About Onix renewable Ltd.
Onix Renewable Ltd. is a trend setter in India’s renewable energy segment, making world-class came on turn-key solutions in solar, wind, hybrid power, green hydrogen, infrastructure, energy storage, and IPP. With a strong focus on solar panel manufacturing, engineering, procurement and construction (EPC) and power generation, the company aims to contribute to India’s energy transition with innovative and efficient solutions.
Business Model & Value Proposition
EPC (Engineering, Procurement, and Construction) Services
Onix offers integrated engineering, procurement, and construction (EPC) solutions, bringing the project lifecycle to life from design and procurement through construction and commissioning. This diversified approach provides the optimal efficiency, top-notch execution, and smooth integration of renewable energy projects.
Cold chain infrastructure development for Independent Power Producer (IPP)
Onix Renewable is an independent power producer(IPP) that develops, finances, builds, and operates renewable technologies for sustainable working and living power. The firm manages every stage of project development, from conception to long-term management.
Solar Panel Manufacturing
Onix Renewable is also enhancing its manufacturing capabilities of solar photovoltaic (PV) modules to 1200 MW (Megawatts) by 2024, reaffirming its contribution towards increasing the domestic solar base in India. The company is also looking into building EV chargers and advanced energy storage systems for the expanding clean energy ecosystem.
Operations and maintenance (O&M)
Onix Renewable provides the complete spectrum of O&M services needed to bestow our clients assurance the renewable energy assets are performing optimally, with a portfolio employed across the full spectrum of renewable generation assets of over 150 MW. The firm aims to ensure operational efficiency through an emphasis on safety, innovation, and customer satisfaction.
Exploration of Strategic Initiatives and Partnerships
Onix Renewable has successfully executed numerous hybrid power projects and has collaborated with multiple state governments to implement extensive solar and hybrid energy projects.
Product Portfolio
- Onix Renewable offers wide variety of Renewable Energy products and solutions:
- Solar Panels – Monocrystalline, Polycrystalline, and TOPCON.
- Smart Solar Inverters, Pumps, Water Heaters, and Street Lights
- Solar Installations: Ground-Mount & Rooftop
- Hybrid Power Systems– The combination of solar and wind energy for an enhanced output
- EV Charging Solutions, Bike Battery/Drone and Robot Cleaning Solutions
- Energy Storage Systems – Battery and grid storage solutions for renewable energy storage
Extensive Range of Services
Onix Renewable offered a comprehensive suite of services which includes:
- EPC Services – All round project execution right from designing to commissioning
- O&M Operations & Maintenance – Definitive focus on safety, efficiency over the long-term, and performance.
- IPP (Independent Power Producer) — Sustainable models for energy generation across the entire energy value chain
It is a leading service provider of payments equipment and value-added services with over 4000 installations across the region.
Industry Leadership
With its innovative solutions and integrated solar power projects, Onix Renewable has become one of the key players in India’s renewable energy industry.
Expanding Footprint
With offices across eight states and a team of over 1,000 members, the company has a pan-India presence.
Major Milestones
- 700+ projects delivered, including:
- 250+ MW hybrid power plants
- Ground-mounted solar projects > 200 MW
- Large wind and industrial rooftop installations
Awards & Recognition
Onix Renewable is the recipient of various awards including the Global Business Achievement Awards for Renewable Energy honoring its efforts in India’s clean energy revolution.
Other Projects and Upcoming Collaborations
Hybrid Power Projects
- 60 MW – Kagvad
- 120 MW – Sutrapada
- 300 MW – Charkha
Solar Projects
- 12 MW – Kanodiya
- 210 MW – PM-KUSUM Scheme
Upcoming Projects
- 600 MW hybrid projects – Khambhalia and Bhuj
- 300 MW solar projects – Rajasthan and Uttar Pradesh
Future IPO and Expansion Plans
Under the guidance of Chairman & Managing Director Divyesh Savaliya, Onix Renewable Ltd will debut its Initial Public Offering (IPO) in 2024. The IPO will enable strategic investments in:
- Hybrid, Solar and Wind Renewable Energy Projects
- Green hydrogen initiatives
- CNN — [Breaking news update at 7:49 a.m. ET] Solar panel manufacturing capacity expansion
- Widespread developments in the tech of the renewable energy sector
Conclusion
Onix Renewable Ltd. is revolutionizing clean energy in India with advanced energy solar, wind, and hybrid solutions. As a forward-thinking, eco-friendly, tech-savvy firm, the company stands poised for explosive expansion in the upcoming decade. Onix Renewable will play a major role in India’s transition to a sustainable and energy-efficient future with its upcoming IPO and continued growth in renewable energy projects.
