Onix and the PM-KUSUM Revolution: Powering India’s Agriculture with the Sun
India’s renewable energy transition is not confined to utility-scale solar parks or corporate ESG dashboards. At the heart of the green shift is the agriculture sector—and the game-changing PM-KUSUM scheme is leading that transformation. Among its most successful private partners is Onix Renewable Limited, a rising star in India’s clean energy landscape.
With over ₹10,600 crore in awarded KUSUM projects and more than 2,600 MW under implementation, Onix is not only helping farmers break free from diesel pumps—it’s building decentralized, subsidy-backed solar infrastructure across rural India.
What is the PM-KUSUM Scheme?
Launched by the Ministry of New and Renewable Energy (MNRE), PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) aims to transform India’s agricultural energy consumption.
🚜 Key Objectives:
- Promote solar energy usage in farming
- Replace diesel pumps with solar-powered systems
- Increase farmers’ income by enabling them to sell surplus energy
- Strengthen India’s rural energy independence
📊 Scheme Highlights:
- Target Capacity: 34,800 MW by 2026–27
- Financial Support: ₹34,422 crore
- Subsidy Structure:
- 60% subsidy from government
- 30% institutional financing
- 10% farmer contribution
Onix: The No.1 EPC Contractor Under PM-KUSUM
Among all private and public contractors, Onix Renewable has emerged as the largest and most awarded EPC player under PM-KUSUM.
🌞 State-Wise Project Snapshot:
| State | No. of Projects | Capacity (MW) | Order Value (₹ Cr) |
|---|---|---|---|
| Maharashtra | 310 | 2,414 | ₹9,897 Cr |
| Gujarat | 60 | 187 | ₹768 Cr |
| Rajasthan (IPP) | 1 | 50 | ₹205 Cr |
| Total | 371 | 2,651 MW | ₹10,871 Cr |
These projects are backed by long-term Power Purchase Agreements (PPAs) and supported by state and central subsidies. That means stable, recurring cash flows with minimal credit risk—a key differentiator in the renewable EPC space.
Empowering the Indian Farmer
Onix’s success under KUSUM is not just a business win—it’s a story of impact. Here’s how:
✅ Energy Security for Farmers
Solar-powered systems free farmers from unreliable grid access and costly diesel fuel. This is especially transformative in semi-arid and remote areas where grid electrification remains poor.
✅ Income Diversification
Through grid-connected systems, farmers can sell surplus solar power back to the grid. This adds a new revenue stream to their income portfolio and stabilizes cash flow.
✅ Climate and Cost Benefits
- Reduces dependence on fossil fuels
- Lowers carbon footprint
- Minimal maintenance costs
- No recurring fuel expense
Onix ensures each system is installed with real-time monitoring, predictive maintenance tools, and full after-sales support under Annual Maintenance Contracts (AMCs).
Execution Scale Meets Rural Depth
🔧 Engineering Strength
- Dedicated in-house EPC team
- Extensive experience in rural logistics & remote deployment
- Turnkey capabilities from design to commissioning
🏗 Infra-Readiness
- Local sourcing and employment
- 100+ district-level support points across Gujarat and Maharashtra
- Digitized project tracking dashboards for real-time transparency
🛡️ Risk-Managed Model
- 60–70% of project cost covered upfront via subsidy
- No dependency on short-term power markets
- Government-verified installation and PPA approvals
Onix has created a repeatable and scalable KUSUM execution playbook that few others in India can match.
Strategic Advantage for Onix and Its Investors
KUSUM isn’t just a government program—it’s a strategic moat for Onix’s revenue and valuation.
- The ₹10,871 crore KUSUM project value represents over 65% of Onix’s ₹15,600 crore total order book
- These subsidy-backed projects support predictable financial growth from FY25–FY28
- They create opportunities in module supply, O&M, and battery storage integration
For investors, KUSUM is viewed as a government-backed recurring revenue engine—making Onix a highly attractive pre-IPO green-tech company.
Among its key financial interests, investors are closely watching the Onix Renewable unlisted share price, which reflects strong momentum driven by policy tailwinds and robust execution. Learn more about why Onix is considered a green energy giant in the making.
Looking Ahead: More than Just MWs
Onix’s KUSUM journey is only beginning:
- Maharashtra’s next 2,500 MW phase is under procurement
- Gujarat’s 250 MW is expected to go live by Q1 FY2026
- Expansion into Rajasthan and Madhya Pradesh is being evaluated
With India aiming for 500 GW of non-fossil fuel capacity by 2030, rural solar infrastructure like KUSUM is key—and Onix is leading the charge. As India’s IPO pipeline heats up, platforms like NSDL are also moving forward—NSDL may start taking IPO orders from investors next week—signaling a maturing investment ecosystem for companies like Onix.
Conclusion: The Power of Purpose-Driven Growth
PM-KUSUM is more than a subsidy—it’s a social transformation strategy. And Onix is proving that purpose and profit can go hand in hand.
From its ₹10,871 crore KUSUM portfolio to its end-to-end EPC capabilities, Onix has redefined how clean energy can be scaled in India’s farmlands. For investors, policymakers, and climate advocates, this is a story that delivers not just megawatts—but meaningful impact.
Onix is not just installing solar panels—it’s planting prosperity across rural India.
Tags: Onix Renewable, PM-KUSUM, Solar for Farmers, India Solar EPC, Rural Solar Projects, Green Energy India, Solar Agriculture Scheme, onix renewable unlisted share price, Green Tech IPO India