FCC

2,000 MW renewable energy projects to be developed by Onix Group in UP

2023-03-15

Onix Group revealed during the recently finished Uttar Pradesh Investors Conference 2023 that it has signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government. According to the MOU, Onix intends to build a 1,000 MW solar energy project in Prayagraj and a 1,000 MW wind energy producing facility in Baghpat.

Almost 1,500 people are anticipated to get job as a result of the proposed projects, which are scheduled to start this year and will require a proposed investment of Rs. 120 billion. The construction of these projects would support the state’s intention to invest in this industry while also enhancing Uttar Pradesh’s status as a leader in renewable energy.

Hardik Adhiya, Vice President, Onix Group stated, “We are overjoyed to declare our collaboration with the Uttar Pradesh government in the creation of these renewable energy projects. Our objective is to assist the state in achieving its aims for renewable energy while having a favourable effect on the environment and nearby populations. This initiative, we are certain, will be a crucial step in achieving our net-zero goals.”

Divyesh Savaliya, Chairman of the turnkey electrical, civil and renewable energy projects developer, stated, “We have been reassured that the government of Uttar Pradesh stands steadfastly with private participants like Onix that are committed to delivering high-quality, sustainable, and creative energy solutions in the state.”