Wind Energy – Shares Nordlicht
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.
