Premier Energies To Build Rs 59.4 Billion Solar Complex in AP
POWER & RENEWABLE ENERGY

Premier Energies To Build Rs 59.4 Billion Solar Complex in AP

In a major boost to Andhra Pradesh’s clean energy ambitions, Premier Energies is set to establish a Rs 59.4 billion fully integrated solar manufacturing complex at Naidupeta Industrial Park in Nellore district.

The announcement was shared by Minister for IT Nara Lokesh on his X handle, describing the project as a testament to the State’s speed, clarity, and investor-first approach.

Framed as a founder-style journey, Lokesh detailed how rapid execution, strategic port-led logistics, and proactive incentives helped India’s second-largest integrated solar company anchor its next growth phase in Andhra Pradesh.

Discussions began in October 2024, focusing on strengthening India’s solar value chain by building deep upstream capacity—including solar cells, ingots, and wafers—to reduce dependence on global supply chains.

By February 2025, the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) had fast-tracked 269 acres for the project, with 169.71 acres allotted and 100 acres approved in principle. The swift land allocation, supported by trunk infrastructure and immediate port access, underscored the State’s outcomes-driven governance. It also gave Premier Energies the confidence to consolidate its operations at a single, scalable location.

The upcoming facility will feature a 4 GW TOPCon solar cell line alongside a 5 GW silicon ingot and wafer plant, ensuring full backward integration. This co-location model is expected to enhance process control, cut costs, and strengthen competitiveness across domestic and export markets.

Lokesh highlighted that the project complements Premier Energies’ existing module capacities and strengthens India’s position in next-generation photovoltaic technologies.

The complex is projected to create about 3,500 direct jobs, with significant indirect employment through ancillary industries. A phased expansion to 7 GW is also planned to meet rising demand. Lokesh described the initiative as a catalyst for green jobs and a strong manufacturing ecosystem benefiting MSMEs, logistics, and service sectors.

Explaining the strategic choice of Naidupeta, Lokesh cited proximity to ports, reliable infrastructure, and Andhra Pradesh’s port-led industrial strategy, which reduces risks for upstream solar manufacturing. The location was selected to optimise freight, energy, water, and talent availability—facilitating faster commissioning.

Positioning the project within a broader vision, Lokesh said Andhra Pradesh is developing a renewable manufacturing corridor to boost self-reliance and global competitiveness in solar exports. He reaffirmed the State’s commitment to investor-friendly reforms, competitive incentives, and streamlined facilitation.

“Premier Energies’ story in Andhra Pradesh is about speed with substance,” Lokesh remarked. “From day one, we aligned on integration, logistics, and timelines—and executed. This is how Andhra Pradesh will lead in clean energy manufacturing: by turning intent into assets, fast.”

In a major boost to Andhra Pradesh’s clean energy ambitions, Premier Energies is set to establish a Rs 59.4 billion fully integrated solar manufacturing complex at Naidupeta Industrial Park in Nellore district. The announcement was shared by Minister for IT Nara Lokesh on his X handle, describing the project as a testament to the State’s speed, clarity, and investor-first approach. Framed as a founder-style journey, Lokesh detailed how rapid execution, strategic port-led logistics, and proactive incentives helped India’s second-largest integrated solar company anchor its next growth phase in Andhra Pradesh. Discussions began in October 2024, focusing on strengthening India’s solar value chain by building deep upstream capacity—including solar cells, ingots, and wafers—to reduce dependence on global supply chains. By February 2025, the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) had fast-tracked 269 acres for the project, with 169.71 acres allotted and 100 acres approved in principle. The swift land allocation, supported by trunk infrastructure and immediate port access, underscored the State’s outcomes-driven governance. It also gave Premier Energies the confidence to consolidate its operations at a single, scalable location. The upcoming facility will feature a 4 GW TOPCon solar cell line alongside a 5 GW silicon ingot and wafer plant, ensuring full backward integration. This co-location model is expected to enhance process control, cut costs, and strengthen competitiveness across domestic and export markets. Lokesh highlighted that the project complements Premier Energies’ existing module capacities and strengthens India’s position in next-generation photovoltaic technologies. The complex is projected to create about 3,500 direct jobs, with significant indirect employment through ancillary industries. A phased expansion to 7 GW is also planned to meet rising demand. Lokesh described the initiative as a catalyst for green jobs and a strong manufacturing ecosystem benefiting MSMEs, logistics, and service sectors. Explaining the strategic choice of Naidupeta, Lokesh cited proximity to ports, reliable infrastructure, and Andhra Pradesh’s port-led industrial strategy, which reduces risks for upstream solar manufacturing. The location was selected to optimise freight, energy, water, and talent availability—facilitating faster commissioning. Positioning the project within a broader vision, Lokesh said Andhra Pradesh is developing a renewable manufacturing corridor to boost self-reliance and global competitiveness in solar exports. He reaffirmed the State’s commitment to investor-friendly reforms, competitive incentives, and streamlined facilitation. “Premier Energies’ story in Andhra Pradesh is about speed with substance,” Lokesh remarked. “From day one, we aligned on integration, logistics, and timelines—and executed. This is how Andhra Pradesh will lead in clean energy manufacturing: by turning intent into assets, fast.”

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->