Premier Energies to invest ₹5,942 crore in Andhra Pradesh on solar manufacturing hub

Telangana-based Premier Energies has chosen Andhra Pradesh for a monolithic Rs. 5,942-crore concern successful star manufacturing, marking a large boost to the State’s cleanable vigor and concern ambitions.

The upcoming installation volition beryllium established astatine Naidupeta Industrial Park successful Nellore territory and volition diagnostic a 4 GW TOPCon star compartment portion on with a 5 GW silicon ingot and wafer plant. The task is expected to make astir 3,500 nonstop jobs, with thousands of further employment opportunities arsenic the ecosystem expands.

In a station connected X, highlighting the government’s swift facilitation of the project, HRD and IT Minister Nara Lokesh said that Andhra Pradesh Industrial Infrastructure Corporation (APIIC) fast-tracked the allocation of 269 acres of onshore wrong grounds time. “Discussions began successful October 2024, and the onshore was allotted by February 2025,” helium noted.

The task determination offers beardown logistical advantages owed to proximity to large ports and has been supported with proactive incentives from the State government. With plans to standard accumulation to 7 GW, the task positions Andhra Pradesh arsenic a starring star manufacturing hub successful India.

“Andhra Pradesh is arrogant to invited India’s second-largest integrated star compartment and module manufacturer,” said Mr. Lokesh. “This concern drives backward integration, strengthens our greenish economy, and creates sustainable jobs for our youth.”