en.Wedoany.com Reported - Oyster Renewable Energy and Dalmia Cement (Bharat) Ltd have jointly announced plans to develop a 31.6 MW wind-solar hybrid renewable energy project in the Kadapa district of Andhra Pradesh, India, to drive decarbonization in the industrial sector.

The project, with an investment of approximately INR 2.7 billion, adopts a co-located hybrid configuration, integrating 21.6 MW of wind power and 10 MW of solar photovoltaic generation capacity, aiming to provide a more stable renewable energy supply for industrial operations. Expected to be commissioned in 2027, the project is the latest example of energy-intensive industries increasingly adopting hybrid renewable energy solutions to reduce carbon emissions and enhance sustainability metrics.

Siddharth Bhatia, Managing Director and CEO of Oyster Renewable Energy, stated that this project adds a significant chapter to Oyster Renewable's strong track record of delivering utility-scale hybrid assets for India's industrial sector, while helping Dalmia Cement substantially reduce its annual carbon emissions and advance its sustainability commitments. Bhatia noted that the project is expected to cut nearly 70,000 tonnes of carbon emissions annually. He pointed out that heavy industries like cement are among the hardest sectors to decarbonize, making it crucial to address this challenge. Oyster Renewable indicated that this project aligns with its larger plan to build 3.5 GW of hybrid renewable energy capacity by 2030, supported by a planned investment of approximately INR 300 billion.

For Dalmia Cement, this project is an integral part of its long-term decarbonization strategy. Dharmender Tuteja, CFO of Dalmia Bharat Ltd, said the project marks another important milestone in Dalmia Cement's renewable energy journey and reinforces the company's ambition to achieve carbon neutrality by 2040. According to the company, the hybrid project will enhance carbon efficiency at the plant level while helping to reduce dependence on conventional energy sources.

Both companies stated that the project will also involve local workforce participation and regional supply chain collaboration in the Kandi village area of Andhra Pradesh. As enterprises seek round-the-clock clean power solutions to lower energy costs and emissions, hybrid renewable energy projects combining wind and solar power are gaining increasing traction in India's commercial and industrial sectors.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com