Oyster Renewable Develops MW Wind-Solar Hybrid Project in Andhra Pradesh

39.3 MWp solar capacity commissioned; wind component expected to be ready by December

Oyster Renewable Energy Pvt Ltd is developing a 60.9 MW wind-solar hybrid power project in Kadapa district of Andhra Pradesh at an investment of approximately ₹372 crore for pharmaceutical major Laurus Labs Limited. The project combines 39.3 MWp of solar and 21.6 MW of wind capacity under a captive power arrangement, with the entire solar component already commissioned and generating electricity.

The solar facility is expected to produce 51.51 million units (MU) annually and prevent an estimated 35,571 tonnes of carbon dioxide emissions every year. The remaining wind capacity is scheduled for commissioning by December 2026. Once fully operational, the project is expected to generate around 124 MU annually and avoid 88,040 tonnes of CO₂ emissions.

Oyster Renewable Managing Director and CEO Siddharth Bhatia said combining wind and solar would provide industries with cleaner power beyond daylight hours. He noted that pharmaceutical, cement and steel manufacturers were increasingly adopting hybrid renewable energy to ensure a more reliable supply.

Laurus Labs Founder and CEO Dr. Satyanarayana Chava said the project was part of the company's efforts to improve energy efficiency through captive renewable power, power purchase agreements, process optimisation and energy-efficient technologies. Laurus aims to meet around 50% of its energy requirements from renewable sources by the fourth quarter of FY27.