Onix Groups signs MoU with UP government to develop renewable energy projects

In the recently concluded Uttar Pradesh Investors Summit 2023, Onix Group has, reportedly, signed a memorandum of understanding (MoU) with the Uttar Pradesh Government to develop 2,000 MW renewable energy projects in the state.

This comprises a 1,000 MW solar power project in Prayagraj and a 1,000 MW wind power generation plant in Baghpat. The said projects are set to commence this year and will require investment of Rs 120 billion. The projects will help the state achieve its renewable energy targets.