Insolation Energy (INA Solar), a Jaipur-based solar panel manufacturer, has secured two significant orders totaling INR 372.20 crore (approximately USD 45 million). The first order, valued at INR 340.20 crore, is from Rajasthan Renewable Energy Corporation (RREC) for the design, supply, and installation of rooftop solar projects with a combined capacity of 78 MW on state government buildings in Rajasthan. The project involves a 25-year operation and maintenance (O&M) contract.
The second order is for the supply of 25 MW solar photovoltaic (SPV) MONO Crystalline Modules to Teerth Gopicon, worth INR 32 crore. Both orders are expected to be executed in the 2025-26 financial year.
INE Solar attributes its success to the dedication and expertise of its teams, and the company’s commitment to operational efficiency, working capital optimization, and strategic customer acquisition. Since its inception in 2017, INA Solar has been contributing to India’s green energy revolution and aligning with the ‘Make in India’ initiative. The company is also ramping up its production capacities to meet the growing demand, aiming to achieve a production capacity of 8 GW PV modules, 3 GW solar cells, and 54,000 MTA aluminum frames by 2025-26. This development solidifies INA Solar’s position as a leading solar panel manufacturer in the industry.