Solar Factory Stock photos by Vecteezy
In a significant development for India’s renewable energy sector, Insolation Energy Limited has announced that its subsidiary has secured a major loan to fund a new manufacturing facility.
The Indian Renewable Energy Development Agency Limited (IREDA) has officially sanctioned a loan of ₹1,134 Crores to Insolation Green Energy Private Limited, a wholly-owned subsidiary of Insolation Energy. The sanction was confirmed in a letter dated 17th September, 2025.
This substantial funding is earmarked for financing a new 4.5 GW Solar Cell Manufacturing facility. The plant is being set up in Narmadapuram, Madhya Pradesh.
The total cost of this project is estimated to be approximately ₹1,512 Crores. While IREDA’s loan covers the majority of the cost, the company plans to fund the remaining ₹378 Crores through its own internal accruals.
This move is a key part of the company’s strategic plan for backward and forward integration across the solar energy value chain.
By manufacturing solar cells, the company is taking a significant step in its backward integration journey, gaining more control over its supply chain.
Looking ahead, the group has set ambitious targets for the next two years, aiming for a total cumulative manufacturing capacity of:
- 7 GW in PV Module Manufacturing
- 4.5 GW in Solar Cell Manufacturing
- 18,000 MTA in Aluminium Frame Production
Furthermore, the company proposes to plan for 3 GW of Ingot & wafer manufacturing by the year 2028.
Insolation Energy compliance:
This disclosure was made to the BSE stock exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The intimation was signed for and on behalf of Insolation Energy Limited by Nitesh Sharma, Company Secretary & Compliance Officer.
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