Fourth Partner Energy to Supply 45 MW Hybrid RE Power to GACL in Gujarat
Fourth Partner Energy has partnered with Gujarat Alkalies and Chemicals to supply over 99 million units of renewable electricity annually to GACL from a 45 MW captive wind-solar hybrid project in Gujarat, comprising 19.8 MW of wind and 25 MWp of solar capacity.
November 13, 2026. By Mrinmoy Dey
The project will be developed through FPEL Bhanu, a special purpose vehicle (SPV) and subsidiary of Fourth Partner Energy. GACL will acquire a 26 percent stake in the SPV, while FPEL will retain the remaining 74 percent, to comply with captive RE regulations. The companies have executed a Share Purchase Agreement, Shareholders' Agreement and Power Consumption Agreements for the project.
Both companies will invest in the SPV in an equity ratio of 26:74 to establish the captive hybrid renewable energy project. The entire electricity generated by the project will be consumed by GACL at its Gujarat facility.
Commenting on the partnership, PT Devaraj, Head – Business Development (India), and Kushal Mamgain, Head – Business Development (West Zone), FPEL, said, “We are super thrilled to be partnering with India's leading player in the Chlor-Alkali sector and largest caustic soda producer in their energy transition journey. This marks FPEL's largest contract in Gujarat till date, and we look forward to delivery of green power to GACL. This deal is also a reflection of how corporates are increasingly relying on wind-solar hybrid solutions to meet their decarbonisation goals. We believe this technology, coupled with BESS, will be the go-to for India's renewables strategy.”
FPEL stated that the project will be developed at its Mota Agariya site and is expected to supply more than 99 million units of renewable electricity annually to GACL. The contract marks FPEL's largest project in Gujarat to date.
The project will support GACL's renewable energy procurement and decarbonisation efforts while adding captive wind and solar capacity to its energy portfolio.
please contact: contact@energetica-india.net.
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