Insolation Energy Limited has received 45 acres of land from the Madhya Pradesh government to establish a solar manufacturing facility. The proposed unit will feature a production capacity of 3 GW for solar cells, 4 GW for solar modules, and 24,000 metric tonnes of aluminium frames.
The project will be developed by Insolation Green Energy, a subsidiary of Insolation Energy, within the Power and Renewable Energy Equipment Zone in Narmadapuram, Madhya Pradesh. It will be implemented in two phases, requiring a total investment of Rs 18 billion. The company aims to scale its operations and achieve a consolidated revenue target of Rs 80 billion.
In November 2024, Insolation Energy secured a Rs 5 billion contract from Rajasthan Renewable Energy Corporation Limited for the installation of 77 MW rooftop solar plants across Jaipur, Ajmer, and Kota, with operations and maintenance for 25 years under a hybrid annuity model and an 18-month completion timeline.
