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.

Insolation Energy Limited (IEL) has announced a significant expansion of its solar power portfolio through its subsidiaries. The company's wholly-owned subsidiary, Insolation Green Energy Private Limited, and three other subsidiaries have been awarded contracts for solar power projects totaling 260.45 MW under the PMKUSUM Component A Scheme.

Major Contract Awards

Insolation Green Energy Private Limited, a wholly-owned subsidiary of IEL, has received Letters of Intent (LOI) for 226.45 MW of solar power plants from Jaipur Vidyut Vitran Nigam Limited (JVVNL) and Ajmer Vidyut Vitran Nigam Limited (AVVNL). The projects span 135 sites across Rajasthan, with varying tariff rates:

This contract is valued at approximately Rs. 750.00 crores, including GST.

Additionally, three other subsidiaries - Insolation Green Infra Private Limited, MGVI Green Infra One Private Limited, and MGVI Green Infra Two Private Limited - have been awarded Letters of Award for 34 MW of solar power plants by Jodhpur Vidyut Vitran Nigam Limited (JDVVNL). These projects are spread across 17 sites with tariffs ranging from Rs. 2.65 to Rs. 3.02 per unit. The investment required for these projects is approximately Rs. 113.00 crores, including GST.

Project Details

The scope of work for all these projects includes:

• Design, survey, supply, installation, testing, and commissioning
• 25-year operation and maintenance contract for grid-connected solar power plants
• Setting up associated 11 KV lines to connect the plants with various 33/11 KV sub-stations
• Implementing remote monitoring systems (RMS) for the solar power plants

Financial Impact

The combined projects are expected to generate substantial revenue for Insolation Energy and its subsidiaries:

• The 226.45 MW projects are projected to generate 36.23 crore units annually, with an estimated annual revenue of Rs. 98.47 crores.
• The 34 MW projects are expected to generate 5.44 crore units annually, producing a total annual revenue of Rs. 14.74 crores.

Execution Timeline

All projects are slated for execution in the financial year 2026-27, positioning Insolation Energy for significant growth in the coming years.

Strategic Expansion

In preparation for these large-scale projects, Insolation Green Energy Private Limited has incorporated five new wholly-owned subsidiaries as special purpose vehicles (SPVs) for setting up solar power plants:

1. DEGP Green Infra Private Limited
2. MJEV Green Infra Private Limited
3. EGPN Green Infra Private Limited
4. PHDJ Green Infra Private Limited
5. VJMG Green Infra One Private Limited

This strategic move demonstrates Insolation Energy's commitment to expanding its presence in the renewable energy sector and contributing to India's clean energy goals under the PMKUSUM scheme.

The substantial project pipeline not only strengthens Insolation Energy's position in the solar power market but also aligns with the national objective of increasing solar power generation capacity. As these projects come online, they are expected to make a significant contribution to the country's renewable energy targets while providing long-term, stable revenue streams for the company.