BASF is streamlining its renewable energy portfolio by selling its 49 percent equity share in the Nordlicht 1 and 2 wind farms back to Vattenfall. The decision aligns with the company’s strategy to match green power supply with demand across its operations.

As part of the transaction, BASF secured long-term access to renewable electricity from Vattenfall to support its chemical production in Europe. The move comes at a time when additional power will be needed to meet growing operational and sustainability targets.

The transaction supports BASF’s capital allocation priorities under its “Winning Ways” strategy, launched in the third quarter of 2024. The sale will result in a non-cash effective disposal loss of approximately €300 million in the company’s first-quarter 2025 Group earnings.

BASF reaffirmed its commitment to reducing carbon emissions. In 2024, renewable electricity accounted for 26 percent of BASF’s total consumption, up from 20 percent in 2023. The company continues to invest in power purchase agreements and direct renewable energy projects to support long-term CO₂ reduction goals.

Learn more at www.basf.com.