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    BAS   DE000BASF111

BASF SE

(BAS)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/26 11:41:34 am
67.37 EUR   +3.12%
09:06aBASF : and Innospec collaborate to bring increased value to ethanol producers
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08:06aBASF : expands production capacity for feed enzymes
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05:29aBASF SE : Morgan Stanley sticks Neutral
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BASF, Engie Sign Power Purchase Agreement for Renewable Energy in Europe

11/29/2021 | 04:41am EST

By Giulia Petroni

BASF SE said Monday that it has signed a long-term power purchase agreement for renewable energy in Europe with French utility Engie SA.

The German chemicals company said that Engie will supply up to 20.7 terawatt hours of renewable electricity to multiple BASF's sites over a 25-year term. The PPA is effective as of Jan. 1.

The supplied electricity will initially come from onshore wind farms across Spain where Engie is an equity investor or energy manager, according to BASF. Further on, the French company will deliver power either from existing Spanish assets or future onshore and offshore wind farms.

Financial details of the deal weren't disclosed.

Last week, BASF announced the creation of a new subsidiary for renewable-energy activities called BASF Renewable Energy GmbH starting January.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

11-29-21 0441ET

Stocks mentioned in the article
ChangeLast1st jan.
BASF SE 2.95% 67.28 Delayed Quote.5.75%
ENGIE 1.86% 13.374 Real-time Quote.0.89%
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Analyst Recommendations on BASF SE
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Financials
Sales 2021 77 172 M 87 011 M 87 011 M
Net income 2021 5 583 M 6 295 M 6 295 M
Net Debt 2021 14 384 M 16 218 M 16 218 M
P/E ratio 2021 10,7x
Yield 2021 5,20%
Capitalization 59 902 M 67 571 M 67 539 M
EV / Sales 2021 0,96x
EV / Sales 2022 0,97x
Nbr of Employees 110 672
Free-Float -
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Technical analysis trends BASF SE
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 65,33 €
Average target price 78,47 €
Spread / Average Target 20,1%
EPS Revisions
Managers and Directors
Martin BrudermŘller Chairman-Executive Board
Hans-Ulrich Engel Chief Financial Officer
Kurt Wilhelm Bock Chairman-Supervisory Board
Melanie Maas-Brunner Chief Technology Officer
Anke Schńferkordt Independent Member-Supervisory Board
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