Oyster Renewable Energy Private Limited announced the foundation stone laying of Phase 2 of its Wind-Solar Hybrid Power Project in Agar Malwa, Madhya Pradesh, marking the next stage of its renewable energy build-out in the state.
The foundation stone was laid by Shri Mahendra Solanki, Member of Parliament, Dewas, in the presence of Shri Madhu Gehlot, MLA, Agar, and Shri Siddharth Bhatia, Managing Director and Chief Executive Officer, Oyster Renewable.
Phase 2 builds on the already commissioned Phase 1 and marks the next step in Oyster Renewable’s continued capacity addition in Madhya Pradesh. The project combines wind and solar power with battery energy storage and is designed for an operational life of more than 30 years.
The project is part of Oyster Renewable’s plan to develop approximately 800 MW of hybrid renewable energy capacity in the state, involving an investment of over ₹6,500 crore. The development is supporting over 5,000 direct and indirect jobs creating opportunities for local communities, businesses and service providers. Once complete, the full capacity is expected to generate more than 4,500 million units (MU) of clean electricity annually.
Commenting on the milestone, Siddharth Bhatia, Managing Director and CEO, Oyster Renewable, said: “Agar Malwa’s combination of wind and solar resources makes it one of the strongest hybrid locations in the country, and Phase 2 takes us closer to delivering firmer, more consistent clean power to our commercial and industrial customers. With over ₹6,500 crore planned in Madhya Pradesh, the state is key to our journey to 3.5 GW, and we look forward to working with the administration and local communities to build it out.”
