BASF India Partners with CleanMax for Hybrid Renewable Power In Gujarat
A make-and-buy strategy through investment via captive power generation mechanism for supply of renewable energy to BASF’s production sites in Dahej and Panoli
BASF India, on Wednesday, said that it has signed a Share Purchase Agreement with Clean Max Enviro Energy Solutions Limited for procuring renewable energy from the hybrid solar and wind farm in the district of Jamnagar, in the State of Gujarat, under the captive power generation mechanism. The company will also sign the Shareholders’ Agreement, Energy Supply Agreement, and other ancillary agreements soon.
Under this arrangement, the parties will collaborate to build a 12.21 MW wind-solar hybrid Captive Power Plant, which will provide renewable energy to meet BASF’s growing consumption for its manufacturing sites at Dahej and Panoli. It covers the expected procurement of 28,860 MWh annually of renewable power from solar and wind sources under the Group Captive Mechanism for these sites.
The Captive Power Project under Clean Max Amalfi Private Limited, which comprises 6.6 MVA of wind capacity and 5.61 MWp of solar capacity, is scheduled to become operational in 2026. By investing in both solar and wind energy, BASF aims to maximise the usage of renewable energy at its manufacturing sites in Gujarat.
This investment also demonstrates BASF’s long-term commitment to its corporate sustainability targets and its proactive approach to integrating renewable energy into the grids where it operates.
Speaking on the occasion, Matthias Lang, Managing Director of BASF Renewable Energy Company, said, “Our Renewable Energy unit plays a key role in enabling BASF’s energy transition by securing renewable power through investments and Power Purchase Agreements. This project shows how global expertise and local collaboration can drive sustainable growth. A big thank you to our teams and partners for making it happen!”
“India is emerging as a key market for renewable energy, and BASF is proud to contribute to this transformation. Our collaboration with CleanMax reflects our commitment to sustainable growth by securing reliable, low-carbon power for our operations in Gujarat. This project is an important step toward BASF’s global net-zero journey and demonstrates our long-term dedication to integrating renewable energy into our value chains,” says Alexander Gerding, Managing Director, BASF India.
“We are proud to partner with BASF through this hybrid wind and solar project. By combining wind and solar generation under a captive model, we aim to ensure reliable, cost-effective, and green power for BASF’s operations in Gujarat. The collaboration highlights how industrial players can work together to decarbonise manufacturing and accelerate the adoption of clean energy. At CleanMax, we remain committed to delivering tailored solutions that enable our partners to achieve their net-zero goals.” Says Kuldeep Jain, Managing Director, Clean Max Enviro Energy Solutions.
BASF is taking a phased approach to green transformation based on and catering to increased customer demand. In the first phase, BASF has accessed increasing amounts of renewable electricity, piloted new technologies, and launched sustainable products. In the second phase, the company will move to secure increasing volumes of renewable feedstock and ramp up volumes of products with sustainable attributes according to customer needs. BASF is fully committed to its climate protection targets: By 2050, it aims to achieve net-zero greenhouse gas emissions from production (Scope 1), energy purchase (Scope 2) and raw material procurement (Scope 3.1).
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