- BASF ( OTCQX:BASFY ) and X-ELIO have signed a 12-year power purchase agreement (or PPA) to supply 48 megawatts of solar power to BASF’s Verbund site in Freeport, Texas.
- With this agreement in place, 100% of the site’s expected purchased power will be supplied from renewable energy.
- This agreement is fully aligned with X-ELIO’s strategy to support all sectors on their path to a net-zero way of doing business as well as BASF’s climate protection goals.
- Bill Morrow, Country Manager of X-ELIO in the U.S. highlighted: “This agreement is a major milestone in the development of renewable and sustainable energy for the industrial supply, one of the major objectives to achieve the necessary energy transition goals. X-ELIO is a great partner committed to the sustainability needs of its customers and it is an honor for us to be able to collaborate with exceptional partners like BASF.”
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BASF and X-ELIO sign power purchase agreement to supply renewable energy to Freeport