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  3. Onix Renewable Limited Embarks on 1,959 MW Solar Power Project Under MS…

Onix Renewable Limited Embarks on 1,959 MW Solar Power Project Under MSKVY 2.0 in Maharashtra

28 May 2025

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Key Takeaways

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.

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.

onix unlisted shares

Onix Renewable

-8.25%

Expert Analysis

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.

Publisher:Business Standard