Engie and BASF have signed a 25-year Power Purchase Agreement (PPA) for renewable energy in Europe. Under the PPA, effective as of January 1, 2022, Engie will provide BASF with up to 20.7 terawatt hours of renewable electricity in total throughout the term of the agreement.
Multiple European BASF sites will be supplied from Engie’s renewable project portfolio in Europe. The electricity will initially come from onshore wind farms located in various sites throughout the Spanish territory in which Engie acts as equity investor or energy manager. In the further course, Engie will have the option to either deliver power from existing Spanish assets or from future onshore and offshore wind farms.