The investment will cover manufacturing of ingots, and wafers
Oyster Renewable will develop a 48 MWp solar-wind hybrid project in Andhra Pradesh for MS Agarwal Foundries, generating an estimated 12.2 crore units annually and avoiding 86,620 tonnes of CO₂
It will be Oyster Renewable’s third project in Gujarat
The project is being developed by KPI Green Energy under the IPP model and is backed by a long-term power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL)