BASF and Mingyang’s co-developed offshore wind farm obtained Project Approval

Zhanjiang, China – The offshore wind farm jointly developed by BASF and Mingyang recently obtained the Project Approval from the authority in China. Located in Zhanjiang Municipality of Guangdong province and developed by the joint venture Mingyang BASF New Energy (Zhanjiang) Co., Ltd. (Mingyang: 90%, BASF: 10%), the offshore wind farm plans a total installed capacity of 500 megawatts and is scheduled to be operational by 2025. The majority of the power generated from the wind farm will supply renewable electricity to the BASF Zhanjiang Verbund site.

With this Approval, Mingyang BASF New Energy (Zhanjiang) Co., Ltd. will continue to advance the development, construction, and operation of this wind farm, and contribute to the green transformation in the chemical industry and carbon reduction ambition in China.

BASF is dedicated to building its Zhanjiang Verbund site as a lighthouse project of sustainable development in the global chemical industry. The Zhanjiang Verbund site project will be BASF’s largest investment to date with around €10 billion upon completion. It will be operated under the sole responsibility of BASF and will be the company’s third-largest Verbund site worldwide, following Ludwigshafen, Germany, and Antwerp, Belgium.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €68.9 billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.