With Hybrid Push, Oyster Renewable Aims 2 GW Capacity

Serentica To Supply Hybrid Renewable Power To INOXAP

India-based Oyster Renewable Energy is aiming to commission 2 gigawatts (GW) of renewable energy capacity by 2030, with a sharp focus on the commercial and industrial (C&I) sector, the company said in an interaction with Saur Energy.

The independent power producer, founded in 2021, is building a portfolio of hybrid wind-solar projects across several Indian states to deliver round-the-clock renewable power to corporate clients.

“We started out to achieve a 2 GW target over the first five years of our existence,” said Siddharth Bhatia, Managing Director (MD) of Oyster Renewable Energy. “Within the first year and a half, we already signed on a sizable capacity, all of which is under implementation.”

MP, Gujarat & Kerala Under Radar 

The company is developing projects in Madhya Pradesh, Gujarat and Kerala, with 350 megawatts (MW) expected to be operational by mid-2025. Another 300 MW is under development and expected to go online next year.

Oyster is also exploring new projects in Andhra Pradesh and Maharashtra, where demand from data centres is growing rapidly.

“We are in the midst of setting up close to 100 MW of hybrid capacities. Our goal is to become a round-the-clock renewable energy supplier for our industrial clients,” Bhatia said.

Unlike many players in the space, Oyster has stayed out of rooftop solar. Instead, it is developing its own generation assets and supplying power through open access and the interstate transmission network.

Two of its larger projects are connected to the Central Transmission Utility of India Ltd (CTUIL) under the General Network Access (GNA) regime, allowing the firm to supply power across state borders.

Current Order Pipeline-650 MW

Its current pipeline of 650 MW includes around 450 MW of wind capacity, with the remainder from solar. Oyster is sourcing wind turbines from Indian OEMs such as Suzlon and Inox, in the 3 MW to 3.3 MW range.

“We are a home-bred Indian company and believe in partnering with Make-in-India focused players,” said Bhatia.

The company’s upcoming solar project in Madhya Pradesh will feature n-type TOPCon modules and tracking systems. All solar modules used are approved under the government’s Approved List of Models and Manufacturers (ALMM) and made in India. Oyster is also deploying robotic, waterless cleaning systems to maintain performance and efficiency at its sites. “We’re ensuring the highest possible yield from our assets,” Bhatia said.

Diversified Customer Base 

Current customers include healthcare providers and process industries. The company plans to serve data centre clients in the near future, a segment expected to drive major demand.

Bhatia said upcoming changes in policy could significantly impact the sector. From July 2025, the waiver on interstate transmission charges will be reduced from 100 to 75 percent, before being phased out.

“We are focused on timely execution to take advantage of the current regulatory window,” he said. Oyster Renewable Energy is positioning itself as a serious player in India’s energy transition, with a focus on high-efficiency assets, timely execution, and C&I market demand.