Monday, September 13, 2021Sector

BASF buys half of an offshore wind farm

BASF achète la moitié d'un parc éolien maritime

BASF has reached an agreement with European electricity provider Vattenfall for the Hollandse Kust Zuid offshore wind farm. BASF owns 49.5% of the wind farm and will use its share of electricity to power its chemical production sites in Europe.

Reading time
~ 1 minutes

Construction of the Hollandse Kust Zuid (HKZ) began in July 2021. When completed, “it will be the largest offshore wind farm in the world, with 140 wind turbines and a total installed capacity of 1.5 gigawatts. The project is expected to be fully operational in 2023,” BASF said. BASF’s Verbund production site in Antwerp will be the main beneficiary of the renewable energy.

“This wind farm is a capital asset to provide renewable electricity to our European plants. It is BASF’s first major investment in renewable energy facilities. With this investment, we are securing significant amounts of electricity from renewable sources for BASF, which is a key element of our transformation to climate neutrality,” said Martin Brudermüller, Chairman of the Direction Board of BASF SE.

This content is only available to subscribersPREMIUM, PRO, STARTUPandTPE

Already subscribed?Log in

Discover our subscriptions

SectorOther articles

314results