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BASF Purchases 49.5% of Vattenfall Offshore Wind Farm

Contact Author Tony Scianna
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The Hollandse Kust Zuid offshore wind farm began construction in July and expects to be fully operatable in 2023.

BASF has announced the purchase of 49.5% of the Hollandse Kust Zuid offshore wind farm from Vattenfall. Including purchase price and contributions to the construction of the wind farm, BASF is spending around €1.6 billion on the commitment.

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The offshore wind farm began construction in July and expects to be fully operable in 2023. BASF claims the electricity from the wind farm will enable the use of low-emission technologies at its production sites in Europe.

 

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