Onix Renewable to set up 7 GW energy plants

ONIX RENEWABLE PLANS to spend nearly ₹25,000 crore to build 7 gigawatt renewable energy capacity and 5 GW solar module and cell capacities in the next three years.

- RAGHAVENDRA KAMATH

By 2030, the company will build a renewable energy portfolio of 10 GW and looks to invest ₹30,000 crore, its chief operating officer Hardik Adhiya said. He said that about 80% of the projects will be based on solar and the rest will include wind. The company's plans align with the country's target to build a renewable energy capacity of 500 GW by 2030. Onix's larger peers such as Adani Green, Re