Germany’s BASF has entered into virtual power purchase agreements (VPPAs) for 250 MW wind and solar power. It aims to offset the carbon-intensive, grid-supplied electricity it uses at more than 20 of its manufacturing sites in several US states.
The chemical giant will purchase 100 MW of power generated by Dawn Solar. An additional 150 MW of renewable energy capacity will be added through transactions with EDF Energy Services.Previously, BASF had signed several PPAs with EDF to power some of its facilities with solar and wind, including one where it had acquired New Jersey’s largest solar project and the largest PV project ever built on a superfund site in the United States.
With the new agreements in place, the share of renewable energy in BASF’s total North American electricity consumption will rise to more than 25%. The company’s goal is to reduce its greenhouse gas emissions by 25% compared with 2018 by 2030 and achieve net-zero emissions by 2050.
“These agreements help us reach our clean energy goals in areas where the local electric utility does not supply adequate renewable power,” said Tobias Dratt, president of BASF North America. “At the same time, our financial commitment enables the realization of large solar and wind power projects and adds clean energy to the grid.”
BASF has been stepping up its game in line with its decarbonization plans. Last year, it announced a deal though which it acquired a 49.5% stake in Vattenfall’s 1.5GW Hollandse Kust Zuid offshore wind farm in the Netherlands. In July, together with Germany-based storage specialist Man Energy, BASF unveiled a plan to build a 120 MW, high-temperature heat pump for steam production from renewable energy at its Ludwigshafen site in Germany. pv magazine - link - Marija Maisch - link - more like this (Germany) - link - more like this (PPA) - link - more like this (USA) - link
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