Renewable
Oyster Renewable signs 25.2 MW RTC hybrid power deal With Kutch Chemical
The agreement marks Oyster Renewable's third project in Gujarat
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By ICN Bureau | August 24, 2026
Oyster Renewable has signed a Binding Term Sheet with Kutch Chemical Industries Limited to supply 25.2 MW of round-the-clock (RTC) renewable power under a captive structure, further expanding its presence in Gujarat's fast-growing renewable energy market.
The project will combine 25.2 MW of wind capacity with 27.72 MWp of solar capacity to provide firm, round-the-clock clean power to Kutch Chemical's operations.
The agreement marks Oyster Renewable's third project in Gujarat, reinforcing the state’s importance to the company's renewable energy portfolio.
Once operational, the hybrid wind-solar facility is expected to generate more than 1,08,000 MWh of clean electricity annually and help avoid approximately 85,000 tonnes of CO2 emissions every year.
The deal comes amid rising industrial demand in Gujarat for reliable, round-the-clock renewable power through captive models. Manufacturers are increasingly turning to such arrangements to manage energy costs while meeting their sustainability targets.
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 the agreement, Oyster Renewable is strengthening its RTC renewable energy portfolio in Gujarat and plans to expand further across the state's industrial and manufacturing sector.
