BASF India Partners with CleanMax for Hybrid Solar-Wind Captive Power Project in Gujarat

BASF India Ltd. has entered into a Share Purchase Agreement with Clean Max Enviro Energy Solutions Ltd. to procure renewable energy from a hybrid solar and wind farm located in Jamnagar, Gujarat.

The initiative is part of BASF’s strategy to transition its manufacturing sites in Dahej and Panoli to cleaner power sources through the captive power generation mechanism.

Under this collaboration, BASF and CleanMax will jointly develop a 12.21 MW wind-solar hybrid captive power project under Clean Max Amalfi Private Limited. The facility will comprise 6.6 MVA of wind capacity and 5.61 MWp of solar capacity, expected to generate around 28,860 MWh of renewable electricity annually once operational in 2026.

The renewable power will cater to BASF’s growing energy requirements at its Dahej and Panoli production sites, reinforcing the company’s commitment to sustainable operations and India’s broader journey toward net zero.

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.”

Commenting on the partnership, Alexander Gerding, Managing Director of BASF India Ltd., added, “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.”

Kuldeep Jain, Managing Director of Clean Max Enviro Energy Solutions Ltd., said, “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. This collaboration highlights how industrial players can work together to decarbonize manufacturing and accelerate the adoption of clean energy.”

BASF’s investment in the hybrid renewable project underscores its long-term sustainability goals and its proactive approach to integrating clean energy into its global operations.