Vattenfall and BASF have superior discussions to accomplice on Nordlicht 1 and a couple of by way of a 49% sale of the mission’s shares to BASF.
Each events signed a MOU to formally categorical their joint intention. Vattenfall will use its electrical energy share to produce its German clients. BASF will obtain nearly half of the produced electrical energy and intends to produce its chemical manufacturing websites throughout Europe, significantly Ludwigshafen.
The Nordlicht wind park zone is positioned 85 km north of Borkum Island within the German North Sea and consists of Nordlicht 1, with a 980 MW capability, and Nordlicht 2, with 630 MW. Vattenfall develops and constructs the Nordlicht websites.
As soon as absolutely operational, their mixed manufacturing is predicted to be round 6 TWh per yr, equal to the electrical energy consumption of 1.6 million German households, says Vattenfall.
Transaction signing is predicted within the first half of subsequent yr. Pending a closing funding determination, anticipated in 2025, building of Nordlicht 1 and a couple of will begin in 2026. The wind farms are anticipated to be absolutely operational in 2028.
“Along with our long-standing accomplice Vattenfall, we would like this mission to be one other milestone in securing enough renewable electrical energy for BASF in Europe, in Germany and Ludwigshafen, our largest manufacturing web site worldwide,” says Martin Brudermüller, CEO of BASF. “With the electrical energy from Nordlicht 1 and a couple of, we will drive ahead our transformation and additional scale back our CO2 emissions.”
“An in depth collaboration with industries is simply as essential for accelerating the power transition,” provides Anna Borg, CEO of Vattenfall. “I’m proud that Nordlicht 1 and a couple of will present German clients with fossil-free electrical energy in addition to contribute to the decarbonization of business in Europe. BASF is a powerful accomplice with formidable sustainability objectives, and we look ahead to increasing our partnership with them.”
It’s the second time BASF plans to amass a stake in one among Vattenfall’s offshore wind farms. In 2021, BASF purchased a share of the just lately inaugurated Hollandse Kust Zuid wind farm in Netherlands. By way of its possession, BASF receives 49.5% of the electrical energy from this 1.5 GW offshore wind farm.
