OYSTER RENEWABLE PART-COMMISSIONS ITS FIRST 315.6 MW SOLAR-WIND HYBRID PROJECT IN INDIA
The successful part-commissioning of Oyster Renewable Energy's flagship 315.6 MW solar-wind hybrid project in Agar-Malwa, India, marks a defining milestone for JSL Global's renewable energy platform and reinforces its capability to deliver firm, clean power at industrial scale to energy-intensive customers.
Oyster Renewable Energy Pvt Ltd, a key asset within JSL Global’s renewable energy platform, has successfully part-commissioned its first large-scale solar-wind hybrid project at Agar-Malwa, Madhya Pradesh. Developed at a total investment of over ₹2,000 crore, the project supplies firm clean power to Jindal Stainless Limited under a long-term 25-year group captive power purchase agreement. The Madhya Pradesh facility is now operational, with the Gujarat facility to follow in subsequent phases. Once fully operational, the project is expected to abate approximately 6.5 lakh tonnes of carbon emissions annually, establishing a benchmark for industrial decarbonisation in India.
SCALE, HYBRID DESIGN AND EXECUTION
The 315.6 MW asset is strategically spread across Madhya Pradesh (~216 MW) and Gujarat (99 MW), integrating bifacial solar modules on tracker systems with advanced Suzlon 3.15 MW wind turbines in a co-located hybrid configuration. By pairing complementary solar and wind generation profiles, the project delivers a more stable and predictable renewable supply, addressing one of the most persistent challenges in meeting round-the-clock industrial energy demand. Project execution has been anchored in capital discipline, technological depth, and strong local workforce participation.
“This project reflects Oyster’s ability to develop and execute large-scale hybrid infrastructure with capital discipline and technological depth. Our self-developed asset combines solar and wind to deliver stable, cost-efficient renewable energy to an anchor industrial customer, while reducing carbon emissions by approximately 6.5 lakh tonnes per year. As India accelerates towards its net-zero ambitions, industrial decarbonisation will be pivotal, and we remain focused on scaling our hybrid portfolio with execution precision, operational reliability, and responsible development.”
Siddharth Bhatia,
Managing Director & CEO, Oyster Renewable Energy Pvt Ltd
ADVANCING JSL GLOBAL'S RENEWABLE ENERGY PLATFORM
This commissioning validates JSL Global’s investment thesis in firm, round-the-clock clean power for industrial consumers. With over 1 GW of RTC clean power projects already under implementation, the Agar-Malwa asset positions JSL Global’s renewable platform to scale aggressively across steel, metals, chemicals, and other energy-intensive sectors where firm renewable supply is fast becoming a competitive necessity rather than a sustainability choice. The platform remains focused on delivering bankable hybrid solutions with long-horizon reliability, responsible community engagement, and disciplined capital deployment.
“Firm, reliable clean power is the critical enabler for decarbonising energy-intensive industries at scale. This commissioning is a significant step forward for JSL Global’s renewable energy platform, reinforcing our commitment to building bankable hybrid solutions that power the stainless steel value chain responsibly. As we continue scaling our underconstruction 1 GW RTC portfolio with a vision to reach 3.5 GW by 2030, Oyster’s execution reflects the operational rigour and strategic depth we bring to India’s clean energy transition.”
PGH Prasad,
Director and CEO, JSLGC
Commissioning ceremony at the project substation with the Oyster Renewable and JSLGC teams.
ABOUT JSLGC
Singapore-based JSL Global is one of the fastest-growing privately held companies operating in the global stainless steel ecosystem. In just five years, we’ve become a trusted and preferred partner for businesses across the value chain, with reliable metal and mineral sourcing facilities, a strong global trading network of stainless steel products, strategic investments in RKEF plants, and 1 GW RTC clean power projects under implementation.
MEDIA ENQUIRIES
Topendra Nayak: investments@jslgc.com