Chemical manufacturer Gujarat Alkalies and Chemicals (GACL) has signed share purchase and shareholders’ agreements with Fourth Partner Energy and its special purpose vehicle, FPEL Bhanu, to develop a 39.05 MW captive wind-solar hybrid power project in Gujarat.

The project will have a wind power capacity of 19.8 MW and a solar capacity of 19.25 MW.

GACL will acquire a 26% stake in FPEL Bhanu, while Fourth Partner Energy will hold the remaining 74% stake.

GACL and Fourth Partner Energy will make further equity investments in FPEL Bhanu time to time to establish the captive wind-solar hybrid project.

The renewable power from the hybrid project will be used entirely for captive consumption.

According to its Annual Report 2024-2025, GACL has an installed renewable energy capacity of 208.07 MW, comprising 171.45 MW of wind and 36.62 MW of solar.

In 2025, GACL announced plans to develop additional captive wind-solar hybrid projects in partnership with private developers and Gujarat Mineral Development Corporation.

The company partnered with Gujarat Industries Power Company and Gujarat State Fertilizers & Chemicals (GSFC) to develop a 75 MW group-captive solar project. The project was commissioned in two phases of 25 MW and 50 MW in 2025.GACL and GSFC share the power generated from the project equally for captive consumption.

In June, GACL partnered with Clean Max Enviro Energy Solutions to source hybrid renewable power from a 75.90 MW wind and 84.34 MW solar project in Gujarat. The power would be supplied to GACL’s manufacturing units in Dahej and Vadodara under the group captive structure.

Solar-wind-battery hybrid systems can meet up to 90% of industrial electricity demand, offering commercial and industrial (C&I) consumers reliable renewable power and lower electricity costs.

Mercom India organizes C&I Clean Energy Meets across India to promote renewable energy adoption among businesses and connect commercial and industrial consumers directly with leading solar energy suppliers. The next event in the series will be held in Pune on November 27, 2026.