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Premier Energies Raises ₹ 200 Crore from GEF Capital

Telangana based Solar equipment manufacturer Premier Energies has raised private equity worth ₹ 200 crore from GEF Capital, a private equity manager focused on investing in climate solutions.

According to a statement by Premier Energies “(it) will use the funds as growth capital to enhance its solar PV cell and module manufacturing capacity“.

The company will invest this equity capital to consolidate its presence as a leading integrated solar cell and module manufacturer by adding a capacity of 2 GW cell manufacturing and 2 GW of module manufacturing based on the latest Monocrystalline PERC technology.