Oyster Renewable Energy Pvt Ltd and Dalmia Cement (Bharat) Ltd Launch ₹270 Crore 31.6 MW Hybrid Renewable Energy Project in Andhra Pradesh

Oyster Renewable Energy Pvt Ltd and Dalmia Cement (Bharat) Ltd have announced the development of a 31.6 MW solar-wind hybrid renewable energy project in Kadapa district of Andhra Pradesh, strengthening efforts to accelerate industrial decarbonisation in India’s cement sector.

The project, being developed by Oyster Renewable with an investment of around ₹270 crore, will combine 21.6 MW of wind power and 10 MW of solar capacity through a co-located hybrid configuration. The integrated renewable energy system is designed to provide a more stable and balanced clean power supply for industrial operations. The project is scheduled for commissioning in 2027.

Commenting on the development, Siddharth Bhatia, Managing Director and CEO of Oyster Renewable Energy Pvt Ltd, said the project represents a major addition to the company’s utility-scale hybrid renewable portfolio for the industrial sector. He noted that the initiative is expected to reduce nearly 70,000 metric tonnes of carbon emissions annually while supporting Dalmia Cement’s sustainability goals.

Bhatia further stated that heavy industries such as cement remain among the most challenging sectors to decarbonise, making such renewable energy partnerships increasingly critical. He added that the project aligns with Oyster Renewable’s broader target of developing 3.5 GW of hybrid renewable energy capacity by 2030, backed by a planned investment of ₹30,000 crore.

Dharmender Tuteja, CFO of Dalmia Bharat Ltd, said the hybrid renewable energy project reinforces the company’s long-term ambition of becoming carbon negative by 2040. According to the company, the project will significantly improve plant-level carbon efficiency while advancing its decarbonisation roadmap.

The partnership reflects the growing adoption of hybrid renewable energy models that combine solar and wind power to deliver reliable and cost-effective clean energy solutions for energy-intensive industries. Oyster Renewable stated that the project also includes local workforce participation and regional supply-chain engagement to create long-term economic value for communities in the Kandi Village region of Andhra Pradesh.