BASF has signed 25-year power purchase agreements (PPAs) with Engie and Ørsted for the supply of significant amounts of renewable electricity from wind and solar power in Europe. In the United States, BASF has concluded long-term supply contracts for wind and solar power for its Freeport and Pasadena sites. In China, BASF has signed agreements with suppliers for the purchase of renewable power for its new Verbund site in Zhanjiang. BASF is further accelerating its plan to power the entire Zhanjiang Verbund site with renewable electricity and targets to achieve 100 percent by 2025—earlier than originally planned, according to the company. Martin Brudermüller, Ph.D., chairman of the board of executive directors of BASF SE, said, "There is a brutal war raging in Europe with far-reaching consequences for both people and the economy. Nevertheless, we must not lose sight of the greatest global challenge of our time—climate change.