Indian solar cell maker Premier Energies raises $27m from PE firm GEF Capital

Indian solar cell maker Premier Energies raises $27m from PE firm GEF Capital

The Phong Dien solar plant in central Vietnam.

Premier Energies, a solar photovoltaic (PV) cells and module manufacturing company, on Friday said that private equity firm GEF Capital Partners has invested 200 crore in the company. Premier Energies will use the funds as growth capital to enhance its solar PV cell and module manufacturing capacity.

Centrum Capital was the exclusive advisor to Premier Energies on this transaction.

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