INA Solar Secures 38.43 MW Solar Projects Under Component A of PM-KUSUM Yojana
Insolation Energy (INA Solar) has secured 38.43 MW of solar projects under Component A of PM-KUSUM Yojana in Rajasthan, with tariffs of INR 2.880 for 7 sites and INR 3.020 per unit for 21 sites, through LOIs from Ajmer Vidyut Vitran Nigam and Jaipur Vidyut Vitran Nigam.
March 20, 2025. By Mrinmoy Dey
“The combined SPV Solar Power plant will be 38.43 MW from these three LOI with final levelized tariff of INR 2.880 per unit for 7 sites and INR 3.020 per unit for 21 sites,” stated the company in a regulatory filing.
It has received letter of intent (LOI) from Ajmer Vidyut Vitran Nigam for 6 sites. “The total SPV plants capacity will be 9 MW and the final levelized tariff will be INR 2.880 per unit,” it said.
In has received another LOI from Ajmer Vidyut Vitran Nigam for 21 sites for a cumulative plant capacity of 28 MW and the final levelized tariff will be INR 3.020 per unit.
The third LOI is from Jaipur Vidyut Vitran Nigam a 1.43 MW solar plant at the levelized tariff of INR 2.880 per unit.
The scope of work includes design, survey, supply, installation, testing and commissioning including operation and maintenance for 25 years from COD of grid-connected solar power plants through RESCO mode, its associated line 11 KVA line to connect the plant with various 33/11 KVA sub-station and remote monitoring system (RMS) of solar power plants, the mentioned in the filing.
“Our continued success is the direct result of the collective efforts of our exceptional teams across production, sales, and marketing. Their dedication, expertise, and relentless pursuit of excellence have been instrumental in driving Insolation Energy to new heights. This achievement also underscores our commitment to enhancing operational efficiency, optimising working capital, and strategically broadening our customer base,” the company stated in the filing.
Earlier, the company secured 78 MW rooftop solar projects worth INR 340.20 crore in state government buildings in Jaipur, Dausa and Churu districts of Rajasthan under hybrid annuity mode from Rajasthan Renewable Energy Corporation (RREC).
Since its inception in 2017, INA Solar has been driving India’s green energy revolution. Aligned with the ‘Make in India’ initiative, INA Solar is contributing to the nation’s energy security and sustainability.
The company is also ramping up its production capacities to cater to the increased demand. “By 2025-26, INA Solar will achieve a production capacity of 8 GW PV modules, 3 GW solar cells, and 54,000 MTA aluminium frames, reinforcing its leadership in the industry,” shared the company.
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