MoU signed for offshore wind farms Nordlicht 1 and 2 in Germany

Vattenfall and BASF have finalized a partnership agreement concerning German offshore wind farms Nordlicht 1 and 2.

The agreed collaboration involves Vattenfall selling 49% of its project shares to BASF. BASF plans to utilize nearly half of the generated electricity to power its chemical production facilities in Ludwigshafen and other European locations. Situated 85 km north of the island of Borkum in the German North Sea, the Nordlicht wind farm encompasses two distinct sites. Nordlicht 1 boasts a capacity of 980 MW, while Nordlicht 2 has a capacity of 630 MW. Vattenfall will oversee the development and construction of these projects.

The formal contract is anticipated to be finalized in the first half of 2024. Pending a final investment decision, expected in 2025, construction for Nordlicht 1 and 2 is projected to commence in 2026, with full operational status anticipated by 2028.