Private Equity Fund Investments
Solar PV cells maker Premier Energies raises Rs.200-Cr from GEF Capital Partners
Secunderabad-based Solar PV cells and module manufacturers Premier Energies has raised INR 200 crore from GEF Capital Partners (a spinout from Global Environment Fund). Centrum Capital Ltd was the exclusive advisor to Premier Energies on this transaction. The company will increase its solar cell and module capacity to 2 GW each from 0.75 GW based on the latest Monocrystalline PERC technology with an investment of INR 1,200 crore over the next 2 years. The expansion will happen at its new facility at E-City Hyderabad where it produces a solar module per 18 second. Premier Energies is the OEM supplier for leading brands such as Panasonic and Luminous.
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