Comparison of Waaree Energies Ltd and Premier Energies Ltd, two leading solar cell and module manufacturers in India:
- Waaree Energies Ltd: India’s largest solar PV module manufacturer with a total capacity of 13 GW as of June 2024. Known for an extensive product portfolio.
- Premier Energies Ltd: The second-largest integrated solar PV cell and module manufacturer in India.
Manufacturing Facilities
Waaree Energies:
- Operates four facilities in Gujarat, producing multicrystalline and monocrystalline modules.
- Recent 1.5 GW expansion at the Indosolar Facility for high-efficiency modules.
Premier Energies:
- Five units in Hyderabad: Dedicated units for both cell and module production, providing high production capacity to meet increasing solar demand.
Global Presence
Waaree Energies:
- Active in key international markets, including United States, Canada, Italy, Turkey, and Vietnam.
- Established a robust retail network with 369 franchisees across India, focusing on rooftop and MSME sectors.
Premier Energies:
- Strong export footprint with presence in markets such as United States, Hong Kong, South Africa, Norway, Canada, and Germany.
Expansion Plans
Waaree Energies: Current capacity is 12 GW, expanding to 21 GW by 2027.
Phase I: 5.6GW solar cell capacity in development by FY25.
Phase II, Plans for 7 GW solar PV modules, 6 GW solar cells, and 6 GW ingot-wafer production by FY27. New 2 GW module facility in Houston, Texas, operational by FY25, with potential expansion to 5 GW by FY27.
Premier Energies:
- Solar Module: Expanding from 2 GW to 5 GW by early 2025.
- Solar Cell: Doubling from 4 GW to 8 GW.
- Solar Wafer: Initial 2 GW production capacity within the next year.
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
India’s leading manufacturer and supplier of PV Solar Cells and Modules
