Insolation Energy's Subsidiary Secures Land Allotment for $1 Billion Revenue Aspiration

Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Limited, has received a Letter of allotment of land admeasuring 1,82,108.5 square meters at the manufacturing Zone for Power and Renewable Energy Equipment at Mohasa, Babai, District Narmadapuram, Madhya Pradesh. This early land allocation is a significant step towards the company's ambition of achieving $1 billion in revenue. The new unit will be the fourth and largest manufacturing capacity of the Insolation group, where the company will double its existing solar module manufacturing, add solar cell manufacturing, and integrate aluminum framing for backward integration. The total cumulative capacity of the Insolation group will be 8 GW of solar module manufacturing, 3 GW of solar cell manufacturing, and 36000 MT of aluminum frame manufacturing.