Industrial, Solar, Wind - August 8, 2022
BASF Enters Into VPPAs
BASF entered into VPPAs for wind and solar power totaling 250 MW that are designed to offset the carbon-intensive grid-supplied electricity being used at more than 20 of BASF’s manufacturing sites in several states across the U.S. from Texas to Michigan.
The combined agreements for the output of 250 MW of renewable generation capacity will result in the purchase of more than 660,000 MW of electricity per year – the equivalent of electricity consumed by more than 90,000 average U.S. households.
Based on EPA estimates, the VPPAs will offset more than 472,500 metric tons of CO2 emissions annually. With these agreements in place, the share of renewable energy in BASF’s total North American electricity consumption will rise to more than 25%.
“Renewable energy is an essential tool to reach BASF’s ambitious goal of net zero emissions by 2050,” said Michael Heinz, CEO of BASF Corporation in a statement. “We are committed to further improving our energy footprint in the region and we are eager to drive the energy transition for chemical manufacturing in North America.”
BASF is collaborating with various partners and will purchase 100 MW of power generated by Dawn Solar and 150 MW of renewable energy capacity will be added through transactions with EDF Energy Services.
BASF aims to reduce its GHG emissions by 25% compared with 2018 by 2030 and achieve net-zero emissions by 2050.