Press Release Summary
Premier Energies Limited has been recognized as a Grade A manufacturer in Wood Mackenzie's Global Solar PV Module Manufacturer Ranking 2026. The company has been ranked among the Top 25 Global and Top 3 Indian Grade A Solar PV Module Manufacturers.
Recognition Details
Wood Mackenzie assessed 48 module manufacturers across 10 countries, representing 65% of global production capacity and 83% of global module shipments. The evaluation criteria included:
- Capacity utilisation
- Technology maturity
- Financial strength
- Supply chain resilience
- ESG performance
- Product reliability
- Research and development capabilities
The Grade A classification serves as an independent benchmark for developers, procurement teams, and asset owners seeking dependable solar module suppliers.
Manufacturing Capacity and Expansion
Premier Energies currently operates 11.1 GW of annual solar PV module manufacturing capacity. The company is on track to expand its annual solar cell manufacturing capacity to 10.6 GW later this year [2026].
Capital Expenditure Program
The company is executing a ₹12,500 crore capital expenditure programme with two primary objectives:
1. Strengthening upstream solar manufacturing capabilities
2. Diversifying into adjacent clean energy segments including:
- Inverters
- Batteries
- Transformers
Management Commentary
Mr. Chiranjeev Saluja, Managing Director, Premier Energies Limited, commented: "Being recognised as a Grade A solar PV module manufacturer by Wood Mackenzie is a significant validation of Premier Energies' manufacturing excellence, technological leadership, and long-term reliability as a solar partner. As global customers increasingly assess suppliers based on quality, scale, financial strength, ESG performance, and supply chain resilience, this recognition reinforces our commitment to building a globally competitive, fully integrated solar manufacturing platform from India."
Strategic Significance
This recognition strengthens Premier Energies' position as a globally competitive Indian solar company and reflects India's growing prominence in the global renewable energy manufacturing landscape.
Company Background
Premier Energies Limited is one of India's largest integrated solar module manufacturers and a publicly listed company with over 30 years of industry experience. The company has been certified as a Great Place to Work® for five consecutive years.