Oyster Renewable signs term sheet with Kutch Chemical for 25.2 MW wind-solar hybrid RTC project in Gujarat
Type: Ppa · Technology: Hybrid · Country: India · Capacity: 25.2 MW · Announced: 2026-08-20
Oyster Renewable signed a binding term sheet with Kutch Chemical Industries to provide 25.2 MW of round-the-clock renewable power. This power will be generated from a wind-solar hybrid project located in Gujarat, India. The project is designed to produce over 108,000 MWh of renewable electricity annually, significantly reducing CO2 emissions by 85,000 tonnes. This initiative aims to enhance sustainability for Kutch Chemical Industries' industrial operations.
Analysis
Oyster Renewable announced on August 20, 2026, that it signed a binding term sheet for a 25.2 MW wind-solar hybrid round-the-clock (RTC) power purchase agreement (PPA) with Kutch Chemical Industries. This project, located in Gujarat, India, is designed to produce over 108,000 MWh of renewable electricity annually. The initiative aims to provide power for Kutch Chemical Industries' industrial operations and is projected to reduce CO2 emissions by 85,000 tonnes. The deal value was not disclosed.
Key points
- Oyster Renewable signed a PPA with Kutch Chemical Industries.
- The deal is for a 25.2 MW wind-solar hybrid RTC project.
- The project is located in Gujarat, India.
- The project is designed to produce over 108,000 MWh of renewable electricity annually.
- The deal was announced on 2026-08-20.
Counterparties
- Oyster Renewable (Developer)
- Kutch Chemical Industries (Offtaker)
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