Mumbai-based Oyster Renewables is set to invest Rs 16,000 crore to develop two GW of renewable energy capacity in India by 2028, according to its Managing Director, Siddharth Bhatia.

Rs 4,000 crore of the total investment will come from equity, with the remaining Rs 12,000 crore raised through debt. The company’s current focus is on commissioning 300 MW by 01 December, 2025, which marks its first two operational projects. An additional 450 MW is under construction and expected to be online by the end of the year.

The investment is part of a one-GW platform initially valued at Rs 8,000 crore, which the company plans to double. Funding has been secured through a Singapore-based setup in partnership with a family office. The company also plans to integrate a battery energy storage system amounting to 10 percent of the total capacity, to optimise grid injection and maximise returns during peak hours.