Insolation Energy, a solar energy company, has secured significant orders worth INR 372.20 crore. The company has received a Letter of Award (LOA) from Rajasthan Renewable Energy Corp. Ltd (RREC) for the installation of rooftop solar plants on government and state-run undertaking buildings in Jaipur, Dausa, and Churu districts. The project, which will be executed under the hybrid annuity model, includes design, supply, erection, testing, and commissioning, as well as 25 years of comprehensive operation and maintenance. The aggregate sales consideration for this project is INR 340.20 crore.
In addition to this, Insolation Energy has also secured an order with Teerth Gopicon for the supply of 46,297 solar PV monocrystalline modules, valued at INR 32 crore. This combined, the two sales orders will add INR 372.20 crore to the company’s revenue.
These significant orders highlight Insolation Energy’s growing presence in the solar energy sector and its capabilities in executing large-scale solar projects. The company’s track record of delivering high-quality solar solutions has earned it recognition from major clients like RREC, making it a go-to partner for solar energy requirements. With this influx of new orders, Insolation Energy is poised for significant growth and expansion in the coming years.