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18 JAN, 2025

Onix Renewable: Leading Solar Project in Maharashtra with 1.9 GW

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At Onix Renewable, our commitment to sustainable energy solutions is at the heart of everything we do. We are thrilled to announce our latest initiative: an Expression of Interest (EoI) for the development of 1,959 MW of ground-mounted, fixed-tilt solar power projects across 252 strategically selected locations in Maharashtra. This ambitious project underscores our dedication to transforming India's energy landscape with clean, renewable sources.

Project Highlights

1. Massive Scale

A total capacity of 1,959 MW will be developed across 252 locations, driving Maharashtra closer to a greener future.

2. Advanced Technology

We will supply the most efficient solar modules and inverters, ensuring optimal performance and long-term reliability.

3. Strategic Impact

These projects will not only bolster Maharashtra's renewable energy capacity but also contribute significantly to India's sustainable energy goals.

Bidding Process and Requirements

We invite all interested bidders to participate in this transformative journey. Here are the key details:

Proposal Deadline: January 17, 2025

Earnest Money Deposit: ₹50,000 (~$582) per MW

Selected bidders will oversee the entire lifecycle of the projects, including:

  • Design and engineering.
  • Procurement and supply.
  • Erection, testing, and commissioning under the EPC model.
  • Comprehensive operation and maintenance services for three years.

Performance Standards

Our projects are designed to achieve a minimum capacity utilisation factor (CUF) of 19% over a 25-year period. Bidders will also manage interconnection with the 11kV grid network, including constructing necessary transmission lines and substation works.

Eligibility Criteria

Eligibility varies based on project size

Projects up to 50 MW
Bidders must have completed at least one 5 MW ground-mounted solar project at a single location or 20 MW across multiple locations.

Projects exceeding 50 MW
Bidders should demonstrate experience with 1 MW of ground-mounted solar for every additional 5 MW quoted, or 3 MW for every additional 5 MW bid above 50 MW.

Financial requirements include

  • Annual turnover of ₹250 million ($291,010) for every additional 5 MW bid.
  • A positive net worth over the last three financial years.

Our Vision for a Sustainable India

This initiative aligns seamlessly with India's ambitious renewable energy targets and carbon reduction commitments. By spearheading these solar projects, we aim to:

  • Meet the growing energy demands sustainably.
  • Support the local economy through job creation and infrastructure development.
  • Drive India's transition to a renewable energy-driven future.

Recent Achievements

In May 2024, we were proud to secure 184.7 MW under the Pradhan Mantri Kisan Urja Suraksha evam Uthan Mahabhiyaan (PM-KUSUM) program. This milestone highlights our ability to deliver impactful solar solutions that benefit both the environment and society.

Join Us in Shaping the Future

At Onix Renewable, we believe in the power of collaboration to drive meaningful change. We invite all eligible and passionate partners to participate in this transformative opportunity. Together, we can illuminate Maharashtra with clean, renewable energy and inspire a sustainable future for generations to come.