Loading market data...
Sun, 19 Jul 2026
04:44:03 am
Sun, 19 Jul 2026
04:44:03 am
Synopsis
CleanMax secures its largest group captive renewable energy deal with GACL to develop a 160.24 MW hybrid wind and solar project in Gujarat. Explore project details, strategic impact, industrial decarbonization benefits, CleanMax's renewable energy portfolio, and the future of corporate green energy adoption in India.
India's renewable energy sector received a major boost as Clean Max Enviro Energy Solutions Limited (CleanMax) announced its largest-ever group captive renewable energy agreement with Gujarat Alkalies and Chemicals Limited (GACL). The partnership will develop a massive 160.24 MW hybrid renewable energy project in Gujarat, combining both wind and solar power generation to support industrial decarbonization and sustainable manufacturing.
The project represents another significant milestone in India's transition toward clean energy and demonstrates how large industrial companies are increasingly adopting renewable power to reduce carbon emissions, improve energy security, and lower long-term operating costs.
For CleanMax, the deal marks its largest group captive project to date, while for GACL, one of India's leading chlor-alkali manufacturers, the initiative supports its long-term sustainability and net-zero ambitions.
| Particulars | Details |
|---|---|
| Project Capacity | 160.24 MW |
| Wind Power Capacity | 75.90 MW |
| Solar Power Capacity | 84.34 MWp |
| Project Location | Gujarat |
| Partner Company | Gujarat Alkalies and Chemicals Ltd (GACL) |
| Project Type | Hybrid Renewable Energy |
| Objective | Industrial Decarbonization |
| Deal Significance | CleanMax's Largest Group Captive Deal |
Loading chart...
The renewable energy project has been specifically designed to supply clean electricity to GACL's manufacturing facilities in Gujarat.
As one of India's largest chemical manufacturers, GACL operates energy-intensive production units that require reliable power supply throughout the year. By integrating wind and solar energy through a hybrid model, the company aims to reduce dependence on conventional energy sources while strengthening operational sustainability.
The partnership also aligns with India's broader renewable energy targets and the government's efforts to encourage industrial adoption of green power solutions.
The project combines two major renewable energy sources to ensure stable and efficient power generation.
| Energy Source | Capacity |
|---|---|
| Wind Energy | 75.90 MW |
| Solar Energy | 84.34 MWp |
| Total Capacity | 160.24 MW |
The hybrid structure helps balance power generation throughout the day and across seasons. Solar energy generates electricity during daylight hours, while wind energy can continue generating power even during non-solar periods, improving overall energy reliability.
Hybrid renewable projects have emerged as one of the fastest-growing segments within India's clean energy industry.
| Benefit | Impact |
|---|---|
| Higher Power Availability | More consistent energy generation |
| Improved Grid Stability | Reduced power fluctuations |
| Better Land Utilization | Optimized infrastructure use |
| Lower Energy Costs | Long-term savings for industries |
| Reduced Carbon Emissions | Supports sustainability goals |
For industrial consumers such as GACL, hybrid projects provide greater reliability compared to standalone renewable installations.
GACL is one of India's leading chemical manufacturing companies and a major player in the chlor-alkali industry.
Its operations require significant electricity consumption for the production of:
The adoption of renewable energy is expected to help GACL:
| Strategic Benefit | Expected Outcome |
|---|---|
| Lower Carbon Footprint | Reduced emissions |
| Energy Cost Optimization | Long-term cost savings |
| Sustainability Compliance | Improved ESG performance |
| Energy Security | Stable power availability |
| Net-Zero Progress | Supports climate commitments |
The project reinforces GACL's commitment toward responsible manufacturing and environmental sustainability.
CleanMax has established itself as one of India's leading renewable energy solutions providers focused on commercial and industrial consumers.
As of March 31, 2026, the company reported approximately 844 MW of operational renewable energy capacity in Gujarat alone.
| Parameter | Value |
|---|---|
| Operational Capacity in Gujarat | 844 MW |
| Latest Hybrid Project | 160.24 MW |
| Project Type | Group Captive Renewable Energy |
| Focus Area | Commercial & Industrial Renewable Solutions |
The latest agreement further strengthens CleanMax's position in the rapidly growing corporate renewable energy market.
Gujarat continues to attract major renewable energy investments due to its favorable policy framework and natural resource advantages.
| Factor | Advantage |
|---|---|
| Strong Solar Irradiation | High solar power generation |
| Favorable Wind Conditions | Strong wind energy potential |
| Industrial Base | Large corporate demand |
| Open Access Policies | Easier renewable adoption |
| Infrastructure Availability | Faster project execution |
The state has become one of India's most attractive destinations for renewable energy developers and industrial consumers seeking green energy solutions.
Industrial decarbonization has become a key theme across global manufacturing sectors.
Companies are increasingly adopting renewable energy because of:
The CleanMax-GACL project reflects this broader shift toward sustainable industrial operations.
India's renewable energy industry continues to witness strong growth driven by:
| Growth Driver | Impact |
|---|---|
| Corporate Sustainability Goals | High |
| Government Renewable Targets | High |
| Falling Renewable Costs | Positive |
| Net-Zero Commitments | Strong Demand |
| Green Financing Availability | Accelerating Adoption |
Large-scale industrial renewable projects are expected to remain a major growth segment over the coming decade.
According to GACL leadership, sustainability remains a central pillar of the company's long-term business strategy. The integration of hybrid renewable energy is expected to improve energy reliability while reducing the environmental impact of manufacturing operations.
CleanMax management highlighted that the partnership demonstrates how large industrial companies can successfully transition toward renewable energy at scale. The company also reiterated Gujarat's importance as a key market due to its industrial ecosystem and renewable resource potential.
The announcement highlights several important industry trends:
| Theme | Investor Significance |
|---|---|
| Renewable Energy Growth | Positive |
| Industrial Decarbonization | Long-Term Opportunity |
| ESG Investments | Increasing Demand |
| Corporate Renewable Adoption | Expanding Market |
| Green Infrastructure | Strong Growth Potential |
The deal further reinforces the growing role of renewable energy providers in helping industrial companies achieve sustainability targets while maintaining operational efficiency.
CleanMax's partnership with Gujarat Alkalies and Chemicals Limited to develop a 160.24 MW hybrid renewable energy project marks one of the most significant industrial renewable energy announcements of 2026. Combining 75.90 MW of wind power and 84.34 MWp of solar capacity, the project represents CleanMax's largest group captive deal and highlights the accelerating shift toward industrial decarbonization in India. With Gujarat emerging as a leading renewable energy hub and corporations increasingly pursuing net-zero goals, projects of this scale are expected to play a critical role in shaping India's clean energy future.
The project has a total hybrid renewable energy capacity of 160.24 MW, comprising 75.90 MW of wind power and 84.34 MWp of solar power.
This is CleanMax's largest group captive renewable energy deal to date and further strengthens its position in India's industrial renewable energy market.
GACL will benefit through lower carbon emissions, improved energy reliability, long-term cost savings, and progress toward its sustainability goals.
Hybrid projects combine wind and solar power generation, providing more consistent energy output, better reliability, and improved economics for industrial users.
Gujarat offers strong solar and wind resources, favorable government policies, excellent infrastructure, and significant industrial demand, making it a leading renewable energy investment destination.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. welomoney does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
Kotak Mahindra Bank Q1 FY27 results: Standalone net profit rises 26% YoY to ₹4,123 crore, NII grows 9%, advances increase 15%, deposits rise 12%,...
Airfloa Rail Technology wins a ₹85.07 lakh order from Integral Coach Factory to supply and install seven EN-45545-2 HL3 compliant FRP modular toilets...
Yes Bank Q1 FY27 results: Net profit rises 34% to ₹1,071 crore, NII grows 17.5%, NIM improves to 2.
Defence and aerospace stocks where FIIs increased their stake in Q1 FY27, including IdeaForge, Paras Defence, Astra Microwave, Avantel and Krishna...
VST Tillers plans to invest over ₹160 crore in AI, electric farm equipment, a Global Technology Centre and global expansion while launching up to 20...
