BASF sells share in Nordlicht wind farms back to Vattenfall and secures access to long-term supply of renewable electricity

To align the company’s green power supply and demand, BASF is streamlining its current portfolio of renewable power projects. Accordingly, BASF has decided to sell its 49 percent equity share in the Nordlicht 1 and 2 wind farms back to Vattenfall. In parallel, BASF continues the collaboration with Vattenfall by securing a long-term supply of renewable power for BASF’s chemical production in Europe – at a time when such additional supply will be needed.

The transaction reflects BASF’s disciplined approach to capital allocation as part of its “Winning Ways” strategy that was launched in Q3 2024; it results in a non-cash effective disposal loss of around €300 million in BASF’s Group earnings in the first quarter of 2025.

BASF remains committed to its CO₂ reduction targets. In 2024, electricity from renewable sources as a share of BASF’s total electricity consumption rose further to 26 percent (2023: 20 percent). The company will continue to reduce its emissions, for example based on power purchase agreements and direct investments.

About BASF

At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of €65.3 billion in 2024. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.
  

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