Agar Malwa, India, October 29, 2026: Oyster Renewable Energy Private Limited has commenced Phase 2 of its wind-solar hybrid power project in Agar Malwa, Madhya Pradesh, as the company advances its planned investment of over ₹6,500 crore in the state’s renewable energy sector.

The foundation stone for the second phase was laid on October 29, 2026, by Mahendra Solanki, Member of Parliament from Dewas, in the presence of Madhu Gehlot, MLA from Agar, and Siddharth Bhatia, Managing Director and CEO of Oyster Renewable.

Phase 2 follows the commissioning of the project’s first phase and marks the next stage of the company’s renewable energy capacity expansion in Madhya Pradesh. The hybrid project combines wind and solar power with battery energy storage and is designed for an operational life of more than 30 years.

Oyster Renewable Plans 800 MW Hybrid Capacity in Madhya Pradesh

The Agar Malwa project forms part of Oyster Renewable’s plan to develop approximately 800 MW of hybrid renewable energy capacity across Madhya Pradesh, backed by an investment exceeding ₹6,500 crore.

The development is expected to support more than 5,000 direct and indirect jobs, creating employment opportunities for local communities and business opportunities for suppliers and service providers.

Once the planned capacity is fully developed, the project portfolio is expected to generate more than 4,500 million units (MU) of clean electricity annually, contributing to the state’s renewable energy generation capacity.

The integration of wind and solar power with battery energy storage is intended to deliver more consistent renewable electricity to commercial and industrial customers.

Agar Malwa Key to Oyster Renewable’s Growth Plans

Commenting on the foundation stone laying, Siddharth Bhatia, Managing Director and CEO of Oyster Renewable, highlighted Agar Malwa’s wind and solar resources and the project’s role in the company’s expansion strategy.

“Agar Malwa’s combination of wind and solar resources makes it one of the strongest hybrid locations in the country, and Phase 2 takes us closer to delivering firmer, more consistent clean power to our commercial and industrial customers,” Bhatia said.

He added that Madhya Pradesh remains central to Oyster Renewable’s ambition to reach 3.5 GW of capacity, with the company planning investments of over ₹6,500 crore in the state.

“With over ₹6,500 crore planned in Madhya Pradesh, the state is key to our journey to 3.5 GW, and we look forward to working with the administration and local communities to build it out,” Bhatia said.