Premier Energies is diversifying into battery storage and inverter production with a dedicated investment of ₹800 crore, aiming to leverage growing demand in both domestic and international energy storage markets.
Key Highlights
Backward Integration Focus
Approximately 90% of the capital expenditure will be directed towards backward integration, including manufacturing ingots and wafers. This move is designed to enhance supply chain efficiency and reduce dependency on external suppliers for critical solar components.
Market Growth Drivers
India’s solar capacity grew by 24 GW last year, with expectations to more than double within five years. Falling battery prices, supportive government policies, and expanding applications—ranging from residential rooftops to green hydrogen production and exports—are fueling this surge.
Strong Financial Position
The expansion will be primarily financed through internal accruals, supplemented by manageable debt levels. Premier Energies holds ₹2,000 crore in cash reserves, positioning the company for steady, sustainable growth.
Strategic Vision
By scaling solar capacity and entering energy storage and inverter manufacturing, Premier Energies aims to cement its role in India’s clean energy transition, supporting national goals for energy security and sustainability while enhancing global competitiveness.
This strategic expansion reflects Premier Energies’ commitment to innovation and leadership in the renewable energy sector.
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