Oyster Renewable Commissions 60.9 MW Wind-Solar Project for Laurus Labs

Oyster Renewable Energy, a hybrid renewable energy solutions provider for Commercial and Industrial (C&I) consumers, is building a 60.9 MW wind-solar hybrid power project in Kadapa district, Andhra Pradesh, at a total project cost over INR 350 crore. The project comprises 39.3 MWp of solar and 21.6 MW of wind capacity and will supply all its power to Laurus Labs under a captive power arrangement. The full 39.3 MWp of solar capacity has been commissioned and is generating.

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. 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.

Pairing wind and solar at one project extends generation beyond daylight hours, giving Laurus Labs a steadier supply of renewable power across the day and through the seasons.

Speaking on the milestone, Siddharth Bhatia, MD and CEO, Oyster Renewable, said, “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. More C&I consumers across sectors such as pharmaceuticals, cement and steel are moving to hybrid renewable power for exactly this reason, and Kadapa shows how that model works at scale.”

Dr. Satyanarayana Chava, Founder and CEO, Laurus Labs, said, “The commissioning of the 39.3 MWp Solar Project marks an important milestone in Laurus Labs’ journey towards building more energy-efficient and sustainable operations. Increasing the share of renewable energy in our energy mix is a strategic priority, and we are pursuing this through investments in captive solar power and renewable energy power purchase agreements. Alongside expanding our renewable energy footprint, we remain focused on reducing energy intensity through process optimisation, improved utility performance and the adoption of energy-efficient technologies across our facilities. With additional solar and wind power arrangements, we aim to achieve around 50% of our energy requirements from renewable sources by Q4 FY27. These initiatives reflect our commitment to responsible growth, operational excellence and creating a more sustainable future.”