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Vattenfall brings BASF into 1.6GW Nordlicht pair

RICHARD HEAP

April 23, 2024

Swedish utility Vattenfall has sold 49% stakes in its 1.6GW Nordlicht 1 and 2 offshore wind projects to German chemicals group BASF.

Vattenfall is developing the Nordlicht pair in the German North Sea and is due to take final investment decisions on them in 2025. Commissioning is due in 2028. BASF is set to use electricity from the projects for its operations in Europe, particularly Germany.

Anna Borg, president and chief executive at Vattenfall, said: “Offshore wind energy is an essential contributor to the energy transition in Europe and is expected to replace fossil fuels on a large scale. Partnerships play a crucial role in transforming European industries, while strengthening competitiveness.”

Martin Brudermüller, chairman of the board of executive directors at BASF, said: “With the investment in Nordlicht 1 and 2, we will now have the necessary amounts of renewable energy to implement the next steps of the transformation in Europe and especially at our largest site in Ludwigshafen.”

Nordlicht is the second major offshore wind project where BASF is participating as a partner, following its deal with Vattenfall in 2021 for a 49.5% stake in the 1.5GW Hollandse Kust Zuid offshore wind farm in the Dutch North Sea.

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