Premier Energies’ joint venture, Premier-Green Aluminium, is on the road to invest INR 600 million (USD 6.7 million). This investment will be rolled out in rounds of funding to push the use of aluminium frame projects, aiming to enhance the country’s solar module manufacturing.
To achieve this vision, the firm has issued 25 thousand equity shares with each valued at INR 10 (USD 11), which marks the total value of the shares to be INR 250 thousand (USD 2,793.61) for Nuevosol Energy, its joint venture partner. After allotting the equity shares, Premier Energies will hold a total of 80 per cent ownership, and Nuevosol Energy will hold the remaining 20 per cent.
To produce solar module frames which are purely made of aluminium and its alloys, Premier-Green Aluminium was formed. At present, the firm’s agenda is to gain an impressive production of 36 thousand tonnes of aluminium frames, which shall further support the overall solar module operations.
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Besides this, the firm is also looking to develop an aluminium manufacturing facility, which will be in Phase 1 capacity of 18 thousand tonnes per year. This plant is scheduled to be up and running by March 2027.
In the second quarter of Financial Year 2026, Premier Energies posted a revenue of INR 18.37 (USD 208.5 million), showcasing an impressive increase of 20.3 per cent in comparison to INR 15.27 billion (USD 173.3 million) from the previous year.
The overall credit for the impressive revenue growth is mainly owed to the improved operational efficiency, better product mix and a strong domestic demand. At present, the firm holds the solar cell manufacturing capacity of 3.2 GW and a solar module capacity of 5.1 GW.
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As of September 2025, the company won contracts totalling USD 19.95 million for supplying and installing solar systems in Benin, West Africa. To complete the project, the firm is looking to set up 750 rooftop solar installations at community facilities, likely district police stations, health centres, specialised border surveillance units and schools.
Before this, in June 2025, the firm had launched a 1.2 GW tunnel oxide passivated contract (TOPCon) solar cell manufacturing line in Hyderabad, Telangana. The primary focus behind this launch was to enlarge its solar cell production capacity from 2 GW to 3.2 GW. This significantly unlocked an achievement for the company, where it successfully achieved its goal to create a high-efficiency, fully integrated manufacturing ecosystem, which also includes ingots, modules, wafers and cells.
The company further aspires to expand its manufacturing capacity by June 2026 to 8.4 GW for solar cells and 11.1 GW for modules. Additionally, they mentioned that their TOPCon technology can achieve cell efficiencies of over 25 per cent.
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