Posted on March 26, 2025
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 (BASFn.DE), opens new tab 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.
