National, 24th September 2026: Oyster Renewable has partnered with MS Agarwal Foundries Pvt Ltd for a 48 MWp solar wind hybrid renewable energy project in Andhra Pradesh.
The project is designed to supply MS Agarwal Foundries with reliable and sustainable renewable power, combining solar and wind generation to create a more balanced renewable energy profile. It reflects Oyster Renewable’s continued focus on developing renewable energy solutions for industrial and commercial consumers.
Once operational, the hybrid solar-wind facility is estimated to generate over 12.2 crore units of renewable electricity annually, helping avoid approximately 86,620 tonnes of CO₂ emissions.
The project further strengthens Oyster Renewable’s presence in Andhra Pradesh, marking the company’s third renewable energy project in the state.
The development comes against the backdrop of Andhra Pradesh’s growing focus on renewable energy. The Andhra Pradesh Integrated Clean Energy Policy 2024 supports solar, wind and hybrid projects, including the development of Renewable Energy Zones, with incentives such as a 50% exemption on transmission and wheeling charges for eligible wind-solar hybrid projects for five years from commercial operation. The state is targeting 72.60 GW of renewable energy capacity by 2030, further strengthening its clean-energy ecosystem.
Commenting on the development, Ateesh Samant, COO, Oyster Renewable, said, “India’s energy transition will increasingly be decided on the factory floor, by how reliably clean power can meet the demands of heavy industry. Hybrid projects answer that challenge, because solar and wind complement each other to deliver a steadier supply than either source alone. Our partnership with MS Agarwal Foundries brings that advantage to an energy-intensive sector, and Andhra Pradesh’s forward-looking policy framework has made the state a natural home for this work. We see this as another step in a long-term commitment to the state and to helping Indian industry decarbonise at scale.”
With this project, Oyster Renewable continues to expand its hybrid renewable energy portfolio and deepen its presence across Andhra Pradesh. The development also reinforces the company’s focus on partnering with industrial consumers to enable greater adoption of renewable energy and support India’s broader clean-energy transition.
About Oyster Renewable Energy Pvt Ltd
Oyster Renewable Energy Pvt Ltd is committed to spearheading the renewable energy revolution as an Independent Power Producer (IPP), founded with a vision to transform the way power is generated and consumed. At the heart of Oyster Renewable’s mission is the development, investment, and operation of cutting-edge Renewable Energy (RE) projects. These projects are strategically tailored to cater to the ever-growing needs of Commercial and Industrial (C&I) consumers across India. With a keen eye on environmental sustainability, Oyster Renewable’s projects are designed as hybrid systems, optimising the synergy between Solar and Wind capacities. This strategic blend not only ensures a consistent power supply but also reduces the carbon footprint.