Insolation Energy announced a significant business update for its wholly-owned subsidiary, Insolation Green Energy Private Limited. The company has been awarded Letters of Intent (LOI) for substantial solar power plant projects under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Component A Scheme.

Project Details

The contracts, awarded by Jaipur Vidyut Vitran Nigam Limited (JVVNL) and Ajmer Vidyut Vitran Nigam Limited (AVVNL), cover a total of 135 sites across Jaipur and Ajmer regions. The combined capacity of these solar power plants amounts to 226.45 MW.

Scope of Work

The projects encompass a comprehensive range of services, including:

• Design and survey
• Supply and installation
• Testing and commissioning
• Operation and maintenance for 25 years from the date of commissioning

Additionally, the scope includes the installation of associated 11 KV lines to connect the plants with various 33/11 KV sub-stations and the implementation of a remote monitoring system (RMS) for the solar power plants.

Financial Implications

The contract is expected to lead to an investment of approximately Rs. 750.00 crores, including GST, for setting up the 226.45 MW solar power plants. The execution of these projects is planned for the financial year 2026-27.

Tariff Structure

The final levelized tariffs for the projects vary across different sites:

• Rs. 3.04 per unit for 16 sites
• Rs. 2.82 per unit for 5 sites
• Rs. 2.75 per unit for 53 sites
• Rs. 2.60 per unit for 61 sites

Expected Revenue and Power Generation

The projects are anticipated to generate substantial annual revenue and electricity:

The total annual electricity generation is expected to reach 36.23 crore units, with projected annual revenue of Rs. 98.47 crores.

Company Statement

Nitesh Sharma, Company Secretary & Compliance Officer of Insolation Energy Limited, expressed enthusiasm about this development, stating, "We are thrilled to share another significant business update of our Wholly Owned Subsidiary Insolation Green Energy Private Limited."

This contract marks a substantial step for Insolation Energy in the renewable energy sector, contributing to India's solar power capacity and aligning with the government's PM-KUSUM scheme objectives.

Insolation Energy Limited (IEL), a leading player in India's solar energy sector, has significantly expanded its operational capacity by incorporating 16 new wholly-owned subsidiaries through its subsidiary, Insolation Green Energy Private Limited. This strategic move, executed over three days from September 9 to 11, 2025, positions IEL for substantial growth in the solar power industry.

Rapid Expansion in Solar Infrastructure

The newly formed subsidiaries, all registered as Special Purpose Vehicles (SPVs), are designed to set up and operate solar power plants across various locations. Each SPV is incorporated with an authorized share capital of Rs. 1.00 lakh, divided into 10,000 equity shares of Rs. 10.00 each. This structure allows for focused management and potentially easier project financing for each solar installation.

Diverse Portfolio of Solar Projects

The 16 new entities include:

Comprehensive Solar Solutions

These SPVs are set to engage in a wide range of solar energy activities, including:

• Solar power plant development
• Erection, installation, and construction of solar facilities
• Operation and maintenance of solar power plants
• Consultancy services for renewable energy projects
• Design, supply, and commissioning of rooftop solar photovoltaic power projects

Strategic Implications

This rapid expansion suggests that Insolation Energy Limited is positioning itself to capitalize on the growing demand for solar energy solutions in India. By creating dedicated entities for various projects, the company can potentially streamline operations, manage risks more effectively, and accelerate the deployment of solar infrastructure across different regions.

Market Response and Future Outlook

While the newly incorporated subsidiaries are yet to commence business operations, this move signals IEL's ambitious growth plans in the renewable energy sector. The company's strategy aligns with India's push towards clean energy and could potentially lead to significant market share gains in the coming years.

As these subsidiaries begin operations, investors and industry observers will be keen to see how quickly Insolation Energy can translate this corporate restructuring into tangible solar power capacity and revenue growth.

Regulatory Compliance

Insolation Energy Limited has ensured full compliance with regulatory requirements, making timely disclosures to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's proactive approach in creating these subsidiaries demonstrates its commitment to expanding its solar energy portfolio and contributing to India's renewable energy goals. As the solar sector continues to grow, Insolation Energy Limited appears well-positioned to play a significant role in shaping the country's green energy landscape.