Jaipur-based solar module manufacturer, Insolation Energy (INA), is gearing up to make a significant impact in India’s renewable energy landscape. The company has announced plans to set up a state-of-the-art solar manufacturing facility in Narmadapuram, Madhya Pradesh, marking its first venture outside Rajasthan and fourth overall.
Key Highlights of the Upcoming Facility
- Capacity Expansion:
- 3 GW Solar Cell Manufacturing
- 4 GW Solar Module Manufacturing
- 24,000 MT Aluminum Frame Manufacturing
- Strategic Location and Investment:
- The facility will be developed on a 45-acre plot allotted by the Madhya Pradesh government in the Power and Renewable Energy Equipment Zone.
- Total investment: ₹18 billion (~$211.98 million).
- Phased Execution:
- The project will be executed in two phases, reinforcing INA’s commitment to scaling up production capabilities.
Strengthening India’s Renewable Energy Sector
The expansion aligns with Insolation Energy’s ambitious goal to scale its operations and achieve a consolidated revenue target of ₹80 billion ($942.14 million). The company has already demonstrated its commitment by raising ₹4.02 billion ($47.8 million) for its third facility in Rajasthan, which is set to boost its solar module manufacturing capacity from 1 GW to 4 GW by April 2025.
Contributions to National Renewable Energy Programs
INA’s solar modules are integral to key government initiatives such as:
- Jal Jeevan Mission
- PM-Kusum Yojana
- PM Surya Ghar: Muft Bijli Yojana
This underscores the company’s commitment to supporting India’s clean energy transition.
INA’s Recognition and Achievements
- In July 2024, 187 MW of INA’s solar modules were added to the Approved List of Models and Manufacturers (ALMM) by the Ministry of New and Renewable Energy (MNRE).
- The company was also among six entities awarded contracts to develop 1.5 MW of rooftop solar projects in Rajasthan, contributing to the state’s 45 MW grid-connected rooftop solar initiative.
India’s Solar Manufacturing Momentum
According to the State of Solar PV Manufacturing in India 2024 report by Mercom India Research:
- India added 20.8 GW of solar module capacity and 3.2 GW of solar cell capacity in 2023, highlighting a robust growth trajectory.
Insolation Energy’s new venture in Madhya Pradesh is set to bolster these figures, reinforcing India’s position as a global leader in renewable energy.
FAQs : Solar Manufacturing Facility in Madhya Pradesh.
1. What is the total capacity of Insolation Energy’s new plant?
The plant will have a capacity of 3 GW for solar cells, 4 GW for solar modules, and 24,000 MT for aluminum frame manufacturing.
2. Where is the new facility located?
The facility is being set up in the Power and Renewable Energy Equipment Zone in Narmadapuram, Madhya Pradesh.
3. What is the total investment for the project?
The project requires an investment of ₹18 billion (~$211.98 million).
4. What government initiatives does INA support?
INA contributes to programs like the Jal Jeevan Mission, PM-Kusum Yojana, and PM Surya Ghar: Muft Bijli Yojana.
5. How does this project align with India’s renewable energy goals?
This facility will significantly enhance solar manufacturing capacity, supporting India’s vision of achieving energy independence through clean and sustainable power.