In Short : Oyster Renewable Energy has secured a ₹1,844 crore loan to develop a 342 MW hybrid renewable project in Madhya Pradesh. Combining solar and wind power, the project aims to strengthen the state’s clean energy infrastructure. The funding will support equipment procurement, construction, and grid integration, advancing India’s renewable energy capacity and contributing […]
Jindal Stainless acquires stake in SPV formed with Oyster Renewable Energy – EQ
In Short : Jindal Stainless acquired a 33.64% stake in Oyster Green Hybrid One Pvt Ltd, developing a 282 MW wind-solar hybrid project in Gujarat and Madhya Pradesh. Supported by IREDA funding, the ₹1,517 crore project will supply clean energy under a 25-year PPA, generating 700 million units annually and reducing 7 lakh tonnes of […]