BASF and Mingyang have agreed to jointly build and operate an offshore wind farm in South China and have, therefore, formed a joint venture named Mingyang BASF New Energy (Zhanjiang) Co., Ltd. The shares will be distributed with 90% held by Mingyang and 10% by BASF. The wind farm, located in Zhanjiang Municipality, Guangdong province, is set to have a total installed capacity of 500 megawatts. Subject to construction approval from the relevant authorities, the wind farm is expected to be fully operational in 2025. The majority of the power generated will be used to supply renewable electricity to BASF’s Zhanjiang Verbund site.
This is the first Sino-German offshore wind farm project involving development, construction and operation. It marks a key milestone as BASF aims to power its Zhanjiang Verbund site entirely with green energy upon initiation, creating a a role model for sustainable and smart produciton.
The wind farm project not only addresses the renewable electricity needs of BASF’s Zhanjiang Verbund site but also fosters innovation. Leveraging BASF’s cutting-edge materials and Mingyang’s expertise in renewable energy development, the collaboration will drive advancements in safer and more cost-effective wind power technologies.
The Zhanjiang Verbund site will be BASF’s largest investment, with up to €10 billion upon completion. Operating under BASF’s sole responsibility, it will become the company’s third-largest Verbund site worldwide, following Ludwigshafen, Germany, and Antwerp, Belgium.
Photo: Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE (left side) and Shen Zhongmin, Co-Chairman of the Board of Mingyang Group. © BASF