Premier Energies commissions 7GW solar cell manufacturing facility at Naidupeta, Andhra Pradesh
A energy transition development with market-wide reach.
· Business Standard Mkts, BS Companies
Premier Energies has commissioned its 7 GW N-type TOPCon G12R solar cell manufacturing facility at Naidupeta, Andhra Pradesh and starts trial runs, taking the company's total solar cell capacity to 10.6 GW ( India's largest cell manufacturer ). Spread across 101 acres and developed at a capital expenditure of Rs 3,293 crore, the facility is India's largest solar cell manufacturing plant.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.
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