BASF and X-ELIO announced they have signed a 12-year PPA to supply 48 MW 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.
Freeport is one of BASF’s six global Verbund sites, which takes an integrated approach to manufacturing, research and the overall management philosophy. Together with the maximum integration of infrastructure, processes, talent, energy and waste management, this philosophy creates a highly efficient manufacturing site.
“With this agreement, we take a big step forward, reaching 100% of the site’s purchased power to be supplied from renewable energy,” said Brad Morrison, senior VP and site manager for the BASF site in Freeport. “Securing renewable energy at our Freeport site is a necessary step to improving our energy footprint and we appreciate the partnership with X-ELIO, which helps us realize the company’s goal of net-zero emissions by 2050.”
X-ELIO’s 72-MW Liberty Solar Photovoltaic project located in Houston, expected to be operational by 2024, will generate 137 GWh of clean energy per year while delivering more than $130 million in capital investment in the state and creating up to 125 construction jobs. The project will also include a 60-MW energy storage system.
“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,” said Bill Morrow, Country Manager of X-ELIO in the U.S. “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.”
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. BASF aims to reduce its greenhouse gas emissions by 25% by the year 2030 compared with 2018 and to achieve net-zero emissions by 2050.
News item from X-ELIO
