Watson Farley & Williams advises lenders on financing of Dutch offshore wind farm

Wind Industry Profile of

Watson Farley & Williams (“WFW”) has advised a consortium of international lenders on the financing of BASF’s stake in the Hollandse Kust Zuid (“HKZ”). Located in the North Sea, approximately 18km off the coast of the Netherlands, HKZ will, once fully operational, be the largest offshore wind farm in the world with 140 wind turbines and a total installed capacity of 1.5 gigawatts.

The project, led by Swedish energy company Vattenfall is expected to become fully operational in 2023 and is the first non-subsidised wind farm project in the Netherlands. BASF is acquiring the power produced from the wind farm for its ownership share through a long-term power purchase agreement. Swedish multinational Vattenfall is one of Europe’s largest producers and retailers of... ... More: Official Press Release WFW

Keywords:

Watson Farley Williams, WFW, lawyers, advisor, lender, international, wind farm, offshore, Netherlands, Hollandse Kust Zuid, GW, operational, capacity