Onix Renewable Leads India’s Energy Transition
FinTech BizNews Service
Mumbai, January 10, 2025: Onix Renewable, a leading force in India's renewable energy sector, continues to pave the way with
groundbreaking advancements and strategic growth across multiple energy domains. From Renewable
Energy and IPP (Independent Power Producer) projects to EPC (Engineering, Procurement, and
Construction) services and Energy Transition initiatives, Onix Renewable is at the forefront of transforming
India's energy landscape with 13000 Cr+ order book, with a vision for EPC that expands to 15+ GW by
2030. The company has over a 1000 MW experience across various EPC services, including substation
transmission line experience. With a dedicated workforce of 1,000 employees, the company continues to
drive innovation and deliver excellence across its operations.
Onix Renewable stands out as the only EPC company in India offering a complete, end-to-end solution in
a simplified and efficient manner. This approach has earned the company prestigious collaborations,
including a significant Memorandum of Understanding (MoU) worth INR 18,000 Crores with the
Government of Gujarat for Solar and Hybrid projects. Demonstrating their capability and speed, Onix
Renewable recently commissioned India's fastest hybrid project at 52 MW within just six months.
With experience in design, construction, installation, commissioning, and maintenance, Onix Renewable
offers a comprehensive suite of services. As a trusted partner in the energy sector, Onix Renewable' focus
on customization ensures that clients receive customized solutions that meet their specific needs. As Onix
Renewable Ltd. continues on its high-growth trajectory, the company remains committed to providing its
customers with high-quality products and services.
In the past year, the company was awarded multiple prestigious projects, such as 187 MW(AC) Gujarat,
990.00 MW(AC) Solar PV Power Plant Project under PM-KUSUM Scheme Component-C, 969 MW(AC) Solar
PV Power Plant Project under PM-KUSUM Scheme Component-C and 225.00 MW(AC) Solar PV Power Plant
Project under PM-KUSUM Scheme Component-C.
PM-KUSUM (Pradhan Mantri Kishan Urja Suraksha Evam Utthaan Mahabhiyan) scheme is a Government
of India plan, aimed at ensuring energy security for farmers in India and India’s commitment to increase
the share of electric power from non-fossil-fuel sources to 40% by 2030 as part of Intended Nationally
Determined Contributions (INDCs), with 10 GW target for 2030. Onix is one of the biggest and major IPP
players in Gujarat, with offices across India. The company also has various international projects currently
in the pipeline.
The company’s PV module manufacturing has been successfully expanded from 100 MW to a staggering
1200 MW as part of its ambitious growth plans, ensuring its leadership position in the market. The
company plans to expand to 10 GW for solar module line and cell line by 2027, with work already
underway.
"Our mission is clear: to reconcile the needs of humanity with the needs of our planet through cutting-
edge renewable energy solutions," says Divyesh Savaliya, Chairman & Founder of Onix Renewable Ltd.
With over 15 years of experience in power distribution, transmission, and large-scale hybrid projects
across India, Mr. Savaliya's leadership has been instrumental in driving the company's vision forward. His
strategic foresight and ability to nurture innovative ideas have positioned Onix Renewable as a key player
in the global energy transition and supply to green fuel to the world & working towards carbon reduction.
Onix Renewable is at the forefront of both forward and backward integration in the renewable energy
sector. The company excels in forward integration through hybrid energy solutions and the supply of green
hydrogen, contributing to the production of sustainable green fuels. Simultaneously, Onix is advancing
reverse manufacturing of electrolyzers, enhancing efficiency and innovation in the green energy
ecosystem. Furthermore, the company is actively engaged in promoting sustainability through initiatives
focused on green credits and carbon reduction, reinforcing its commitment to a greener, more sustainable
future.
