Onix Renewable has unveiled its ambitious plans to make significant investments in India's renewable energy sector. The company intends to invest nearly Rs 25,000 crore over the next three years to develop a 7 GW renewable energy capacity, with a major focus on solar energy by setting up 5 GW in solar module and cell production. By 2030, Onix aims to expand its renewable energy portfolio to 10 GW, aligning with India's target of achieving 500 GW of renewable energy capacity by the same year. Adhiya, the COO, highlighted that a large portion of the projects will concentrate on solar energy, complemented by wind energy projects. To fund these initiatives, the company plans to raise Rs 1,000 crore through an IPO and seek additional financing from private investors and financial institutions. The establishment of manufacturing capacity for solar modules and cells is also in the pipeline, with an investment of Rs 2,500 crore to set up 10 GW capacity over the next five years. Additionally, Onix is venturing into the production of electrolysers for green hydrogen and ammonia, with plans to collaborate with a German company and invest Rs 650 crore in this initiative. The company is also exploring opportunities in the electric vehicle charging infrastructure sector. Despite challenges in land acquisition and project financing timelines, Onix remains determined to expand its renewable energy footprint and contribute to India's clean energy goals.