BASF flags $324 million Q1 impact from wind project sale
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
BASF reports a $324 million impact from selling its stake in German North Sea wind projects to Vattenfall, securing renewable energy supply.
(Reuters) - BASF on Tuesday flagged a non-cash effective disposal loss of around 300 million euro ($324 million) for its first quarter earnings, following the sale of its stake in two wind farm projects in the German North Sea to Sweden's Vattenfall.
The German chemicals group said it agreed to sell back its 49% stake in the Nordlicht cluster, Nordlicht 1 and 2, securing a long-term renewable electricity supply from the Swedish power utility as part of the deal.
($1 = 0.9259 euros)
(Reporting by Marleen Kaesebier in Gdansk; Editing by Riham Alkousaa)
The article discusses BASF's financial impact from selling its stake in wind projects in the German North Sea to Vattenfall.
BASF reports a non-cash effective disposal loss of around 300 million euros ($324 million) for Q1.
Sweden's Vattenfall acquired BASF's 49% stake in the Nordlicht cluster wind projects.
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