BASF enters long-term agreement to secure renewable energy certificates, supporting Scope 2 emissions reduction at U.S. sites

• BASF reaches agreement with BP Energy Retail Company and Swift Current Energy to secure Renewable Energy Certificates associated with 47 MW of wind energy capacity
• The agreement marks significant progress toward meeting customer demand for low-carbon footprint products

HOUSTON, TX, January 22, 2026 – BASF has signed a 15-year agreement with BP Energy Retail Company to acquire Renewable Energy Certificates (RECs). These certificates are linked to approximately 47 megawatts (MW) of annual capacity from Swift Current Energy’s Castle Gap Wind project in Central Texas. By securing RECs, BASF can offset carbon-intensive, grid-supplied electricity attributed to multiple U.S. locations, helping to reduce emissions in its value chain.

“This long-term agreement marks a significant step toward meeting our customers’ growing demand for products with a reduced carbon footprint,” said Heather Remley, President & CEO of BASF Corporation. “This is a clear demonstration of how we are advancing our ambition to be the preferred partner in supporting our customers’ green transformation.”

The energy output anticipated from the 47 MW from Castle Gap would help offset more than 98,000 metric tons of CO₂ equivalent and is expected to be more than 147,000 megawatt hours (MWh) of electricity per year – the same amount of electricity used by more than 20,500 U.S. households on average, according to EPA estimates[1].

“Securing long-term virtual power purchase agreements is a powerful tool in our strategy to reduce Scope 2[2] emissions,” said Matthias Lang, Managing Director, BASF Renewables GmbH. “This approach allows us to make meaningful progress toward our sustainability goals while supporting the broader transition to a low-carbon energy system.”

The contract is associated with Swift Current Energy’s Castle Gap Wind project, a 197 MW energy facility located in central Texas. 

“Swift Current Energy is delighted to add BASF as a long-term partner for Castle Gap Wind,” said Eric Lammers, CEO and Co-Founder, Swift Current Energy. “This transaction demonstrates our commitment to maximizing value across our operating portfolio. We energized this facility in 2023, and it continues to be a strong asset, producing reliable energy for the Texas grid.”

This agreement aligns with BASF’s climate protection goals. BASF aims to reduce its greenhouse gas emissions by 25% by the year 2030 compared with 2018 and aspires to achieve net-zero emissions by 2050.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 16,000 employees in North America and had sales of $19.7 billion in 2024. For more information about BASF’s North American operations, visit www.basf.com/us.

At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. 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, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of €65.3 billion in 2024. 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.

[1] Source: Greenhouse Gas Equivalencies Calculator | US EPA - CO₂ reduction calculation utilizing a national average avoided emissions rate.

[2] Scope 2 relates to indirect CO₂ emissions produced by our suppliers in generating energy that we then purchase for our production.