Renewable Energy Supply Agreement
Gujarat Alkalies & Chemicals Partners with CleanMax for 160.24 MW Hybrid Renewable Energy Project in Gujarat
NSE
gujalkali
BSE
530001
Gujarat Alkalies and Chemicals Limited (GACL) has partnered with Clean Max Enviro Energy Solutions Limited (CleanMax) to source hybrid renewable energy through a 75.90 MW wind and 84.34 MWp solar power project in Gujarat. The project will provide 100% captive renewable power to GACL’s manufacturing facilities and support large-scale industrial decarbonisation.
PRICE-SENSITIVE TRIGGER
Event: Strategic Renewable Energy Partnership
Type: Industrial Decarbonisation & Renewable Energy Supply Agreement
Impact: Positive
Immediate Effect: The partnership strengthens GACL’s renewable energy transition strategy, enhances long-term energy security, and is expected to reduce carbon emissions significantly while supporting sustainable manufacturing operations.
Key Metrics:
- Wind Capacity: 75.90 MW
- Solar Capacity: 84.34 MWp
- Total Hybrid Capacity: 160.24 MW
- Annual Clean Energy Generation: ~36.9 Crore Units
- Estimated Annual CO₂ Reduction: ~2,64,204 Tons
- Equivalent Environmental Benefit: ~15.27 Million Trees Annually
- CleanMax Operational Capacity in Gujarat (Mar-26): ~844 MW
Highlight:
- 160.24 MW Hybrid Renewable Energy Project (75.90 MW Wind + 84.34 MWp Solar)
What Happened ?
Gujarat Alkalies and Chemicals Limited announced a strategic partnership with Clean Max Enviro Energy Solutions Limited to source hybrid renewable power for its Dahej and Vadodara manufacturing facilities under a group captive structure.
The project combines 75.90 MW of wind capacity and 84.34 MWp of solar capacity across four renewable energy sites in Gujarat. Power generated from these assets will be fully consumed by GACL, supporting its decarbonisation roadmap and reducing dependence on conventional energy sources.
The project will be executed in two phases and is expected to contribute materially toward reducing the company’s carbon footprint while improving long-term energy cost visibility.
Key Details
Project Scope and Strategic Significance:
- CleanMax will supply hybrid renewable energy to GACL’s manufacturing facilities at Dahej and Vadodara.
- The project will be implemented across Kalikanagar, Aji Dahisarda, Rajula and Ghuntu in Gujarat.
- Entire power generation will be utilized by GACL under a captive consumption model.
- Phase 1 includes 16.50 MW wind and 21.70 MWp solar capacity.
- Phase 2 includes 59.40 MW wind and 62.64 MWp solar capacity.
- Annual generation is estimated at approximately 36.9 crore units of clean electricity.
- The project supports GACL’s sustainability and operational efficiency objectives.
- Renewable integration is particularly relevant for the energy-intensive chlor-alkali manufacturing business.
- CleanMax identified the project as its largest group captive transaction to date.
- The partnership strengthens CleanMax’s presence in Gujarat’s industrial renewable energy market.
Note:
- The collaboration combines industrial energy demand with large-scale renewable generation, creating a long-term framework for reducing emissions while maintaining operational reliability and energy cost competitiveness.
Risk Analysis
Summary:
- The announcement is strategically positive; however, execution timelines, commissioning schedules and renewable resource performance remain important determinants of project benefits.
Key Risks:
- Benefits depend on timely commissioning of both project phases.
- Renewable generation output may vary due to wind and solar resource availability.
- Regulatory changes affecting captive power structures could influence project economics.
- Delays in infrastructure development could postpone realization of environmental and operational benefits.
- Energy savings and emission reductions will accrue progressively after commissioning.
Worst Case Scenario:
- Project delays or regulatory changes could defer renewable power availability, resulting in slower-than-expected decarbonisation and energy cost benefits.
Risk Level: Low
Company Commentary
- GACL stated that sustainability remains a core pillar of its long-term growth strategy.
- The company believes renewable energy integration will strengthen energy reliability while reducing environmental impact.
- GACL highlighted its commitment to responsible manufacturing and environmentally conscious operations.
- CleanMax stated that the project demonstrates how large industrial customers can transition to renewable energy without compromising operational reliability.
- CleanMax described the transaction as its largest group captive deal and reaffirmed Gujarat’s strategic importance for renewable energy growth.
- Both companies emphasized their shared commitment to accelerating industrial decarbonisation in India.
Official Exchange Filing: Gujarat Alkalies and Chemicals Limited