Insolation Energy announced it has received a Letter of Award (LOA) from Rajasthan Renewable Energy Corp. Ltd (RREC) for rooftop solar installation on buildings of the state government and its undertakings in Rajasthan. Insolation Energy’s scope of work includes design, supply, erection, testing and commissioning including comprehensive operation and maintenance for 25 years from the date of commissioning of the rooftop solar plants. The plants are to be installed under hybrid annuity mode in Jaipur, Dausa and Churu districts. The aggregate sales consideration for these projects is INR 340.20 crore.
Insolation Energy has also secured an order with Teerth Gopicon for supply of 46,297 solar PV monocrystalline modules aggregating to INR 32 crore.
“The combined addition in the revenue of the company from these two sales orders will be INR 372.20 crore,” stated Insolation Energy.
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