Insolation Energy Limited has taken a significant step towards expanding its solar power capabilities by establishing three new wholly-owned subsidiaries through its subsidiary, Insolation Green Energy Private Limited. The company announced the incorporation of these entities on September 17, 2025, as part of its strategic move to strengthen its position in the renewable energy sector.

New Subsidiaries and Their Purpose

The three newly incorporated subsidiaries are:

1. NVJG Green Infra Private Limited
2. PGNJ Green Infra Private Limited
3. SRGE Green Infra Private Limited

These companies have been set up as special purpose vehicles (SPVs) with the primary objective of developing solar power plants. Each subsidiary has been incorporated with an authorized share capital of Rs. 1,00,000.00, divided into 10,000 equity shares of Rs. 10.00 each.

Scope of Operations

The new subsidiaries will focus on various aspects of solar power plant development, including:

• Erection, installation, and construction of solar power plants
• Operation and maintenance of renewable energy facilities
• Consultancy services for renewable energy power plants
• Design, supply, and commissioning of rooftop solar photovoltaic projects
• Comprehensive operation and maintenance (O&M) of rooftop solar installations

Corporate Structure and Ownership

Insolation Green Energy Private Limited, a wholly-owned subsidiary of Insolation Energy Limited, will hold 100% equity in each of these new SPVs. This structure allows Insolation Energy to maintain full control over the new entities while potentially benefiting from operational and financial efficiencies.

Current Status

It's important to note that these newly incorporated subsidiaries are yet to commence their business operations. The company is likely in the process of setting up the necessary infrastructure and obtaining required approvals to begin their activities in the solar power sector.

Industry Impact

This move by Insolation Energy Limited reflects the growing emphasis on renewable energy in India. By creating dedicated subsidiaries for solar power plant development, the company is positioning itself to capitalize on the increasing demand for clean energy solutions and contribute to the country's sustainable energy goals.

As these newly formed subsidiaries begin their operations, the renewable energy sector in India may see increased activity in solar power plant development and related services. Insolation Energy's strategic expansion could potentially lead to new job creation and technological advancements in the solar energy field.

Insolation Energy Limited has announced a series of strategic moves to strengthen its position in India's solar energy sector, including the formation of multiple subsidiaries and securing significant contracts.

New Subsidiaries for Solar Power Development

Insolation Energy, through its wholly-owned subsidiary Insolation Green Energy Private Limited, has incorporated several new entities to spearhead its solar power initiatives:

• NRJG Green Infra Private Limited
• DEGP Green Infra Private Limited
• MJEV Green Infra Private Limited
• EGPN Green Infra Private Limited
• PHDJ Green Infra Private Limited
• VJMG Green Infra One Private Limited

Each of these special purpose vehicles (SPVs) has been established with an authorized share capital of Rs. 1.00 lakh, divided into 10,000 equity shares of Rs. 10 each. The primary focus of these entities will be on solar power plant development, including erection, installation, construction, operation, and maintenance, as well as consultancy services for renewable energy projects.

Major Contract Award

In a significant business development, three of Insolation Energy's subsidiary companies - Insolation Green Infra Private Limited, MGVI Green Infra One Private Limited, and MGVI Green Infra Two Private Limited - have been awarded Letters of Award (LOA) by Jodhpur Vidyut Vitran Nigam Limited (JDVVNL) under the PMKUSUM Component A Scheme.

The contract details include:

• Project Scope: Design, survey, supply, installation, testing, commissioning, and operation & maintenance of grid-connected solar power plants
• Total Capacity: 34 MW across 17 sites
• Contract Duration: 25 years of operation & maintenance from the date of commissioning
• Tariff Rates:
  • Rs. 3.02 per unit for 1 site
  • Rs. 2.70 per unit for 13 sites
  • Rs. 2.65 per unit for 3 sites

Financial Impact

The contract is expected to lead to an investment of approximately Rs. 113.00 crores (including GST) for setting up the 34 MW solar power plants. The projected annual revenue from these plants is estimated at Rs. 14.74 crores, based on the following breakdown:

These developments mark a significant expansion in Insolation Energy's operational capacity and underscore the company's commitment to growing its presence in India's renewable energy sector. The creation of multiple subsidiaries and the securing of substantial contracts position Insolation Energy for potential growth, aligning with India's push towards sustainable energy solutions.