Oyster Renewable has signed a binding term sheet with Kutch Chemical Industries Limited to supply 25.2 MW of round-the-clock (RTC) renewable power through a captive wind-solar hybrid project in Gujarat. The project will comprise 25.2 MW of wind capacity and 27.72 MWp of solar capacity.
The project is Oyster Renewable’s third renewable energy project in Gujarat and is designed to provide firm, round-the-clock clean electricity to Kutch Chemical’s operations. Once operational, the hybrid facility is expected to generate more than 108,000 MWh of renewable electricity annually and avoid approximately 85,000 tonnes of CO2 emissions each year.
The agreement reflects growing demand from industrial and manufacturing companies in Gujarat for reliable renewable power through the captive model. Such projects enable businesses to reduce exposure to electricity price volatility while supporting their sustainability and decarbonisation targets.
“Gujarat continues to be a key market in our growth journey, and this, our third project in the state, reflects our long-term commitment to the region,” said Siddharth Bhatia, Managing Director and CEO, Oyster Renewable. “Our partnership with Kutch Chemical to deliver 25.2 MW of round-the-clock solar-wind power will help avoid nearly 85,000 tonnes of CO2 annually, while giving them the reliability that captive hybrid power is built for.”
With the agreement, Oyster Renewable plans to further expand its RTC renewable energy portfolio in Gujarat and strengthen its presence among the state’s industrial and manufacturing customers.
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