Insolation Energy 's wholly owned subsidiary, Insolation Green Energy Private Limited, has received a significant boost for its solar manufacturing ambitions. The company has secured a loan sanction of ₹1,134.00 crores from the Indian Renewable Energy Development Agency Limited (IREDA) to finance a new 4.5 GW Solar Cell Manufacturing facility in Madhya Pradesh.

Project Details

The total project cost is estimated at ₹1,512.00 crores, with the remaining ₹378.00 crores to be funded through internal accruals. The state-of-the-art facility will be located at Plot No-P-4, Manufacturing Zone for Power and Renewable, Mohasa Babai, Makhan Nagar, Narmadapuram, Madhya Pradesh.

Strategic Expansion

This move represents a significant step in Insolation Energy's backward integration strategy within the solar energy value chain. The company is progressing as per its plans for both backward and forward integration across the entire solar energy spectrum.

Future Capacity Plans

Within the next two years, the Insolation Energy group has ambitious plans for its manufacturing capabilities:

Additionally, the company has proposed plans for 3.00 GW of Ingot & wafer manufacturing by 2028, further solidifying its position in the solar energy sector.

Expansion through Subsidiaries

In a related development, Insolation Green Energy Private Limited has incorporated several new wholly-owned subsidiaries as special purpose vehicles (SPVs) for setting up solar power plants. These include:

1. DJRG Green Infra Private Limited
2. NVJG Green Infra Private Limited
3. PGNJ Green Infra Private Limited
4. SRGE Green Infra Private Limited
5. GNVP Green Infra Private Limited
6. MGPE Green Infra Private Limited
7. PRMJ Green Infra Private Limited

These SPVs will focus on solar power plant development, erection, installation, construction, operation, and maintenance. They will also provide consultancy services for renewable energy power plants and handle the design, supply, erection, testing, and commissioning of rooftop solar photovoltaic power projects.

The strategic expansion and substantial loan sanction underscore Insolation Energy's commitment to strengthening its position in India's growing renewable energy sector. As the country pushes for greater adoption of clean energy, companies like Insolation Energy are poised to play a crucial role in meeting the increasing demand for solar power solutions.

Insolation Energy Limited has taken a significant step towards expanding its solar power capabilities by establishing four 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 four newly incorporated subsidiaries are:

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

While the initial three subsidiaries are yet to commence their business operations, DJRG Green Infra Private Limited has been incorporated with a specific focus on solar power plant development, erection, installation, construction, operation, and maintenance. It will also handle consultancy for renewable energy power plants and comprehensive operation and maintenance of rooftop solar photovoltaic power projects.

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.