Insolation Energy subsidiary secures major solar plant orders

Insolation Green Energy Private Limited, a wholly-owned subsidiary of Insolation Energy, has been awarded Letters of Intent (LOIs) for the design, survey, supply, installation, testing, commissioning, operation, and maintenance of 226.45 MW SPV solar power plants. These projects fall under the PMKUSUM Component A Scheme for Jaipur Vidyut Vitran Nigam Limited (JVVNL) across 20 sites and Ajmer Vidyut Vitran Nigam Limited (AVVNL) across 115 sites. The subsidiary will provide O&M services for 25 years from the COD of these grid-connected solar power plants.

The combined SPV solar power plants will deliver levelized tariffs ranging from Rs. 2.60 to Rs. 3.04 per unit across various sites. The total investment for setting up these plants is estimated at approximately Rs. 750 crores (including GST). These projects are projected to generate annual revenue of Rs. 98,46,84,800 from total annual generation of 36,23,20,000 Kwh, with execution anticipated in the financial year 2026-27.