Oyster Renewable Energy Pvt Ltd is developing a 60.9 MW wind-solar hybrid renewable energy project for Laurus Labs Limited in Kadapa district, Andhra Pradesh, with a total investment of approximately ₹372 crore. The project comprises 39.3 MWp of solar power and 21.6 MW of wind power and is being developed under a captive power arrangement to meet Laurus Labs’ renewable energy requirements.
The company has commissioned the entire 39.3 MWp solar capacity, which is now operational and generating electricity. The commissioned solar project is expected to produce approximately 51.51 million units (MU) of electricity annually and help avoid around 35,571 tonnes of carbon dioxide emissions every year. The remaining 21.6 MW wind capacity is expected to be commissioned by December 2026, completing the hybrid renewable energy project.
Once fully operational, the combined wind and solar project is expected to generate approximately 124 MU of electricity annually. It is also projected to reduce carbon dioxide emissions by around 88,040 tonnes every year, supporting Laurus Labs’ efforts to reduce its dependence on conventional energy sources and increase the use of clean power across its operations.
The project combines solar and wind energy generation to provide a more consistent renewable electricity supply. While solar power generation is concentrated during daylight hours, wind generation can complement solar output at different times of the day and across seasons. This combination is expected to help Laurus Labs access a more reliable supply of renewable electricity to support its energy-intensive manufacturing operations.
Commenting on the development, Siddharth Bhatia, Managing Director and CEO of Oyster Renewable, said that reliable renewable power is becoming increasingly important for energy-intensive industries. He highlighted that combining wind and solar generation allows companies to access clean electricity beyond daylight hours.
Bhatia also noted that commercial and industrial consumers across sectors such as pharmaceuticals, cement and steel are increasingly adopting hybrid renewable energy solutions to improve energy reliability and sustainability. He said the Kadapa project demonstrates how the hybrid renewable energy model can support industrial power requirements at scale.
Dr. Satyanarayana Chava, Founder and CEO of Laurus Labs Limited, said the commissioning of the 39.3 MWp solar capacity represents an important milestone in the company’s efforts to build more energy-efficient and sustainable operations.
He stated that increasing the share of renewable energy in its energy mix remains a strategic priority for Laurus Labs. The company is pursuing this through investments in captive solar power projects and renewable energy power purchase agreements, alongside improvements in process optimisation, utility performance and energy-efficient technologies.
Laurus Labs aims to meet approximately 50% of its total energy requirements through renewable sources by the fourth quarter of FY27. The additional wind and solar arrangements are expected to support this target while strengthening the company’s commitment to responsible growth and sustainable manufacturing.
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