Premier Energies

What Premier Energies does

Premier Energies Limited is an India-based integrated solar PV manufacturer headquartered in Hyderabad, Telangana, producing monocrystalline solar cells (Mono PERC and TOPCon) and assembling them into modules. As of FY2026 the company operates 10.6 GW of cell capacity and 11.1 GW of module capacity, anchored by an automated TOPCon line at the E-City, Hyderabad facility and a fully automated 5.6 GW G12R zero-busbar TOPCon module line in Seetharampur, Telangana commissioned in March 2026. Its cell portfolio spans P-Type Mono PERC Bifacial (182mm format, up to 23.7% efficiency, 75% bifaciality) and G12R Bifacial TOPCon (182.2mm x 210mm, up to 25.2% efficiency, 85% bifaciality, anti-PID degradation as low as 0.5%); modules span 108-144 cell configurations with output ranging from 380-670 W. The product range is rounded out by the NeoBlack Series all-black G12R DCR module for rooftop applications and a planned 6 GWh Battery Energy Storage Systems facility targeted for March 2027.

The business model is enterprise-led B2B hardware sales of solar cells and modules under multi-year contracts, with FY26 revenue of Rs 7,824.37 crore (+20.03% YoY) generated from domestic Independent Power Producers, module manufacturers, and EPC contractors. Premier Energies served this customer base via an order book of Rs 14,010 crore as of March 31, 2026 (+66% YoY), with margins supported by silver-price hedging (FY26 EBITDA margin 30.3%). A secondary channel routes products to rooftop installers such as Solar Square for distributed/residential and commercial segments. Premier Energies went public via a Rs 2,830 crore IPO in August 2024, is listed on NSE/BSE (ticker PREMIERENE), and is pursuing vertical integration upstream (planned ~10 GW ingot-wafer capacity) and downstream (Transcon Ind 51% acquisition for power transformers; Hexa Energy BH Five 26% stake for captive clean energy). Regulatory positioning is anchored by ALMM List-I and List-II approval, which qualifies the company for projects under the June 2026 DCR/ALMM mandate. A board-approved Rs 5,000 crore QIP fundraising plan and a Rs 12,500 crore multi-year capex programme underpin continued capacity and product-line expansion through FY30.

Name

Premier Energies

Legal name

Premier Energies Limited

Website

https://premierenergies.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Premier Energies Limited is an India-based integrated solar PV manufacturer producing Mono PERC and TOPCon cells (10.6 GW) and modules (11.1 GW), selling to domestic IPPs, module OEMs, EPC contractors, and rooftop installers. The publicly listed firm is expanding into ingot-wafer, BESS, and power transformers.

Ownership category

akta.pro rank

Product category

Solar Photovoltaic Cells and Modules Manufacturing

NAICS

Other Electronic Component Manufacturing (334419), Battery Manufacturing (335910)

SIC

Semiconductors & Related Devices (3674), Electronic Components, Nec (3679)

akta.pro primary industry

Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)

akta.pro secondary industries

Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB), Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK), Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)

Keywords

• Solar cell manufacturing
• Solar module manufacturing
• Photovoltaic products
• TOPCon solar technology
• Mono PERC cells

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Solar Cell and Module Sales: Core revenue from sale of Mono PERC and TOPCon solar cells (10.6 GW capacity) and solar modules (11.1 GW capacity) to IPPs, module manufacturers and EPC contractors. Q4 FY26 alone generated Rs 2,230.30 crore in revenue, with full FY26 revenue of Rs 7,824.37 crore (+20.03% YoY). Includes a Rs 14,010 crore order book as of March 31, 2026 with Rs 2,577 crore (1,600 MW) secured in Q4 FY26 for execution across FY27-28.
2. Independent Power Producer (Captive Generation): Operates a 2 MW solar power plant commissioned in 2012 under the Jawaharlal Nehru National Solar Mission in Jharkhand, India. The Hexa Energy BH Five acquisition (May 2026, INR 68.70 crore for ≥26% stake) is intended to deliver clean energy directly to Premier Energies' Solar PV Cell Manufacturing Project in Naidupeta, Andhra Pradesh.
3. Capital Markets / Equity Fundraising: Public listed company (CIN: L40106TG1995PLC019909). Board approved raising up to Rs 5,000 crore via equity shares, non-convertible debentures with warrants, or other eligible securities through QIP or other permissible modes. Earlier raised Rs 2,830 crore via IPO; GEF Capital Partners realized 22.5x returns via IPO on a Rs 177 crore September 2021 investment.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Premier Energies manufactures and sells integrated solar photovoltaic cells (Mono PERC Bifacial P-Type and G12R Bifacial TOPCon N-Type) and solar modules (P-Type Monofacial and Bifacial Dual Glass/Transparent Back Sheet in 108–144 cell configurations, plus the NeoBlack all-black G12R DCR module) at 10.6 GW cell and 11.1 GW module capacity. Customers include Indian domestic Independent Power Producers, module manufacturers, EPC contractors, and rooftop solar installers such as Solar Square, with a Rs 14,010 crore order book as of March 2026.

Product overview

Premier Energies Limited is an integrated solar PV manufacturer and supplier headquartered in Hyderabad, Telangana, India, offering a vertically aligned product platform spanning solar cells, solar modules, and adjacent clean-energy adjacencies rather than a single standalone product. At the foundation are two solar cell families — the Mono PERC Bifacial Solar Cell (P-Type, 182mm format, up to 23.7% efficiency) and the G12R Bifacial TOPCon Solar Cell (N-Type, 182.2mm × 210mm, up to 25.2% efficiency) — produced at the E-City, Hyderabad facility and the Annaram Village, Telangana factory on an automated TOPCon line. These cells feed three solar module architectures — the P-Type Monofacial Module M-10 HC, the P-Type Bifacial Transparent Back Sheet Module M-10 HC, and the P-Type Bifacial Dual Glass Module M-10 & G-12 HC — sold across 108/120/132/144-cell configurations spanning 380–670 W. The flagship retail-focused extension is the NeoBlack Series, an All-Black G12R DCR Solar Module launched in April 2026 for the rooftop market. The integrated platform is further extended into downstream assets (a 2 MW Independent Power Producer solar plant in Jharkhand commissioned in 2012), planned Battery Energy Storage Systems (6 GWh target by March 2027), and recently announced upstream ingot-wafer capacity and a power-transformer entry via the 51% Transcon Ind Limited acquisition — all tied together by the ₹12,500 crore capital expenditure programme to expand across the solar manufacturing value chain. With FY 2026 manufacturing capacity of 10.6 GW for solar cells and 11.1 GW for solar modules and ranking in Wood Mackenzie's 2026 Top 25 Global PV Manufacturers, Premier Energies operates as a fully integrated solar manufacturing platform rather than a single-product company.

Differentiator

Problem solved

Functional benefit

Brands

• NeoBlack Series: India's first All-Black G12R DCR Solar Module launched at RenewX Chennai in April 2026, targeting residential and commercial rooftop solar market with 600-630 Wp capacities using TOPCon cell technology.

Products and services

• Mono PERC Bifacial Solar Cell India's first Mono PERC Bi-facial Solar Cell in 182mm x 182mm format; monocrystalline P-Type bifacial cell with average conversion efficiency of 23.7%, bifaciality factor of 75%, power temperature coefficient as low as -0.32%/°C, and PID degradation as low as 0.5%. Sold to module manufacturers, IPPs and EPC contractors for use in solar PV module assembly.
• G12R Bifacial TOPCon Solar Cell G12R Monocrystalline Bifacial TOPCon Cell in 182.2mm x 210mm format with industry-leading conversion efficiency of up to 25.2%, bifaciality factor of 85%, power temperature coefficient as low as -0.30%/°C, and PID degradation as low as 0.5%. Manufactured on the automated TOPCon line at E-City, Hyderabad and sold to module manufacturers, IPPs and EPC contractors.
• P-Type Monofacial Solar Module M-10 HC Monofacial module built with India's first M10 (182mm) Gallium-doped wafer cell in 108/120/132/144-cell configurations; power output ranges from 385-415 W (108-cell) up to 515-555 W (144-cell), backed by a 25-year power output warranty and intended for utility-scale, C&I and rooftop solar installations.
• P-Type Bifacial Transparent Back Sheet Solar Module M-10 HC Bifacial transparent back sheet module with M10 (182mm) cells in 120/132/144-cell configurations; power output from 435-460 W up to 525-555 W, backed by a 30-year power warranty and 12-year product warranty for utility-scale, C&I and ground-mount solar projects.
• P-Type Bifacial Dual Glass Solar Module M-10 & G-12 HC Bifacial dual glass module made with India's first M10 (182mm) or G12 (210mm) cell, featuring ARC coated high transmission 2 mm glass and 10/12 bus-bar half-cut cells; provides up to 30% additional power generation versus conventional P-type modules, with first-year degradation <2.0%, year-over-year 0.45%, and 30-year power warranty. Power output up to 530-560 W (M10 144-cell) and 640-670 W (G12 132-cell).
• NeoBlack Series - All-Black G12R DCR Solar Module India's first All-Black G12R DCR Solar Module with 600-630 Wp capacity built using next-generation TOPCon cell technology; 12-year product warranty and 30-year power output warranty; aesthetic all-black design targeted at residential and commercial rooftop solar customers under the PM Surya Ghar Yojana initiative.

Quantifiable outcome

• Q4 FY26 revenue Rs 2,230.30 crore (+37.6% YoY); PAT Rs 456.83 crore (+64.44% YoY)
• +7 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Hexa Energy BH Five Private LimitedcoreStrategic or Co-development Partner · 1 May 2026Premier Energies, through its wholly owned subsidiary Premier Energies Global Environment Private Limited, approved the acquisition of at least a 26% equity stake in Hexa Energy BH Five Private Limited for approximately INR 68.70 crore. Hexa Energy is a special-purpose vehicle set up in April 2025 in Gurgaon, Haryana, focused on renewable energy generation and transmission. The electricity generated will be used to support Premier Energies' Solar PV Cell Manufacturing Project in Naidupeta, Andhra Pradesh, enabling direct use of clean energy in manufacturing.
• Transcon Ind Limited (Transcon)coreStrategic or Co-development Partner · 1 October 2025Premier Energies approved an agreement to acquire a 51% stake in Hyderabad-based Transcon, a transformer manufacturing firm established in 2003, for INR 5.003 billion, marking Premier Energies' entry into the power transformer segment and strengthening its position in India's renewable energy market.
• KSolare Energy Private Limited (proposed; later called off)minorStrategic or Co-development Partner · 1 October 2025Premier Energies (jointly with Syrma SGS Technology) proposed to acquire a 51% equity stake in KSolare Energy Private Limited for ~₹86.7 crore (~$9.9 million) to expand into residential solar PV inverter market. The deal was officially terminated in May 2026 following mutual discussions, with no material financial impact.
• Syrma SGS Technology Limited (joint venture partner; later unwound)minorStrategic or Co-development Partner · 1 October 2025Syrma SGS was Premier Energies' joint venture partner in the proposed 51% acquisition of K-Solare Energy (a residential solar PV inverter company). The proposed acquisition was mutually terminated in May 2026 after non-fulfillment of conditions precedent. Both companies remain committed to the solar inverter and renewable energy electronics segment.
• Azure Power Global LimitedcoreStrategic or Co-development Partner · 1 June 2022Module Supply Agreement for up to 600 MW of solar modules annually for four years, alongside equity investment of INR 1,000 million ($12.9 million) including subscription to shareholding in Premier Energies Investment Private Limited (26% stake). Part of India's Make in India initiative to de-risk Azure's supply chain and support the planned 1 GW manufacturing facility in Telangana.
• Solar SquarecoreChannel Partner/ Reseller/ DistributorRooftop solar solutions company Solar Square sources solar cells and panels primarily from Premier Energies for its distributed/residential rooftop installations. Solar Square (Series C backed by B Capital, Lightspeed, Elevation Capital) crossed ₹1,000 crore in annual revenue with 100%+ YoY growth and operates in 25 cities.

Scale indicators12 records

Recent moves9 records

Expansion highlights8 records

Direct peers

• Vikram Solar: Vikram Solar is an Indian solar PV module manufacturer with integrated cell and module manufacturing capacity, serving utility-scale IPPs, EPC contractors, and rooftop customers. It is a direct peer competing for the same Indian DCR/ALMM-compliant supply contracts that drive Premier Energies' order book.
• Waaree Energies: Waaree Energies is India's largest solar PV module manufacturer and a publicly listed direct peer to Premier Energies, operating an integrated cell+module manufacturing footprint with similar G12R TOPCon technology positioning and a comparable ALMM-2.0/DCR compliant domestic supply strategy.
• Adani Solar: Adani Solar is the solar manufacturing arm of the Adani Group, one of India's largest integrated solar cell and module manufacturers with multi-GW capacity. It is a direct peer serving the same domestic IPP/EPC customer base and is also positioning on India's ALMM framework for utility-scale and rooftop solar supply.
• Tata Power Solar Systems: Tata Power Solar is a wholly-owned subsidiary of Tata Power and one of India's largest integrated solar manufacturers and EPC contractors, producing solar cells and modules for utility-scale and rooftop applications. It is a direct peer in cell/module manufacturing with similar DCR-aligned positioning and Tata group balance sheet support.
• RenewSys Solar: RenewSys Solar is the solar manufacturing arm of the Enpee Group and one of India's vertically integrated PV module, cell, and encapsulant manufacturers. It is a direct peer in the Indian ALMM-listed solar manufacturing space, serving utility-scale and rooftop customers with similar technology positioning.
• Emmvee Solar Systems: Emmvee Solar Systems is an Indian solar PV module and cell manufacturer with multi-GW capacity, serving both domestic and international markets. Referenced alongside Premier Energies as one of three Indian solar companies with 75%+ three-year sales CAGR, indicating similar scale and growth profile as a direct competitor.
• Goldi Solar: Goldi Solar is an Indian solar PV module manufacturer with multi-GW capacity based in Surat, Gujarat, serving utility-scale, commercial, and residential solar markets. It is a direct peer competing for ALMM-listed Indian module supply contracts alongside Premier Energies.

Broad incumbents

• LONGi Green Energy: LONGi Green Energy is the world's largest solar wafer manufacturer and a leading integrated cell+module producer, often credited with driving TOPCon adoption. It is a broad incumbent peer whose technology leadership and scale set the competitive ceiling for Premier Energies' vertical integration ambitions in wafers and cells.
• Trina Solar: Trina Solar is a global top-tier solar module and cell manufacturer with vertically integrated operations including polysilicon, wafer, cell, and module production. It is a broad incumbent peer whose technology roadmap (N-type TOPCon, HJT) and scale benchmarks influence Premier Energies' competitive positioning globally.
• JinkoSolar: JinkoSolar is one of the world's largest solar module manufacturers and a global TOPCon technology leader. It is a broad incumbent peer that competes with Premier Energies in global solar module markets (though locked out of the US for Indian exports) and is a key technology benchmark for Premier's TOPCon roadmap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/PremierEnergies
• YouTubeyoutube.com/channel/UCCeUifwpZ_OTqqggsw1notA
• Facebookfacebook.com/premierenergies
• LinkedInlinkedin.com/company/premierenergies

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 records

Funding overview

Funding rounds4 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Premier Energies