Vattenfall divests 49.5% stake in Hollandse Kust Zuid project to BASF
BASF and Vattenfall have signed a contract for the purchase of 49.5% of Vattenfall’s wind farm Hollandse Kust Zuid (HKZ) by BASF. The purchase price amounts to EUR300 million (US$357.9 million) and takes into account the achieved status of the project.
Including BASF’s contribution to fund the wind farm construction, BASF’s total commitment amounts to around EUR1.6 billion (US$1.9 billion). Closing of the transaction is expected in the fourth quarter of 2021, subject to the approval of the relevant authorities. Offshore construction of the wind farm will start in July 2021.
Once fully operational in 2023, the wind farm will have 140 wind turbines and a total installed capacity of 1.5 Gigawatt. The Hollandse Kust Zuid wind farm will be the first fully merchant offshore wind farm in the world which does not receive any price subsidies for the power produced.
BASF is acquiring the electricity from the wind farm for its ownership share through a long-term power purchase agreement.
Country updates
-
-
June 17, 2021
Alternus Energy buys majority stake in Unisun Energy
Alternus Energy PLC has acquired, for cash and shares, a 60% stake in Netherlands-based clean energy group Unisun Energy Holding B.V. The deal also provides a strong platform for Alternus to grow in t...
Read more -
June 14, 2021
Worley received Engineering services contract for 200 MW Hydrogen project in Netherlands
Worley has been awarded an early engineering services contract by Shell to support the development of a new 200 megawatt electrolysis-based hydrogen plant in the Netherlands.
Read more -
June 04, 2021
382.7 MW Fryslan near-shore wind project to start operation at the end of the summer
Completion of Ventolines' 382.7 MW Fryslan wind farm in Ijsselmeer lake in the Netherlands has been delayed due to bad weather, complex logistics, and the coronavirus pandemic. The 89-turbine pr...
Read more -
May 18, 2021
Vattenfall completes sale of 38 MW Jaap Rodenburg wind project to ASR
Dutch insurance company ASR has completed the acquisition of the repowered Jaap Rodenburg wind farm project from Swedish state-owned power company Vattenfall AB. The project will be r...
Read more -
May 04, 2021
Nordex to supply turbines for 35 MW Greenport Venlo wind project
Nordex Group has received an order for the delivery of 3 MW and 4 MW turbines in the Netherlands. Windpark Greenport Venlo BV, a company of the Dutch sustainable utility Greenchoice, has ordered...
Read more
