Onix Renewable Unlisted Shares
Onix Renewable Invites EOI for 1.9 GW Solar Projects in Maharashtra.
Energetica india
2 min read
Onix Renewable Launches EOI for 1,959 MW Solar Projects in Maharashtra.
Expert Analysis:
Project Scale and Scope: Onix Renewable has announced an Expression of Interest (EOI) for 1,959 MW of ground-mounted solar projects across 252 locations in Maharashtra.
Equipment Supply: The company will provide solar modules and inverters for the projects.
Proposal Submission Requirements: Proposals must be submitted by January 17, 2025, and an EMD of INR 50,000 per MW.
Execution Responsibilities: Bidders will handle EPC tasks, including design, engineering, procurement, supply, erection, testing, commissioning, and 3-year O&M services.
Operational Standards: Bidders must ensure a minimum Capacity Utilization Factor (CUF) of 19% over 25 years and manage interconnection with the 11kV grid network, including building transmission lines and substations.
Eligibility for Projects up to 50 MW: Bidders must have completed at least one 5 MW ground-mounted solar project at a single location or a total of 20 MW across multiple locations under an EPC contract.
Eligibility for Projects above 50 MW: Bidders must have developed 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: For projects up to 50 MW, bidders must have an annual turnover of INR 25 crores. For projects above 50 MW, an additional turnover of INR 2.5 crores per 5 MW is required. Bidders must also maintain a positive net worth over the last three years.
Onix Renewable’s 1,959 MW solar EOI combines ambitious capacity, high operational standards, and rigorous financial and eligibility requirements for long-term success.
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