https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IREDA Approves ₹1,134 Crore Loan to Insolation Green Energy for 4.5 GW Solar Cell Manufacturing Plant in Madhya Pradesh

Strategic investment to boost domestic solar manufacturing and support Atmanirbhar Bharat initiative
Indian Masterminds Stories

Jaipur: In a significant boost to India’s renewable energy manufacturing sector, the Indian Renewable Energy Development Agency Limited (IREDA) has sanctioned a loan of ₹1,134 crore to Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Ltd. The sanctioned funds will finance a state-of-the-art 4.5 GW solar cell manufacturing facility to be established in Narmadapuram district, Madhya Pradesh.

Project Overview: Major Step Toward Manufacturing Self-Reliance

The upcoming facility will be located at Plot No-P-4, Manufacturing Zone for Power and Renewable, Mohasa Babai, Makhan Nagar, Narmadapuram – 461661, Madhya Pradesh. The total estimated project cost stands at ₹1,512 crore, with ₹1,134 crore being funded through the IREDA loan, and the remaining ₹378 crore to be financed via internal accruals of the company.

This investment reflects Insolation Green Energy’s strategic move to become a vertically integrated solar energy company. The facility is designed to manufacture high-efficiency solar cells, and forms a crucial part of the company’s backward integration strategy, aiming to secure control over core components in the solar production value chain.

Read also: ICSE 2025: IREDA CMD Highlights Green Skilling and Innovation as Pillars of India’s Renewable Energy Growth

Future Plans: 3 GW Ingot and Wafer Facility by 2028

Building on the momentum of this project, the company has revealed plans to further expand its manufacturing capabilities. By 2028, Insolation Green Energy intends to establish a 3 GW ingot and wafer manufacturing unit, thereby enabling the company to produce solar products from the raw material stage to finished modules entirely in-house.

This forward-thinking strategy not only enhances quality control and cost efficiency but also strengthens India’s efforts to reduce dependence on imported solar equipment, particularly from countries like China.

Support for Government Initiatives and Green Energy Goals

This development is well aligned with the Government of India’s “Make in India”, Production Linked Incentive (PLI) scheme, and Atmanirbhar Bharat initiative, which emphasize self-reliance in high-tech manufacturing sectors, especially clean energy.

IREDA’s financial support underscores the government’s commitment to fostering a robust domestic renewable energy industry. The project is expected to contribute significantly to achieving India’s target of 500 GW of non-fossil fuel energy capacity by 2030, as outlined in its climate action commitments under the Paris Agreement.

Local Economic Impact: Employment and Infrastructure Development

Apart from its environmental benefits, the manufacturing facility is poised to deliver significant economic value to the region. The project is expected to generate direct and indirect employment opportunities, both during the construction phase and once commercial operations begin. It will also contribute to the development of associated infrastructure and support industries in and around the Narmadapuram district.

A Strategic Milestone for Insolation Energy

Speaking on the development, the company reiterated its commitment to sustainable manufacturing and energy independence. The 4.5 GW solar cell plant is not only a step toward backward integration but also a signal of Insolation Energy’s long-term vision to become a major player in the global solar supply chain.

With rising global demand for renewable energy, such integrated projects are expected to position Indian manufacturers competitively in both domestic and international markets.

Conclusion

The IREDA’s sanctioning of this substantial loan marks a major milestone for both Insolation Green Energy and India’s broader renewable energy sector. It represents a powerful confluence of policy support, industrial ambition, and environmental responsibility—key ingredients for building a sustainable energy future.

About IREDA

Indian Renewable Energy Development Agency Ltd. (IREDA) is a Mini-Ratna (Category – I) Government of India Enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE). It plays a crucial role in financing and promoting renewable energy and energy efficiency projects across India.

Read also: IREDA Secures ₹453 Crore Through Perpetual Bonds, Strengthening Capital for Renewable Energy Projects


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
UP Government Uttar Pradesh Yogi
Uttar Pradesh: Yogi Govt Transfers 8 IAS Officers, Appoints Masoom Ali Sarwar as Waqf Board CEO
Y-Puran-Kumar
Haryana IPS Y Puran Kumar Suicide: IAS Wife Amneet Kumar Files Complaint Against DGP and SP Over Explosive Note
shastri-bhawan
“I Just Couldn't Take It Anymore” - The Untold Story Behind CSS Officer Deepak Khoda’s Suicide Attempt at Shastri Bhawan | Exclusive Interview
grse mou
GRSE Signs Strategic MoU to Boost Indigenous Development of Advanced Naval Navigation Systems
Mazagon_Dock_Shipbuilders_Ltd_Organizes_Diwali_Mela_
Mazagon Dock Shipbuilders Ltd (MDL) Hosts Diwali Mela to Boost Vigilance Awareness and Empower Rural Self-Help Groups
NALCO_MOU_
NALCO Foundation Signs MoU to Boost Skill Development and Livelihood Opportunities for Rural Youth
Concor
Dividend Alert: CONCOR to Announce Q2 FY26 Financial Results and Second Interim Dividend on November 11
ircon and coal india
Coal India Partners with IRCON to Strengthen Rail Network for Seamless Coal Transportation
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
ADVERTISEMENT
UPSC Stories
Jitendra Baghel MPPSC
7 Years, 4 Interviews, Now Dy.SP: How Jitendra Baghel Cracked MPPSC Through Relentless Struggle
Jitendra Baghel’s inspiring journey from a humble farming background to MPPSC Dy.SP showcases relentless...
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Discover how IDES officer Saquib Alam left his corporate job at Mahindra, overcame six UPSC attempts,...
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Read the inspiring journey of IAS Utkarsh Ujjwal, 2023 batch, Gujarat cadre. From IIT Guwahati to clearing...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
UP Government Uttar Pradesh Yogi
Uttar Pradesh: Yogi Govt Transfers 8 IAS Officers, Appoints Masoom Ali Sarwar as Waqf Board CEO
Y-Puran-Kumar
Haryana IPS Y Puran Kumar Suicide: IAS Wife Amneet Kumar Files Complaint Against DGP and SP Over Explosive Note
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
ADVERTISEMENT
ADVERTISEMENT