March 24, 2025 [Storage Terminals Magazine]- Osaka Gas Co., Ltd. president and CEO: Masataka Fujiwara has announced its entry into India’s renewable energy sector through a partnership with Clean Max Enviro Energy Solutions Pvt. Ltd., a leading supplier of renewable energy solutions to the commercial and industrial sector in India. This initiative marks the Daigas Group’s first venture into India’s renewable energy market, reinforcing its commitment to sustainable energy expansion and decarbonisation.

India’s Growing Renewable Energy Market
India’s rapid economic growth has led to a significant rise in long-term power demand. With abundant solar irradiation and favourable wind conditions, the Indian government has set an ambitious target of 500 GW of renewable energy capacity by 2030. To achieve this goal, comprehensive support measures have been introduced to encourage investment and innovation in the renewable energy sector.

By partnering with Clean Max, Osaka Gas aims to leverage its experience in energy infrastructure and expand its presence in India’s evolving energy landscape. This collaboration builds on the Daigas Group’s existing City Gas Distribution business in India and aligns with its strategy to support economic growth while advancing decarbonisation efforts.

Joint Business Structure
Osaka Gas and Clean Max will jointly develop and operate renewable energy projects in India through a newly established framework:

Formation of a Japanese Consortium – Osaka Gas Singapore, a wholly owned subsidiary of Osaka Gas, will partner with the Japan Bank for International Cooperation (JBIC) to establish a Japanese investment consortium.
Creation of Clean Max Osaka Gas Renewable Energy Pvt. Ltd. (CORE) – Osaka Gas, through the consortium, will establish a joint venture company with Clean Max, to which selected renewable energy projects owned by Clean Max will be transferred.
Development of 400MW of Renewable Energy Assets – CORE will develop new renewable energy projects, with a target of owning approximately 400 MW of renewable assets within the next three years.

Power Supply to C&I Customers via Corporate PPAs – Through direct Corporate Power Purchase Agreements (PPAs), CORE will supply renewable energy to commercial and industrial customers via the power grid, supporting their decarbonization goals.

Osaka Gas’ Role and Future Expansion
Osaka Gas will leverage its expertise in energy infrastructure development and operations to support CORE’s success, particularly in areas such as Corporate PPA customer acquisitions. Additionally, the company plans to explore further collaboration with Clean Max beyond this initial venture, including potential projects in green hydrogen, e-methane, and other emerging energy solutions.

In its Medium-Term Management Plan 2026: “Connecting Ambitious Dreams (Plan 2026),” the Daigas Group reaffirmed its commitment to accelerating business expansion in the Asian market through renewable energy projects and energy infrastructure developments. This initiative aligns with the Group’s broader mission to support Asia’s economic development while advancing its decarbonisation goals.

With this strategic partnership, Osaka Gas takes a significant step in its global renewable energy expansion, positioning itself as a key player in India’s clean energy transformation.

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