News & Events

ENGIE and BASF have signed a 25-year Power Purchase Agreement (PPA) for renewable energy in Europe. Under the PPA, effective as of January 1, 2022, ENGIE will provide BASF with up to 20.7 terawatt hours of renewable electricity in total throughout the term of the agreement. 

BASF is bundling its activities in renewable energies under the umbrella of BASF Renewable Energy GmbH as of January 1, 2022. The wholly owned subsidiary’s business activities will focus on supplying the BASF Group in Europe with electricity from renewable energies, electricity trading activities in Europe and global consulting for BASF and its Group companies in the field of renewable energies. The company is based in Ludwigshafen and will be managed by Horatio Evers, who was previously responsible for the development of renewable energies at BASF SE.

With a new project organization, BASF is bundling and accelerating its extensive cross-company activities to reduce its CO₂ emissions by 25 percent by 2030 compared with 2018 and become climate neutral by 2050. The unit, called “Net Zero Accelerator”, focuses on implementing and accelerating projects relating to low-CO₂ production technologies, circular economy and renewable energies. “With the new project organization, we are continuing to accelerate and create more powerful structures within BASF to achieve our ambitious goals,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE. “This further step demonstrates the determination to drive forward our transformation to a climate-neutral company.”