Oyster Renewable has begun phase 2 of its wind-solar hybrid power project in Agar Malwa, Madhya Pradesh. The project is part of a planned investment worth an estimated 6,500 INR-Crore in the state.
The company has laid the foundation stone for Phase 2, following the commissioning of Phase 1. The Oyster hybrid power project will combine wind and solar energy generation with battery energy storage in Madhya Pradesh. Additionally, it plans to develop around 800 MW of hybrid renewable energy capacity in the state.
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Furthermore, once the full capacity is operational, it is expected to generate more than 4,500 Million-units electricity annually. The Oyster Hybrid Power Project will support more than 5,000 direct and indirect jobs in Madhya Pradesh. The project is expected to deliver consistent clean power to commercial and industrial customers.
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