Chennai-based engineering, procurement, and construction firm Kshema Power has secured an order from Oyster Green Hybrid Three to develop a 33 kV/220 kV transmission line and an air-insulated substation for a 350 MW wind-solar hybrid project in Madhya Pradesh.

Oyster Green Hybrid Three is a special-purpose vehicle promoted by independent power producer, Oyster Renewable, established to develop, own, and operate large-scale renewable energy projects in India.

The project entails the supply, erection, testing, and commissioning of a 51-kilometer transmission line, along with the design, engineering, supply, installation, civil works, testing, and commissioning of an air-insulated substation.

The project is expected to be commissioned by July 2026.

In September 2025, Oyster Renewable achieved financial closure for a 342 MW wind-solar hybrid project in Madhya Pradesh, securing a loan of ₹18.44 billion (~$207.71 million) from the Union Bank of India with a 20-year tenure. The co-located solar-wind project will be connected to the interstate transmission system.

The wind-solar hybrid projects comprise an 82 MW wind project and a 135 MW solar project in Agar, Madhya Pradesh, and a 99 MW wind project in Bhuj, Gujarat.

The projects, backed by a ₹15.17 billion (~$176.65 million) loan by the Indian Renewable Energy Development Agency, are likely to be commissioned by the third quarter of the financial year 2026.

To date, Kshema Power has executed over 4.5 GW of wind energy projects and installed 1,600 km of transmission lines for various Indian states. Its offerings include wind and solar park development, utility-scale and rooftop solar installations, and transmission and distribution projects.

Mumbai-based Oyster Renewable develops solar, wind, and wind-solar hybrid projects.

It plans to invest ₹160 billion (~$1.8 billion) to achieve 2 GW of renewable energy capacity by 2028. The company is expected to close a capacity of 300 MW by December 2025.

In June 2025, Jindal Stainless said that it will procure approximately 700 million units of renewable energy annually from Oyster Renewable’s 282 MW interstate wind-solar hybrid power projects, which are under development.