Oyster Renewable Develops 372 Crore Rupee 60.9 MW Wind Solar Hybrid Project For Laurus Labs In AP

Oyster Renewable Energy Private Limited is developing a 60.9 MW wind-solar hybrid power project in the Kadapa district of Andhra Pradesh with a total project cost exceeding 350 crore rupees, specifically 372 crore rupees, to supply captive power to Laurus Labs Limited. The project comprises 39.3 MWp of solar and 21.6 MW of wind capacity, with the full solar component already commissioned and generating approximately 51.51 million units of electricity annually while avoiding 35,571 tonnes of carbon dioxide emissions.

The remaining 21.6 MW wind capacity is scheduled for commissioning by December 2026, bringing the total expected generation to about 124 million units per year and offsetting 88,040 tonnes of annual carbon emissions. By pairing wind and solar at a single location, the project extends clean energy generation beyond daylight hours to deliver a steadier supply.

Siddharth Bhatia, Managing Director and CEO of Oyster Renewable, noted that hybrid models solve reliability challenges for energy-intensive manufacturers across sectors like pharmaceuticals, cement, and steel. Dr. Satyanarayana Chava, Founder and CEO of Laurus Labs, stated that increasing the share of renewable energy through captive solar and power purchase agreements is a strategic priority aimed at achieving around 50 percent of their energy requirements from renewable sources by the fourth quarter of fiscal 2027 while advancing sustainable and efficient operations.