Vattenfall sells out of German gigawatt project

Once again, the Swedish energy company joins forces with BASF, buying almost half of the upcoming two 1.6GW German Nordlicht parks.

Vattenfall CEO Anna Borg signed an agreement with BASF's counterpart, Martin Brudermüller, on Monday to divest 49% of the Nordlicht projects after negotiations for the deal began in December. | Photo: Basf

by MAZ PLECHINGER

Chemical group BASF is buying even more of Vattenfall’s offshore wind power. After acquiring almost half of Hollandse Kust Zuid three years ago, BASF is now following up with the acquisition of 49% of the two planned Nordlicht projects in Germany, totaling 1,610MW.

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BASF sells half of newly acquired Hollandse Kust Zuid
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