New Delhi, Nov 12 (PTI) Oyster Renewable Energy on Thursday said it will complete the 60.9 MW wind-solar hybrid power project worth Rs 350 crore in Kadapa district of Andhra Pradesh by next month.
The project comprises 39.3 MWp of solar and 21.6 MW of wind capacity and will supply all its power to Laurus Labs Limited under a captive power arrangement, a company statement said.
According to the statement, the full 39.3 MWp of solar capacity has been commissioned and is operational.
The company is building a 60.9 MW wind-solar hybrid power project in Kadapa district, Andhra Pradesh, at a total project cost of over Rs 350 crore, it stated. The commissioned solar capacity is expected to generate about 51.51 million units (MU) of electricity a year, avoiding an estimated 35,571 tonnes of CO₂ emissions annually.
The remaining 21.6 MW of wind capacity is expected to be commissioned by December 2026, completing the project, it stated. Once fully operational, the hybrid project is expected to generate about 124 MU a year and avoid an estimated 88,040 tonnes of CO₂ emissions annually.
Siddharth Bhatia, MD & CEO, Oyster Renewable, said in the statement, “For energy-intensive manufacturers, renewable power is only useful if it is reliable. Pairing wind with solar is how we give customers like Laurus Labs clean power well beyond daylight hours.”
With additional solar and wind power arrangements, we aim to achieve around 50 per cent of our energy requirements from renewable sources by Q4 FY27, said Dr Satyanarayana Chava, Founder & CEO, Laurus Labs Ltd. PTI KKS MR
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