Hyderabad-based company will invest INR 12 billion (USD 186m/EUR 160m) in the project through an international joint venture.
As part of an ambitious plan to expand its PV module manufacturing capacity, Premier Solar will on July 29 cut the ribbon of a fully-automated 200-MW module factory at Annaram village, Telangana.
According to the report, Premier Solar has 375 MW of manufacturing capacity for PV modules and 50 MW for cells. The company also has a solar project portfolio of more than 100 MW. It also makes solar e-rickshaws, solar cycle rickshaws, solar e-bikes and solar bicycles.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.