Oyster Renewable to Invest ₹16,000 Crore for 2 GW Green Energy Push by 2028 – EQ
In Short : Oyster Renewable Energy plans to invest ₹16,000 crore to build 2 GW of renewable capacity by 2028, focusing on the commercial and industrial sector. The company aims to commission 800 MW by June 2026, with 55% of its target already under development, leveraging wind-solar hybrid projects to deliver round-the-clock clean power across multiple states.
In Detail : Oyster Renewable Energy has announced plans to invest ₹16,000 crore to develop 2 GW of renewable energy capacity by 2028. The company, which focuses on supplying power to the commercial and industrial sector, aims to strengthen its position as a key player in India’s growing green energy market.
By June 2026, the company intends to commission 800 MW of capacity, representing a significant milestone in its expansion plan. This phase will require an estimated ₹6,000 crore in capital expenditure and will contribute towards achieving the overall 2 GW target.
Currently, 55% of the planned capacity is already under development. Oyster Renewable Energy is working to ensure that these projects come online within the planned timeline, enabling it to provide a steady supply of clean energy to its clients.
The company’s portfolio includes notable projects such as the 282 MW wind-solar hybrid venture with Jindal Stainless. Spread across Gujarat and Madhya Pradesh, this project will deliver reliable renewable power under a long-term group captive agreement.
Backed by a ₹1,517 crore loan from the Indian Renewable Energy Development Agency, the Jindal Stainless hybrid project is expected to reduce carbon emissions by 700,000 metric tonnes annually. This is equivalent to planting around 30 million trees each year.
Oyster is also building a broader hybrid wind-solar pipeline of 650 MW across Madhya Pradesh, Gujarat, and Andhra Pradesh. These projects are designed to ensure round-the-clock power supply, reducing reliance on any single renewable source.
The company is leveraging India’s General Network Access regime to enhance interstate transmission capabilities. This approach will allow Oyster to serve clients in multiple states without being constrained by geographical boundaries.
In addition to hybrid solutions, the company is exploring new technologies and operational strategies to maximize efficiency and reliability. Its focus is on providing industrial consumers with consistent, cost-effective green power.
By pursuing a combination of large-scale investment, strategic partnerships, and technological integration, Oyster Renewable Energy aims to become a leading supplier of clean energy in the commercial and industrial space by the end of the decade.
