Onix Renewable Limited Gears Up to Launch IPO
The IPO will serve to finance substantial investments in renewable energy, encompassing solar, wind, and hybrid solar-wind projects, and green hydrogen, in addition to bolstering its solar panel manufacturing division.
March 02, 2024. By Anurima Mondal
With a track record of successfully implementing over 500 MW of projects to date, Onix Renewable Ltd. is expanding its horizons into solar PV module production, currently operating at an annual capacity of 100 MW, with plans to scale up to 1200 MW by the end of 2024.
Showcasing its proficiency in the renewable energy sector, the Company accomplished a ground-breaking feat by swiftly executing India's fastest 52 MW hybrid (wind+solar) project within a span of four months, encompassing everything from land acquisition to commissioning.
“This achievement underscores our agility and efficiency in delivering sustainable energy solutions,” said Divyesh Savaliya, Chairman and Managing Director, Onix Renewable Ltd.
In January, during the Vibrant Gujarat Global Summit, Onix Renewable Ltd. signed a Memorandum of Understanding (MoU) with the Gujarat Government, committing to invest INR 19000 crore for renewable energy projects focusing on hybrid (solar and wind) energy.
“Positioned for continual growth and influence in the renewable energy arena, we boast a formidable portfolio of projects surpassing 1000 MW+ capacity. This encompasses initiatives in solar and wind energy projects, as well as forthcoming expansions into sectors dedicated to green hydrogen and green ammonia,” added Savaliya.
please contact: contact@energetica-india.net.
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