Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.

“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, and Rs 2.60 per unit for 61 sites,” the company stated.

The projects will be executed with a total investment of Rs 7.5 billion. Insolation Green Energy will undertake design, survey, supply, installation, testing, commissioning, operation, and maintenance of these plants, scheduled for completion by 2026–27.

Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme aimed to add 30,800 MW of solar capacity by 2022, with total central financial support of Rs 34.42 billion, including service charges for implementing agencies. The scheme was later extended until March 2026 due to pandemic-related delays.

According to the Ministry of New and Renewable Energy, the scheme comprises three components: Component A focuses on 10,000 MW of small solar power plants; Component B involves 1.4 million standalone solar-powered agricultural pumps; and Component C supports the solarisation of 3.5 million grid-connected agricultural pumps.