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Onix Renewable commissioned a 4 MW KUSUM Solar Park in Kutiyana and planned an INR 1,000 crore IPO to expand its renewable portfolio. Image Credit/Source: Kelly/Pexels
Rajkot, Gujarat-headquartered Onix Renewable, a renewable energy company, energized a 4 MW KUSUM Solar Park in Kutiyana, Gujarat. The project supported daytime electricity access for farmers, improved grid stability, and reduced carbon emissions. The solar park was designed to harness maximum sunlight. Onix Renewable also announced plans to raise INR 1,000 crore (~$117.59 million) through an IPO to support its renewable energy expansion recently. The company had completed over 700 projects, including more than 250 MW of hybrid power plants and over 200 MW of ground-mounted solar installations.