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.
Country updates
-
-
November 23, 2023
FP Lux launched USD 436 Million Energy Transition Fund
FP Investment Partners and re: cap global investors launched a EUR 400 million (USD 436 Million) fund concentrating on energy transition investments in OECD countries with a minimum of 70% of investme...
Read more -
November 20, 2023
Final turbines installed at the 257 MW Offshore wind Farm in Germany
Parkwind and its partners have completed the installation of final towers and turbines at the 257 MW Arcadis Ost 1 Offshore Wind farm in the German Baltic Sea.
Read more -
November 08, 2023
Contract secured for two hydrogen-ready combined heat and power plants in Baden-Württemberg
GE Vernova announced that it has secured two orders from EnBW to provide H-Class natural gas-fired combined cycle power generation equipment for Combined Heat and Power (CHP) power stations in He...
Read more -
November 07, 2023
Iberdrola completes sale of 49% stake in Baltic Eagle to Masdar
Iberdrola has finalized the sale of a 49% stake in its 476 MW Baltic Eagle offshore wind farm to United Arab Emirates-based renewable energy developer Masdar. Iberdrola has acquired a...
Read more -
November 02, 2023
KGAL won internationally tendered mandate to manage PtX Development Fund
KGAL has won an internationally tendered mandate to manage KfW’s PtX Development Fund for the promotion of green hydrogen. The PtX Development Fund, funded by the German Federal Ministry for Ec...
Read more
