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IREDA Approves ₹11.34 Billion Loan to Insolation Green Energy

The funds will be used to develop a 4.5 GW solar cell plant in Madhya Pradesh

September 18, 2025

/ Melvin Mathew
/ Finance and M&A, Solar
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The Indian Renewable Energy Development Agency (IREDA) has approved a loan of ₹11.34 billion (~$129 million) to Insolation Green Energy, a wholly owned subsidiary of INA Solar, to finance its 4.5 GW solar cell manufacturing facility in Madhya Pradesh.

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Melvin Mathew

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cell manufacturingFinancingINA SolarIREDA
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