Last Updated on November 17, 2025 by Author
BASF India Limited 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 (including green attributes) 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 of 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 maximize 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’s global renewable energy unit, said, “Our BASF 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 Clean Max 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 Ltd
“We are proud to partner with BASF through this hybrid solar and wind project. By combining solar and wind 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 decarbonize 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 Ltd.
