Onix Group has announced signing a memorandum of understanding (MoU) with the government of Uttar Pradesh during the recently concluded Uttar Pradesh Investors Summit 2023. Onix aims to develop a 1,000 MW solar power project in Prayagraj and a 1,000 MW wind power generation plant in Baghpat. Onix Group is a leading turnkey electrical, civil and renewable energy projects developer. Divyesh Savaliya, chairman, said, "We have been reassured that the government of Uttar Pradesh stands steadfast with private participants like Onix that are committed to delivering high-quality, sustainable, and innovative energy solutions in the state". The proposed projects, set to commence this year, will require a proposed investment of Rs12,000 crore and are expected to generate employment opportunities for over 1,500 people. The development of these projects will strengthen UP’s position as a leading state in RE, and will also contribute to the state's intent to invest in this sector. "We are thrilled to announce our partnership with the government of Uttar Pradesh for the development of these renewable energy projects. Our goal is to help the state achieve its renewable energy targets and positively impact the environment and local communities. We are confident that this project will be a significant step towards meeting our net-zero targets," said Hardik Adhiya, Vice President of Onix Group.
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The development of these projects will strengthen UP’s position as a leading state in RE
