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Home›Business & Finance›Vattenfall’s New Offshore Wind Farm to Power LyondellBasell’s Plastic Recycling Plant in Germany
Business & Finance

January 29, 2025 · about 1 year ago

Vattenfall’s New Offshore Wind Farm to Power LyondellBasell’s Plastic Recycling Plant in Germany

Vattenfall has signed a power purchase agreement (PPA) with LyondellBasell (LYB), one of the world’s largest plastic producers, for its Nordlicht 1 offshore wind farm in Germany. Under the PPA, LyondellBasell will buy 450 GWh of electricity generated by Nordlicht 1 each year for 15 years, starting i

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Vattenfall’s New Offshore Wind Farm to Power LyondellBasell’s Plastic Recycling Plant in Germany

Nordlicht 1 wind farm, which is still pending a final investment decision, is located around 85 kilometres north of the island of Borkum in the German North Sea. The offshore wind farm will have a total output of 980 MW and is scheduled to be completed and connected to the grid in 2028.

Nordlicht 1 is part of the Nordlicht offshore wind project that consists of two separate wind farms, the other one being Nordlicht 2 with a capacity of around 630 MW.

Nordlicht is owned by Vattenfall (51 per cent) and BASF (49 per cent), with Vattenfall developing and building the project on behalf of the partnership.

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