Oyster Renewable Energy is developing a 60.9 MW wind-solar hybrid project for pharmaceutical manufacturer Laurus Labs in Kadapa district, Andhra Pradesh, with a reported investment of ₹372 crore. The company has commissioned the project’s entire 39.3 MWp solar capacity, which is now operational and generating electricity. The remaining 21.6 MW wind component is expected to be commissioned by December 2026.
The project is being developed under a captive power arrangement, with its entire electricity output allocated to Laurus Labs. The hybrid configuration combines 39.3 MWp of solar capacity with 21.6 MW of wind generation, providing the pharmaceutical company with renewable electricity from two complementary sources.
Solar Component to Generate 51.51 Million Units Annually
The commissioned solar capacity is expected to generate approximately 51.51 million units (MU) of electricity annually and avoid an estimated 35,571 tonnes of carbon dioxide emissions each year.
Once the wind component becomes operational, the combined 60.9 MW hybrid project is expected to generate around 124 MU of electricity annually. Its annual carbon emissions reduction is estimated at approximately 88,040 tonnes.
The integration of wind and solar generation is intended to extend renewable electricity availability beyond daylight hours. While solar generation is concentrated during the day, wind power can complement its output at different times, providing a more balanced renewable energy supply for industrial consumption.
Commenting on the development, Siddharth Bhatia, Managing Director and CEO of Oyster Renewable, highlighted the importance of reliable renewable electricity for energy-intensive industries. He said that combining wind and solar generation enables industrial consumers to access clean power beyond daylight hours. He also pointed to growing demand for hybrid renewable energy solutions among commercial and industrial consumers in sectors such as pharmaceuticals, cement and steel.
Laurus Labs Targets 50% Renewable Energy Share by Q4 FY27
For Laurus Labs, the project forms part of its broader efforts to increase renewable energy consumption and improve energy efficiency across its operations. The company is pursuing this through investments in captive solar projects and renewable energy power purchase agreements, alongside process optimisation, improved utility performance and the adoption of energy-efficient technologies.
Dr. Satyanarayana Chava, Founder and CEO of Laurus Labs, said the commissioning of the 39.3 MWp solar project marks an important milestone in the company’s efforts to build more energy-efficient and sustainable operations.
Laurus Labs aims to meet approximately 50% of its total energy requirements through renewable sources by the fourth quarter of FY27. The additional wind capacity, together with its other renewable energy arrangements, is expected to support progress towards this target.
The commissioning of the solar component marks the first operational milestone in the hybrid development. The project’s remaining wind capacity is expected to complete the renewable energy arrangement by December 2026.
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