Premier Solar commissions 50 MW solar cell plant, enters global markets.

Premier Solar, a panel and EPC company has gone global with projects executed in Africa, Sri Lanka and Bangladesh.

The Hyderabad-based, 20 year old firm has implemented a 1.6 MW solar-diesel hybrid plant (off grid) in Africa. It's the first Indian company to do a big project in solar, the Chief Executive Officer, Karthik Polasani told newspersons recently.

In Bangladesh, it has set a 1.8 MW plant on an island, while in Sri Lanka it has commissioned a project to provide solar street lighting. It plans to expand its offerings in the international market by establishing utility scale plants, he added.

On the domestic front, the company has commissioned a 50 MW solar cell line in Jinnaram, near its existing factory site on the outskirts of Hyderabad. It will be the biggest in the new State of Telangana.

Premier Solar has invested upto $ 10 million in the solar cell line with an annual capacity of 50 MW. With this the company has established a total capacity of 75 MW. It has also successfully commissioned a 2.5 MW tracker based solar plant for Pennar Industries and is building another 5 MW solar plant for another listed company in Telangana, Ajay Reddy, Director said.



HBL