Summary:
HYDERABAD, India, Sept.
24, 2021 /PRNewswire/ -- Premier Energies, one of India"s leading Solar PV Cells & Module manufacturing companies, has raised a Private Equity investment of INR 200 crores in the company by GEF Capital Partners, a global private equity manager focused on investing in climate solutions.
Premier Energies will use the funds as growth capital to enhance its solar PV cell and module manufacturing capacity.
Centrum Capital Limited was the exclusive advisor to Premier Energies on this transaction.
The Company will invest the equity capital to consolidate its presence as a leading integrated solar cell and module manufacturer by adding additional capacity of 2 GW cell manufacturing and 2 GW of module manufacturing based on the latest Monocrystalline PERC technology along with a planned investment of over INR 1200 Crores over the next 2 years.
Surender Pal Singh, Chairman, Premier Energies, said, "We are excited to have a credible partner like GEF Capital on board and the timing of investment is critical for us to capitalize on the huge growth potential presented by the industry." Chiranjeev Saluja, Founder, and Managing Director, said, "We are extremely upbeat about the progressive policy changes brought about by GOI in this sector.