Oyster Renewable secures Rs 1,844 crore loan for hybrid project in Madhya Pradesh

Oyster Renewable Energy has obtained a Rs 1,844 crore loan to develop a 342 MW hybrid renewable energy project in Madhya Pradesh, combining solar and wind capacities.  

The loan will fund the procurement of equipment, including solar panels, wind turbines, and inverters, to ensure efficient and reliable power generation and long-term project performance.

Construction will involve land preparation, installation of renewable energy systems, and development of infrastructure for power evacuation. The project is expected to create employment opportunities for local communities during the construction phase.

Grid integration is a key component, with measures planned to enable smooth transmission of electricity from both solar and wind sources, supporting Madhya Pradesh’s renewable energy targets.