Premier Solar sets up state – of – the – artfully automatic 200 MW Solar Module Manufacturing facility & forays into Eco – friendly solar powered Hybrid e – vehicles segment!

Hyderabad

Hon’ble Minister Shri K. T. Rama Rao, to inaugurate the Manufacturing Plant & Hon’ble Minister Shri Harish Rao will launch the e- vehicles on Saturday, July 29th, 2017 at Annaram Village, Sanga Reddy District.

Premier Solar– a fully integrated end to end solar solution provider having interest in Manufacturing of Solar Cells and Modules, System Integration as a solar EPC provider and Independent Power Generation, announcedthe setting up of 200 MW automated solar module manufacturing facility in Sanga Reddy district of Telangana and its foray into value added innovative solar products, at a press conference on Wednesday. Mr.Surender Pal Singh, Chairman; Mr Chiranjeev Singh Saluja, Managing Director; Mr.Bipindeep Singh Saluja, Executive Director; Mr KarthikPolsani, Executive Director, Mr.SudhirMoola, Executive Director and Mr Vishnu Hazari, CEO at Premier Solar briefing media said, Shri K. T. Rama Rao, Hon’ble Minister of IT, MAUD, Government of Telangana will be formally inaugurating the Fully Automatic 200 MW Module manufacturing Plantand and Shri Harish Rao, Hon’ble Minister of Irrigation, Marketing & Legislative Affairs will grace the occasion by launching the solar powered e-vehicles on Saturday, July 29th 2017 at Annaram Village, Sanga Reddy District.

Premier Solar is expanding its manufacturing capacity by adding a state-of-the-art fully automatic 200 MW solar module manufacturing facility and with this expansion, the cumulative manufacturing capacity stands at 375 MW for modules and 50 MW for Solar Cell. This initiative propels Premier Solar to the top league of solar module makers and now will rank the company amongst the five leading manufacturers in the country. This facility has created jobs for over 500 people, both direct and indirect.

 

This round of expansion will give a major impetus to our growth and we see Premier Solar manifesting into a key player in this sunrise industry. The ambitious target of 100 GW by 2022 set by the Government for solar power generation will involve commissioning of projects across the length and breadth of the country and that's a tremendous opportunity for us, says Mr. Surender Pal Singh.

Premier Solar is also leveraging its expertise in the domain of solar energy by launching innovative and eco-friendly solar powered Hybrid e-vehicles. These vehicles will be in the form of Solar e-Rickshaws, Solar Cycle Rickshaws, Solar e-Bikes and Solar Bicycles. The Company will initially market its brand of e-vehicles in Telangana and Andhra Pradesh and will expand its reach nationally in due course.

The Solar Cycle Rickshaw developed by Premier Solar is designed to be commercially viable, with low maintenance and can run 25-30kms on a clear sunny day without any conventional charging for batteries. It is light weight with proven crystalline technology, alternatively pedal assisted with optional electrical charging.

According to Mr. Chiranjeev Singh Saluja, being a leading provider of solar solutions for over 22 years, Premier will continue to invest in innovation and is currently building a one of its kind 20 MW canal bank & canal top project in Uttarakhand. Premier has a project pipeline of over 100 MW in power plants and rooftop solar. Premier is planning to to expand the cell manufacturing line and build a 1 GW solar cell plant and expects to commission the first phase of 250 MW by September 2018 through an international joint venture.

Shri Harish Rao, Hon’ble Minister of Irrigation, Marketing & Legislative Affairs will inaugurate the children’s park and distribute 24 special cycle rickshaws to the differently abled residents of Jinnaram Mandalas part of Premier’s CSR Initiative.

About Premier Solar

Over two decade old Premier Solar, is promoted by technocrats with deep technical expertise and business experience in solar. Premier is in the business of manufacturing of Solar Cells & Modules, Solar EPC, Solar Water Pumps, Solar E-Vehicles, Solar based microgrids and an Independent Power Producer. Premier’s modules have been used in over 22 countries across the world and currently having interest in 125 MW of solar power plants across India. Premier has installed over 10,000 water pumps for agriculture and drinking water across 9 states in India. It has establishedan additional state-of-the-art fully automatic 200 MW solar module manufacturing facility at Hyderabad and boasts of a strong R&D team to constantly innovate and design products. Premier Solar, has electrified 200+ remote, inaccessible habitants, tandas in the state of Telangana, Andhra, UP, Rajasthan and the project was recognized and awarded the International Project of the year by Renewable Energy World USA 2013.

The Company has established a niche for itself in the Solar Industry with several value additions and its Solar panels come with a guarantee of 25 years on output performance. Premier Solar earned the prestigious certificate of quality IEC 61215 Ed 2 from TUV, Germany, ISO 9001-2008 from TUV SUD Germany and ISO 14001:2004 from BMQR. It has the distinction of attaining 100% growth rate for the last 5 years while winning laurels through National Awards and International awards for Excellence in Performance, Entrepreneurship and Exports