Vattenfall and BASF have concluded the sale of 49 per cent of Vattenfall’s Nordlicht 1 and 2 wind farms to BASF. The Nordlicht wind project is being constructed in the German North Sea without state subsidies. Vattenfall is developing and constructing the Nordlicht sites and aims to use its share of future electricity generation to supply customers in Germany with fossil-free electricity.
BASF will use their share to supply its chemical production sites in Europe, especially in Ludwigshafen. The Nordlicht wind farm area is located 85 km north of the island of Borkum in the German North Sea and consists of two separate sites: Nordlicht 1 with a capacity of around 980 MW and Nordlicht 2 with around 630 MW.
Once fully operational, electricity production is expected to total around 6 TWh per year, which is equivalent to the electricity consumption of 1.6 million German households. Subject to the final investment decision, which is expected in 2025, construction of Nordlicht 1 and 2 is expected to commence in 2026. The wind farms are expected to be fully operational in 2028. The parties have decided not to disclose the financial details of the transaction.
