Hygenco India strikes green hydrogen off-take deal with Jindal Stainless
Aug 17, 2022 15:56 CESTAugust 3 (Renewables Now) - German chemicals giant BASF SE (ETR:BAS) has struck contracts for the off-take of wind and solar power from 250 MW of total capacity in the US, it announced on Wednesday.
The company has entered into virtual power purchase agreements (VPPAs) to secure the supply for more than 20 manufacturing sites in several states across the country, from Texas to Michigan. In all, BASF will buy over 660,000 MWh of electricity per year, which, based on EPA estimates, will offset more than 472,500 metric tonnes of carbon dioxide (CO2) emissions annually.
Subscribe for Renewables Now's Corporate PPA Newsletter here for free!
BASF will purchase 100 MW from Dawn Solar and an additional 150 MW through transactions with EDF Energy Services, it said.
“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.
BASF’s goal is to cut its greenhouse gas emissions by 25% this decade compared with 2018 levels and ultimately achieve net-zero emissions by 2050. The latest VPPAs will raise the company’s renewable power share in North America above 25%.
Hygenco India strikes green hydrogen off-take deal with Jindal Stainless
Aug 17, 2022 15:56 CESTNickel Industries signs term sheet for 200-MWp solar project in Indonesia
Aug 17, 2022 14:44 CESTEngie, Orica, Mars among Lightsource bp's off-takers for 490 MW of Aussie solar
Aug 16, 2022 11:35 CESTPorsche Cars North America to install solar at Georgia HQ
Aug 15, 2022 16:32 CESTGreenko agrees RTC power supply to aluminium producer Hindalco
Aug 11, 2022 16:06 CESTApple to procure power from Windlab's 600-MW wind project in Queensland
Aug 11, 2022 9:37 CEST