Oyster Renewable Energy Private Limited has laid the foundation stone for Phase 2 of its wind-solar hybrid power project in Agar Malwa, Madhya Pradesh, marking another step in its renewable energy expansion in the state. The project integrates wind and solar power with battery energy storage to support reliable and consistent clean electricity generation.
The foundation stone was laid by Mahendra Solanki, Member of Parliament from Dewas, in the presence of Madhu Gehlot, Member of the Legislative Assembly from Agar, and Siddharth Bhatia, Managing Director and Chief Executive Officer of Oyster Renewable.
Phase 2 builds on the first phase, which has already been commissioned, and represents the company’s continued investment in hybrid renewable energy infrastructure. The project is designed for an operational life of more than 30 years, supporting long-term clean power generation.
The development forms part of Oyster Renewable’s plan to establish approximately 800 MW of hybrid renewable energy capacity in Madhya Pradesh, with a planned investment exceeding ₹6,500 crore. The initiative is also expected to support more than 5,000 direct and indirect jobs, creating employment opportunities for local communities and business opportunities for suppliers, contractors and service providers.
Once the entire planned capacity becomes operational, the projects are expected to generate more than 4,500 million units of clean electricity annually. The integration of wind, solar and battery energy storage is intended to improve power supply consistency and support the electricity requirements of commercial and industrial consumers.
Commenting on the development, Siddharth Bhatia said Agar Malwa offers strong wind and solar resources, making it a suitable location for hybrid renewable energy projects. He added that Phase 2 would bring the company closer to delivering more consistent clean power to commercial and industrial customers.
Bhatia also highlighted Madhya Pradesh’s importance to the company’s growth strategy, which targets 3.5 GW of capacity. Oyster Renewable said it would continue working with the state administration and local communities to advance its renewable energy development plans.
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