Insolation Energy announced that it has been awarded a contract worth Rs 500.50 crore by the Rajasthan Renewable Energy Corporation (RREC).

The contract is for design, supply, erection, testing and commissioning including comprehensive operation and maintenance (O&M) for 25 years from the date of commissioning of rooftop solar (RTS) photovoltaic power projects on state government buildings/state government undertakings buildings in Rajasthan under hybrid annuity mode (HAM) for Ajmer, Jaipur and Kota Circle/Districts.

"This milestone contract for Rs 500.50 crore coupled with Rs 208.32 crore order from Zetwerk Manufacturing Business Private Limited represents a major leap in our performance, driven by our ability to consistently deliver results by back-to-back orders.

These orders combined value of Rs 708.82 crore exceeds our entire sales of H1 FY 2024-25, the company said in a statement.

Insolation Energy is engaged in the business of manufacturing solar panels and modules of high efficiency of various sizes.