Insolation Energy Limited (BSE: 543620) has announced a strategic expansion of its solar power business by incorporating five new wholly-owned subsidiaries through its arm, Insolation Green Energy Private Limited. Each entity will function as a special purpose vehicle (SPV) dedicated to developing, operating, and maintaining solar power plants.
New Subsidiaries Formed
The five step-down subsidiaries are:
- EGRJ Green Infra Private Limited
- GJPN Green Infra Private Limited
- JGVR Green Infra Private Limited
- HGJP Green Infra Private Limited
- PDGN Green Infra Private Limited
Each SPV has an authorized share capital of ₹1 lakh, divided into 10,000 equity shares of ₹10 each, fully subscribed by Insolation Green Energy Private Limited.
Focus Areas
The SPVs will primarily focus on:
- Solar power plant development and construction
- Erection, installation, and commissioning of renewable energy facilities
- Operation and maintenance of solar power plants
- Consultancy services for renewable energy projects
- Design and deployment of rooftop solar photovoltaic projects
Strategic Significance
By establishing dedicated SPVs, Insolation Energy aims to efficiently manage multiple solar projects across diverse locations, enhancing operational clarity and project execution. The move underscores the company’s commitment to expanding its solar energy footprint and capitalizing on India’s growing demand for renewable energy solutions.
Regulatory Compliance
The incorporation of these subsidiaries has been disclosed in accordance with SEBI Listing Obligations and Disclosure Requirements (Regulation 30, 2015). All filings have been submitted with BSE Limited, where the company’s shares are listed.
Future Outlook
Although the SPVs are yet to commence operations, their formation positions Insolation Energy for accelerated growth in solar power capacity. The company is expected to leverage these entities to strengthen market presence, enhance project execution efficiency, and contribute to India’s renewable energy targets.
Summary
- Insolation Energy forms five new SPVs via its subsidiary for solar project development.
- Each SPV has authorized capital of ₹1 lakh and is fully owned by Insolation Green Energy Private Limited.
- The SPVs will focus on solar plant development, operation, and consultancy.
- The move positions the company for expansion in renewable energy and stronger market presence.
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