Onix Renewable Ltd has consistently demonstrated its commitment to sustainability, with a
remarkable track record of over 500 MW of renewable energy projects successfully implemented
to date. As the company prepares for its Initial Public Offering (IPO) in 2025, it is set to
redefine green energy investments in India.
The IPO will serve as a springboard for substantial investments in solar, wind, hybrid
solar-wind projects, green hydrogen, and solar panel manufacturing, solidifying Onix
Renewable's leadership in the renewable energy sector.
Onix Renewable has made significant strides in solar PV module production, currently operating at an annual capacity of 100 MW. With ambitious plans in place, the company is set to scale up its production to 1200 MW by the end of 2024, ensuring that it meets the growing demand for clean energy solutions.
A testament to its expertise and efficiency, Onix Renewable executed India's fastest 52 MW hybrid (solar + wind) project in just four months—from land acquisition to commissioning. This achievement underscores the company’s capability to deliver large-scale renewable projects within record-breaking timelines.
In a recent interview with ET Energy World, Divyesh Savaliya, Chairman & Managing Director of
Onix Renewable Ltd, reiterated the company’s commitment to achieving Net Zero emissions by
2030. This goal aligns with India's renewable energy targets and global sustainability
standards.
The 2025 IPO will be instrumental in supporting this mission by funding projects in green
energy and bolstering the company’s solar panel manufacturing division.
At the Vibrant Gujarat Global Summit 2024, Onix Renewable signed a Memorandum of
Understanding (MoU) with the Gujarat Government, committing to invest ₹19,000 crore in
renewable energy projects. This investment will focus on:
Hybrid solar-wind energy systems.
Expanding production capacities in green hydrogen and green ammonia sectors.
This partnership reflects Onix Renewable's dedication to supporting Gujarat’s vision of
becoming a renewable energy powerhouse.
Onix Renewable boasts a robust portfolio exceeding 1000 MW+ capacity, which includes:
1. Solar energy projects.
2. Wind energy systems.
3. Expansions into green hydrogen and green ammonia sectors, paving the way for future
sustainability-driven solutions.
The company’s strategic investments and innovative approach position it as a trailblazer in
India’s green energy revolution.
As Onix Renewable Ltd gears up for its 2025 IPO, it invites investors to join its transformative journey in advancing renewable energy solutions. With a proven track record, cutting-edge projects, and a bold vision for the future, the company is set to accelerate India’s transition to clean energy while delivering sustainable growth and profitability.