BASF India joins hands with Clean Max to procure hybrid solar and wind power for its captive use at its plants 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.  
• Initiative supports value-based green transformation in line with BASF’s corporate strategy and India’s journey to net zero.

India – November 11, 2025: 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.

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 ramping 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).

About BASF in India 

 BASF has successfully partnered India’s progress for more than 130 years. As of the end of 2024, BASF had 2,411 employees in India with 8 production sites and 42 offices throughout the country. The Innovation Campus Mumbai and the Coatings Technical Center in Mangalore are both part of BASF’s global technology platform. In 2024, BASF registered sales of approximately €2.4 billion to customers in India. Further information is available on  www.basf.com/in.

About BASF

At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of €65.3 billion in 2024. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.