Mumbai, Aug. 22 -- Oyster Renewable has signed a Binding Term Sheet with Kutch Chemical Industries Limited to supply 25.2 MW Wind Solar Hybrid round-the-clock (RTC) renewable power comprising of 25.2 MW Wind and 27.72 MWp Solar in the state of Gujarat, under a captive structure. This marks Oyster Renewable's third project in the state, reinforcing Gujarat's position as a key market in the company's renewable energy portfolio.

The project is structured to deliver firm, round-the-clock clean power to Kutch Chemical's operations.

Once operational, the hybrid solar-wind facility is estimated to generate over 1,08,000 MWh of clean power annually, reducing approximately 85,000 tonnes of CO2 emissions each year.

The agreement underscores grow...