Oyster Renewable Signs Term Sheet for 25.2 MW Wind-Solar Hybrid RTC Project in Gujarat

Oyster Renewable has signed a Binding Term Sheet with Kutch Chemical Industries Limited to supply 25.2 MW Wind Solar Hybrid round-the-clock (RTC) renewable power comprising of 25.2 MW Wind and 27.72 MWp Solar in the state of Gujarat, under a captive structure. This marks Oyster Renewable’s third project in the state, reinforcing Gujarat’s position as a key market in the company’s renewable energy portfolio.

The project is structured to deliver firm, round-the-clock clean power to Kutch Chemical’s operations.

Once operational, the hybrid solar-wind facility is estimated to generate over 1,08,000 MWh of clean power annually, reducing approximately 85,000 tonnes of CO2 emissions each year.

The agreement underscores growing industrial demand across Gujarat for firm, round-the-clock renewable power under the captive model, as manufacturers look to de-risk energy costs and meet sustainability commitments simultaneously.

Siddharth Bhatia, MD & CEO from Oyster Renewable said, “ 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. 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 this agreement, Oyster Renewable continues to strengthen its RTC renewable portfolio in Gujarat and remains committed to expanding its footprint across the state’s growing industrial and manufacturing base.