Insolation Energy Wins 4.25 Billion Rupee MSEDCL Solar Project

JAIPUR — Insolation Energy Limited announced on August 24, 2026, that its wholly-owned subsidiary, Insolation Green Energy Private Limited, received Letters of Award (LOA) to establish nine solar power projects across Maharashtra.

The project, awarded by the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL), carries a total investment value of approximately 4.25 billion Indian rupees ($50.8 million), including GST. The installations will generate sustainable energy under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 initiative, securing a 25-year Power Purchase Agreement (PPA).

Project Specifications and Financial Metrics

The tariff-based competitive bidding process establishes fixed levelized returns over the project lifecycle:

• Generation Capacity: The nine projects aggregate to a total generation capacity of 99 MW AC (128.70 MW DC).

• Agreed Power Tariff: Power will be supplied to MSEDCL at a finalized levelized tariff of ₹2.90 per unit (kWh).

• Annual Revenue Projection: The facilities are estimated to generate 205.92 million units annually, yielding ₹59.72 crore in recurring yearly revenue.

• Execution Timeline: Project commissioning is scheduled within 18 months from the official execution of the PPA.

Financial Overview and Operational Parameters

Official Sources Section

Regulatory disclosures regarding the LOA were submitted under Regulation 30 of the SEBI Listing Regulations to BSE Limited (BSE: 543620) and the National Stock Exchange of India (NSE) (NSE: INA). Corporate details are available via the official portal of Insolation Energy Limited.

Official Statements

"According to officials in corporate regulatory filings, the awarded projects under Mukhyamantri Saur Krushi Vahini Yojana 2.0 will provide a sustainable and stable revenue stream of ₹59.72 crore per annum throughout their operational life of 25 years."

Why It Matters

The contract bolsters India's decentralized solar power generation infrastructure, delivering dedicated daytime solar power to agricultural feeders in rural Maharashtra. For investors and market participants, the ₹4.25 billion project provides Insolation Energy with long-term cash flow visibility over a quarter-century PPA duration.

Key Facts at a Glance

• Total Capacity: 99 MW AC / 128.70 MW DC across 9 site locations.

• Total Investment: Approximately ₹425 crore (including GST).

• Annual Revenue: ₹59.72 crore expected per year for 25 years.

• Contract Scope: Decentralized ground-mounted solar power plants under competitive tariff bidding.

Frequently Asked Questions

Which government scheme covers this solar project?

The project was awarded by MSEDCL under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme for agricultural solarization in Maharashtra.

What is the power purchase tariff rate secured by Insolation Energy?

The project was won via tariff-based competitive bidding at a levelized rate of ₹2.90 per unit (kWh).

How long is the project execution period?

Insolation Green Energy Private Limited is required to commission all nine solar power plants within 18 months from the date of PPA execution.

Source: Official regulatory disclosures filed with BSE Limited, the National Stock Exchange of India, and Insolation Energy Limited.