BASF India Limited has entered into a Share Purchase Agreement with Clean Max Enviro Energy Solutions Limited to procure green power from a hybrid solar-wind project in Jamnagar, Gujarat. The initiative will support captive power generation for BASF’s manufacturing facilities in Dahej and Panoli.
As part of the arrangement, both companies will collaborate to establish a 12.21 MW hybrid captive power plant, expected to supply 28,860 MWh of renewable electricity annually. Additional agreements including the Shareholders’ Agreement, Energy Supply Agreement, and other supporting contracts are set to follow.
The project, implemented under Clean Max Amalfi Private Limited, combines 6.6 MVA of wind capacity with a 5.61 MWp solar installation. It is scheduled to become operational in 2026. The dual-source system aims to maximise clean energy availability across varying weather conditions, ensuring consistent and sustainable power for BASF’s Gujarat sites.
Matthias Lang, Managing Director of BASF’s global renewable energy unit, emphasised the strategic role of renewable energy in the company’s long-term roadmap. “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.”
Speaking on the growing importance of India in BASF’s sustainability journey, Alexander Gerding, Managing Director of BASF India Ltd, noted: “India is emerging as a key market for renewable energy, and BASF is proud to contribute to this transformation. This project is an important step toward BASF’s global net-zero journey.”
Clean Max, a leading renewable energy player, highlighted the significance of industry collaboration in achieving decarbonisation goals. “By combining solar and wind generation under a captive model, we aim to ensure reliable, cost-effective, and green power for BASF’s operations,” said Kuldeep Jain, Managing Director of Clean Max.
The partnership forms part of BASF’s broader phased approach to green transformation. The company’s strategy includes increasing renewable electricity usage, piloting innovative technologies, and adopting sustainable feedstocks. BASF has pledged to achieve net-zero greenhouse gas emissions across Scope 1, Scope 2, and Scope 3.1 by 2050.
The hybrid renewable power project in Gujarat marks a concrete advancement in that mission, reinforcing BASF’s commitment to integrating clean energy into its operations and value chain while supporting India’s accelerating shift toward sustainable industrial growth.
