As part of Vattenfall’s sustainability efforts, both wind farms will feature turbine towers partially made with low-emission steel , reducing their overall carbon footprint by 16 percent.
Norway’s Havfram is responsible for the transportation and installation of wind turbines.
The Nordlicht 1 and 2 offshore wind farms are expected to be operational in 2028. Once operational, electricity production is projected to total around 6 TWh annually.
BASF Sells Share in Nordlicht Project Back to Vattenfall
BASF has decided to sell its 49 per cent equity share in the 1.6 GW Nordlicht project back to Vattenfall. The two companies signed a contract for the two offshore wind farms in April 2024.
In parallel, BASF continues the collaboration with Vattenfall by securing a long-term supply of renewable power for the company’s chemical production in Europe.
According to BASF, the transaction reflects the firm’s approach to capital allocation as part of its “Winning Ways” strategy that was launched in the third quarter of 2024; it results in a non-cash effective disposal loss of around EUR 300 million in BASF’s Group earnings in the first quarter of 2025.
In January 2025, Vattenfall signed a power purchase agreement with LyondellBasell (LYB), one of the world’s largest plastic producers, for its Nordlicht 1 offshore wind farm in Germany.
Under the agreement, the company will buy 450 GWh of electricity generated by the wind farm each year for 15 years, starting in 2028.
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