COPENHAGEN (Reuters) - Swedish power utility Vattenfall said on Tuesday it has made a final investment decision for two wind farm projects in the German North Sea, Nordlicht 1 and 2, the first of
Vattenfall's Investment in Germany's Largest Offshore Wind Farm
COPENHAGEN (Reuters) - Swedish power utility Vattenfall said on Tuesday it has made a final investment decision for two wind farm projects in the German North Sea, Nordlicht 1 and 2, the first of which is expected to become Germany's biggest offshore wind farm.
Vattenfall said in a statement it had agreed to buy back the 49% stake in the Nordlicht cluster sold to BASF in 2024, while the German chemicals group will receive access to long-term supply of renewable electricity.
Construction for Nordlicht 1 and 2, which will have a total capacity of 1.6 gigawatt, is planned to begin in 2026, Vattenfall said.
Expected to be fully operational in 2028, the two wind farms will be able to produce around 6 terawatt hours (TWh) of electricity per year, equivalent to the electricity consumption of 1.6 million German households.
Vattenfall and BASF declined to provide further details when contacted by Reuters.
(Reporting by Louise Breusch Rasmussen and Nora Buli, editing by Terje Solsvik)
