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Changes in Policy will encourage wider adoption of renewable energy by companies
Changes in Policy will encourage wider adoption of renewable energy by companies
February 16, 2021

Premier Energies set to triple capacity; Invests Rs. 483 crores towards being one among top 5 players in the solar energy sector in India

Together with the existing plant, the new facility will produce more than 1.5 GW per annum of solar cells and modules thereby more than tripling capacity.

Premier Energies, one of India’s leading Solar PV Cells & Module manufacturing company has revealed that it is setting up a new state-of-the-art facility at E -City Hyderabad. A Greenfield Project, the new plant is spread across 25 acres.

This plant is slated to triple Premier Energy’s current capacity. Being built at an investment of Rs 483 crores, the plant will produce 1.5 GW of solar cells and modules as against the current capacity of 500 MW. The Plant is expected to be commissioned in the next 2 months. Besides working towards reaching their stated objective of cleaner air and a greener world, the new venture will position the company amongst the top 5 solar manufacturing companies in India. The company also completed 25 years of operation in 2020.

The new manufacturing unit with a capacity of 1.5 GW, will produce MCCE textured multi-crystalline cells as well as Mono PERC cells. The new plant facilities are designed to produce latest generation products by incorporating Monocrystalline PERC technology. This technology step change along with the increase of wafer size to 182 mm and 210 mm will drive the industry towards a greener society.

Announcing to media, Chiranjeev Saluja, Founder and Managing Director, Premier Energies said, “We at Premier Energies realize that the future of the power industry in India is going to be driven by renewable energy, primarily dominated by solar energy. With the expanded capacity, we aim to work towards India’s commitment of addressing climate change. Our commitment is to fulfill our goals of a greener decade while contributing to the Indian power sector. With increased adoption of automation and robotics, our new factory will be at par with some of the leading manufacturing companies in Asia, Europe, and USA, producing world-class products”.

Headquartered in Secunderabad, Telangana, Premier Energies, an independent power producer owns / operates more than 250 MW solar power plants across India. These plants are monitored and maintained by an in-house O&M team. The company’s mission is to be one among the top 5 players in the industry for solar manufacturing and EPC by 2023 by focusing on high quality and reliable energy solutions.

About Premier Energies

Premier Energies is one of India’s leading Solar PV Cells & Module manufacturing company providing end to end solar power solutions to organizations across India and 30 countries in Europe, Africa, and Asia. For over two and a half decades, the company has been driving sustainability in the renewable energy sector with a spectrum of products and innovations in energy generation and storage.

Premier is the first Indian solar module manufacturing company to be BIS certified and the world’s 1st CB certified company for Solar PV modules issued by UL. Formerly Premier Solar, Premier Energies has today diversified from solar energy to a fully integrated clean energy company offering end to end solutions. For over two decades, the company has been driving sustainability in the renewable energy sector with a spectrum of products and innovations in energy generation and storage.

Priyadarshan

Priyadarshan Bhatewara, CFA

Chief Financial Officer

He has 15 years of experience in Corporate Finance, Project Finance, Project Management, Business Development, and Financial Analysis of Climate Change Projects. He has worked in Hydro Power, Thermal Power, Wind Power and Solar Power projects. He has expertise in closing Investment deals, Management Information systems, Data Analysis, Financial Modelling. He has worked with companies like Azure Power, ReNew Power, Asian Development Bank, Rattan India, SNC Lavalin and Mott MacDonald. Priyadarshan has been awarded Zee Yuva Award (2017) for best practises in water conservation, Water Crusader Award (2017) by Hindustan Unilever and Energy Conservation Award (2016) by Vigyan Bharti. He holds a Bachelor in Engineering from VJTI, Mumbai, M.Tech from IIT Delhi and has earned CFA Charterholder from CFA Institute, USA.

Kasturi Roy

Advisory Team

Ms. Kasturi Roy Choudhury is on the Advisory team at Premier Energies. She has over 3 decades of professional experience with ‘Consultancy for Change and Growth’ and specializes in the areas of Management Consultancy and Corporate Training. At CFCG, Kasturi works as a Senior Consultant anchoring key client relationships & accountable for deliverables.

In her personal capacity, Kasturi is associated with social organizations like Jeevika Development Society, Garbage Free India & Sanjeevani Life beyond Cancer. Her distinguished academic career includes:PGDM from IIM Ahmedabad (1988), DBF from ICFAI, Hyderabad (1990), BE (Electrical) from Jadavpur University (1986).

SURENDER PAL SINGH

Founder & Chairman

A visionary, Surender Pal Singh is an eminent energy expert and accomplished business leader with over 40 years of rich industrial experience. His work states achievements in both conventional as well as non-conventional power projects. Known for his resourcefulness and deep knowledge on Solar, he has been conferred with national and international awards such as the International Project of The Year from Renewable Energy World, USA 2013, National Awards for Excellence in Renewable Energy for Rural Electrification from World Federation Of CSR Professionals, 2015, Udyog Bharti & Udyog Patra awards from the Vice President of India. A mechanical engineering graduate from Dharwad University, today he oversees operations and finance of the organization in addition to mentoring the young leaders.

CHIRANJEEV SALUJA

Founder & Managing Director

He is one of India’s 100 Most Influential Solar Business Leaders and a visionary who transformed the company from a solar enterprise to an integrated renewable energy solutions provider. Steering the company from a 5 MW production capacity in 1995 to 500 MW in 2018, he is now leading Premier Energies towards growth by expanding the production capacity to 750 MW solar cells and 1.2 GW solar modules.

He is a Founding Member of Premier Solar Power Tech and has built over 650+ MW of EPC and 130 MW of IPP. He serves as a Director on board for over 10 companies in the Solar Manufacturing and IPP space and the All India Solar Industries Association (AISIA). He is a member of the Governing Council of Indian Solar Manufacturers Association (ISMA). He holds a bachelor’s degree in Engineering from Osmania University, Hyderabad.

SUDHIR MOOLA

Executive Director

A distinguished engineer from JNTU, Hyderabad; an MS from Colorado University and an MBA from ISB, Sudhir has worked with PwC, USA before taking on a directorial mantle at Premier Energies. He heads the EPC business, as well as the construction of our new state of the art manufacturing facility. Sudhir is actively involved in all day-to-day operations of the organization, from managing external relations to defining policies, supervising department heads, and working on strategies for growth and business expansion.

VISHNU HAZARI

Chief Operating Officer

He brings over 14+ years of rich consulting experience in BFSI, Pharma and Healthcare sectors, having worked at JP Morgan Chase, Anthem, Infosys, Cognizant and Deloitte. He holds a MS (Mechanical Engineering) from Western Michigan University. At Premier Energies, Vishnu is responsible for managing the entire spectrum of operations of the manufacturing division.

REVATHI ROHINI B

Director & CFO-designate

She has served the Government of Telangana for over 30 years and retired as an Additional Commissioner of Commercial Taxes. A graduate in Agricultural Sciences, she brings in with her a rich, on-ground experience in indirect taxation and government regulatory affairs. A trailblazer and an expert in legal and commercial taxes, she now leads all financial and government related matters of the organization.

NIYATHI MADASU

Director

She comes in with over 16 years of experience in Talent Management, Leadership Consulting & Organization Development. She is proficient in a variety of methodologies including leadership framework development, psychological profiling & assessment, and design of talent management frameworks.

Niyathi holds an MBA in HR from the Symbiosis Centre for Management and Human Development, Pune and an executive certification in organization development from ISB Hyderabad. She leads People Operations for the group and double hats as a member of the marketing & branding team. She recently joined the elite Business World People 40 under 40 2020 list.

Jasveen Saluja

Director

She’s been a serial entrepreneur and comes in over a decade of experience in running her own company specialising in interior design. With an astute sense of business, she is responsible for business development, procurement, project planning and government liaisoning. She has a degree in commerce and fashion designing.

Dhruv Sharma

Advisory Team

Mr. Dhruv Sharma, has been associated with Solar Manufacturing in India since 2008. As the CEO of Jupiter Solar, he has played a pivotal role in the transformational journey of the company. He is responsible for leading the development and execution of the company’s vision, strategy and plans.

His understanding of the business has been instrumental in evolving growth strategies and significantly contributed to implementation of the group’s expansion and diversification into solar power sector.

Additionally, as Chief Business Manager at Premier Energies, he holds the responsibility of leading the foray of the Company into Solar cell manufacturing, focusing on Technology, Vendor relationships, Project management, Organization building and Key Account Marketing.