Oyster Renewable signs 25.2 MW RTC renewable power agreement with Kutch Chemical

Oyster Renewable has signed a binding term sheet with Kutch Chemical Industries Ltd to supply 25.2 MW of wind-solar hybrid renewable power on a round-the-clock (RTC) basis under a captive structure.

Oyster Renewable will develop 25.2 MW of wind capacity and 27.72 MWp of solar capacity in Gujarat to supply the contracted power to Kutch Chemical’s operations on a round-the-clock (RTC) basis. This will be Oyster Renewable’s third project in the state.

Once operational, the hybrid solar-wind facility is estimated to generate over 1,08,000 MWh of clean power annually, reducing approximately 85,000 tonnes of CO2 emissions each year.

“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,” said Siddharth Bhatia, MD & CEO, Oyster Renewable. “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.”