Vattenfall and BASF are in unique discussions to associate on the Nordlicht 1 and a couple of offshore wind farms in Germany by a sale of 49 per cent of the mission shares to BASF. To formally specific their joint ambition, the 2 corporations have signed a Memorandum of Understanding (MoU).
The signing of the transaction is anticipated within the first half of 2024.
“Along with our long-standing associate Vattenfall, we wish this mission to be one other milestone in securing adequate renewable electrical energy for BASF in Europe, in Germany, and Ludwigshafen, our largest manufacturing web site worldwide. With the electrical energy from Nordlicht 1 and a couple of, we are able to drive ahead our transformation and additional scale back our CO2 emissions,” stated Martin Brudermüller, CEO of BASF.
Vattenfall will use its share of the fossil-free electrical energy to produce its German prospects whereas BASF will obtain virtually half of the produced electrical energy and provide its chemical manufacturing websites throughout Europe, specifically Ludwigshafen.
The primary Northern Mild mission, the 980 MW Nordlicht 2, will likely be constructed on the N-7.2 offshore wind web site, for which Vattenfall had the appropriate of entry and exercised the appropriate after RWE received the tender.
The 630 MW Nordlicht 2 will likely be constructed within the N-6.6 space, positioned round 85 kilometres north of Borkum Island. Vattenfall additionally had the appropriate of entry to this web site and exercised the appropriate after RWE received the tender.
With a complete put in capability of 1,610 MW, the 2 Nordlicht offshore wind farms will have the ability to produce sufficient electrical energy to fulfill the annual necessities of greater than 1.6 million common German households.
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Pending a ultimate funding choice, which is anticipated in 2025, development of Nordlicht 1 and a couple of is deliberate to start out in 2026 whereas the wind farms are anticipated to be absolutely operational in 2028.
“Wind vitality is essential to allow the fossil freedom that drives society ahead. And a detailed collaboration with industries is simply as essential for accelerating the vitality transition,” stated Anna Borg, CEO of Vattenfall.
That is the second time BASF plans to accumulate a stake in one in every of Vattenfall’s offshore wind farms. In 2021, the corporate purchased a share of the not too long ago inaugurated Hollandse Kust Zuid offshore wind farm within the Netherlands.
By way of its possession, BASF receives 49.5 per cent of the electrical energy from this 1.5 GW offshore wind farm.
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