Partnership Overview

Clean Max Enviro Energy Solutions Limited (CleanMax) has entered into a partnership with Gujarat Alkalies and Chemicals Limited (GACL) to supply hybrid renewable energy for GACL's manufacturing operations in Gujarat. The partnership involves a group captive structure where 100% of the power generated will be utilized by GACL for its Dahej and Vadodara manufacturing units.

Project Specifications

  • Total Capacity: 160.24 MW hybrid renewable energy project
  • Wind Capacity: 75.90 MW
  • Solar Capacity: 84.34 MWp
  • Project Locations: Four renewable energy sites in Gujarat
  • Kalikanagar
  • Aji Dahisarda
  • Rajula
  • Ghuntu

Project Phasing

  • Phase 1: 38.201 MW total capacity
  • Wind: 16.50 MW
  • Solar: 21.701 MWp
  • Phase 2: 122.04 MW total capacity
  • Wind: 59.40 MW
  • Solar: 62.64 MWp
  • Both phases will be commissioned according to contractual timelines agreed between CleanMax and GACL

Environmental Impact

  • Annual Power Generation: Approximately 36.9 crore units of clean power
  • CO₂ Emission Reduction: Approximately 264,204 tons per year
  • Environmental Equivalent: Equivalent to planting nearly 15.27 million trees annually

Strategic Context

GACL is one of India's leading chlor-alkali companies with manufacturing facilities in Vadodara and Dahej. Chlor-alkali manufacturing is highly energy-intensive, making renewable energy integration critical for reducing emissions while maintaining reliable operations. The company has enhanced its caustic soda capacity from 37,425 TPA to 852,400 TPA across four manufacturing complexes.

CleanMax Operational Capacity

As of March 31, 2026, CleanMax has approximately 844 MW of operational renewable energy capacity in Gujarat. The company's total contracted renewable energy portfolio reached 5.7 GW in FY 2025-26, with 74% of new contracted capacity driven by existing customers.

Customer Base and Business Focus

CleanMax serves 588 customers across various sectors:

  • Technology
  • Digital infrastructure
  • Manufacturing
  • Industrial sectors
  • Data Centres & AI infrastructure customers contribute 42% of contracted RE Power Sales portfolio

Notable clients include Apple, Amazon, Meta, Cisco, Equinix, BASF, Shell, CEAT, and ST Telemedia Global Data Centres.

Credit Rating Update

In May 2026, CARE Ratings upgraded CleanMax's credit rating to CARE AA-/Stable, reflecting the company's robust performance, expanding portfolio, and improved financial outcome.

Management Commentary

Avantika Singh, IAS (GACL): "At GACL, sustainability is a central pillar of our long-term growth strategy. We are committed to adopting responsible and environmentally conscious practices across our operations. Our partnership with CleanMax enables us to integrate hybrid renewable energy into our power mix, strengthening energy reliability while advancing our commitment to reducing environmental impact."

Kuldeep Jain, Founder and Managing Director, CleanMax: "Our partnership with GACL demonstrates how large manufacturing companies can transition to renewable energy at scale while maintaining operational reliability. This marks the single largest group captive deal for CleanMax. Gujarat remains a key market given its strong industrial base and favorable renewable energy resources."

Benefits for GACL

Beyond sustainability, renewable energy improves cost competitiveness through price visibility and long-term savings. The adoption of renewable energy forms a key part of GACL's strategy to align environmental responsibility with operational efficiency.

Market Context

Favorable open-access policies and strong solar and wind resources in Gujarat have enabled industries in the state to increasingly integrate renewable power into their operations. CleanMax has established a strong presence in Gujarat to support large-scale industrial decarbonisation efforts.