Onix Renewable Unlisted Shares
Onix Renewable Limited Embarks on 1,959 MW Solar Power Project Under MSKVY 2.0 in Maharashtra
Business Standard
2 min read
Onix Renewable Launches 1,959 MW Solar Project Under MSKVY 2.0 in Maharashtra.
Expert Analysis:
Project Initiation: Onix Renewable has begun developing a 1,959 MW solar power project under the Mukhyamantri Saur Krushi Vahini Yojana (PM-KUSUM Scheme).
Off-Taker: The off-taker for the project is Maharashtra State Electricity Distribution Company Limited (MSEDCL).
Project Structure: Project divided into two SPVs: NOPL Pace Green Energy Private Limited (990 MW) and NOPL Solar Projects Private Limited (969 MW).
Development Progress: Land acquisition is largely completed; plant design, engineering, and on-ground mobilization are progressing rapidly across Maharashtra.
Execution and Compliance: EPC allotments and construction are well underway, with strict regulatory and environmental compliance ensuring sustainable, long-term viability.
Strategic Significance: This large-scale solar project strengthens Onix Renewable’s leadership in India’s energy transformation and supports national goals for green infrastructure, agricultural resilience, and rural electrification.
Onix Renewable has launched a 1,959 MW solar project in Maharashtra under MSKVY 2.0, advancing rural electrification and supporting India’s clean energy goals.
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