Clean energy company Premier Energies has commissioned a 400-megawatt solar cell manufacturing facility in Telangana as part of its Rs 11,000-crore expansion plan.

The Hyderabad-based firm aims to more than double its annual solar cell and module manufacturing capacities to 10.6 gigawatt and 11.1 gigawatt, respectively, to meet growing domestic demand. Vinay Rustagi, Chief Business Officer at Premier Energies, said the new facility increases the company’s solar cell capacity from 3.2 gigawatt to 3.6 gigawatt. The 400 MW solar photovoltaic mono “PERC cell” series plant was commissioned on January 22, 2026, at E City, Maheeshwaram in Telangana.

Premier Energies currently operates a total solar module manufacturing capacity of 5.1 gigawatt at its Hyderabad facilities, located about 50 kilometres from the new cell plant. The government has been actively promoting domestic solar cell production to reduce reliance on imports.

To fund its expansion, the company is using Rs 1,300 crore raised through its IPO last year, a Rs 2,200-crore debt facility from the Indian Renewable Energy Development Agency, and the rest from internal accruals. Rustagi added that the company plans to enter the ingot and wafer segment, aiming to become one of the largest integrated renewable energy equipment manufacturers outside China.

Bringing ingot and wafer production in-house is expected to enhance control across the value chain and improve supply reliability for its solar panel operations.