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Onix Renewable Invites EoI for 1.9 GW Solar Projects in Maharashtra

Onix Renewable has announced an EoI to develop 1,959 MW of ground-mounted, fixed-tilt solar power projects across 252 locations in Maharashtra. The last date to submit bids is January 17, 2025.

January 16, 2025. By Abha Rustagi

Gujarat-based Onix Renewable has announced an Expression of Interest (EoI) to develop 1,959 MW of ground-mounted, fixed-tilt solar power projects across 252 locations in Maharashtra. The company will provide solar modules and inverters for these projects.

Bidders are required to submit their proposals by January 17, 2025, along with an Earnest Money Deposit (EMD) of INR 50,000 per MW.

The selected bidders will be responsible for the design, engineering, procurement, supply, erection, testing, and commissioning of the projects under the Engineering, Procurement, and Construction (EPC) model. Additionally, they must provide operation and maintenance (O&M) services for three years.

The bidders must ensure a minimum Capacity Utilization Factor (CUF) of 19 percent over the next 25 years and handle the interconnection with the 11kV grid network, including constructing the necessary transmission lines and substations.

The eligibility criteria vary based on the project size. For projects up to 50 MW, bidders must have completed at least one 5 MW ground-mounted solar project at a single location or a total of 20 MW across multiple locations under an EPC contract. For projects above 50 MW, bidders must have developed 1 MW of ground-mounted solar for every additional 5 MW quoted, or 3 MW for every additional 5 MW bid above 50 MW.

In terms of financial requirements, bidders for projects up to 50 MW must have an annual turnover of INR 25 crores whereas for every additional 5 MW bid, bidders must have an annual turnover of INR 2.5 crores. Bidders must also maintain a positive net worth over the last three financial years.

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Solar PV

Onix Renewable

EOI

Expressions of Interest

Operation and maintenance