BASF to buy offshore wind farm shares from Vattenfall

Wind Industry Profile of

Vattenfall and BASF have agreed the sale of 49.5% of Vattenfall’s offshore wind farm Hollandse Kust Zuid (HKZ) in the Netherlands. Once fully commissioned it will be the largest offshore wind farm in the world and also the first one ever to be built without subsidies for the power produced.

Vattenfall will use Hollandse Kust Zuid to supply fossil free electricity to its customers in the Netherlands. BASF will use its electricity share to support chemical production in sites across Europe. BASF and Vattenfall have signed a contract for the purchase of 49.5% of Vattenfall’s wind farm Hollands Kust Zuid by BASF. The purchase price amounts to €0.3 billion and takes into account the achieved status of the project. Including BASF’s contribution to fund the... ... More: Official Press Release Vattenfall

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Vattenfall, BASF, offshore, wind farm, Netherlands, Hollandse Kust Zuid, chemical, site, turbine, megawatt, electricity, Europe, subsidy