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Business & Financial News
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April 25, 2024
BASF with solid start to the year: EBITDA before special items in first quarter of 2024 slightly above analysts’ consensus
BASF got off to a solid start in 2024. The company today presented figures for the first quarter of 2024, on the day of the Annual Shareholders’ Meeting held in the Congress Center Rosengarten in Mannheim, Germany. For this event, BASF expects a similar attendance as in 2023 with around 5,000 shareholders and shareholder representatives.
Business & Financial News
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April 22, 2024
Joint News Release:
Vattenfall and BASF sign purchase agreement for 49 percent of Germany’s Nordlicht offshore wind farms
Vattenfall and BASF have agreed on the sale of 49 percent of Vattenfall’s Nordlicht 1 and 2 wind farms to BASF. The Nordlicht wind project is being built in the German North Sea without state subsidies and, with a total installed capacity of 1.6 gigawatts, will be the largest offshore wind farm project in realization for Vattenfall to date. Vattenfall is responsible for developing and constructing the Nordlicht sites and intends to use its share of future electricity generation to supply customers in Germany with fossil-free electricity. BASF will use its 49 percent share of electricity to supply its chemical production sites in Europe, especially in Ludwigshafen.