Chemical products manufacturer BASF India will procure 28,860 MWh of renewable power from a 12.21 MW hybrid wind-solar captive project to be developed jointly with Clean Max Amalfi, a special purpose vehicle of CleanMax, in Jamnagar district, Gujarat.

The project will comprise 6.6 MVA of wind and 5.61 MWp of solar capacity. The project is expected to be operational in 2026.

BASF will also procure green attributes, along with renewable power, for its manufacturing sites located in Dahej and Panoli, Gujarat.

The company has signed a share purchase agreement to acquire a 26% equity stake in Clean Max Amalfi for ₹65.93 million (~$743.914).

It will subsequently sign the shareholders, energy supply, and other ancillary agreements to avail of the benefits available to captive users under the applicable laws.

The initiative forms part of BASF’s make-and-buy strategy for renewable energy procurement, aligning with its corporate sustainability goals and India’s net-zero transition.

BASF is implementing a phased approach toward green transformation. The first phase involves scaling up renewable electricity use, piloting new technologies, and launching sustainable products.

The second phase focuses on securing renewable feedstock and increasing the production of sustainable products. BASF aims to achieve net-zero greenhouse gas emissions by 2050 across Scope 1, Scope 2, and Scope 3.1 categories.

In its annual report 2024-25, BASF India said over 58% of the power used at the company’s Mangalore Site is solar power. During the year, it signed an a 25-year power purchase agreement with Clean Renewable Energy KK 2C, a special-purpose vehicle established by Hero Rooftop Energy, to secure 2.7 MW of renewable power.

At the company’s Dahej manufacturing facility, Phase 2 of the rooftop solar panel installation was completed during FY 2024–25, with Phase 3 ready for power generation. The total installed solar capacity has reached 900 kW.

In July, CleanMax and Toyota Tsusho India formed a new entity to develop 300 MW of renewable energy projects by March 2028, to address the clean energy needs of Japanese corporations in India.

Earlier this month, GlaxoSmithKline Pharmaceuticals announced it will source power from a 4.95 MW solar project of Clean Max Galapagos.