Finance
Vattenfall to build Germany's largest offshore wind farm
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 25, 2025
1 min readLast updated: January 24, 2026
Vattenfall plans to build Germany's largest offshore wind farm, Nordlicht 1 and 2, with a capacity of 1.6 gigawatts, operational by 2028.
COPENHAGEN (Reuters) - Swedish power utility Vattenfall said on Tuesday it has made a final investment decision for two wind farm projects in the German North Sea, Nordlicht 1 and 2, the first of which is expected to become Germany's biggest offshore wind farm.
Vattenfall said in a statement it had agreed to buy back the 49% stake in the Nordlicht cluster sold to BASF in 2024, while the German chemicals group will receive access to long-term supply of renewable electricity.
Construction for Nordlicht 1 and 2, which will have a total capacity of 1.6 gigawatt, is planned to begin in 2026, Vattenfall said.
Expected to be fully operational in 2028, the two wind farms will be able to produce around 6 terawatt hours (TWh) of electricity per year, equivalent to the electricity consumption of 1.6 million German households.
Vattenfall and BASF declined to provide further details when contacted by Reuters.
(Reporting by Louise Breusch Rasmussen and Nora Buli, editing by Terje Solsvik)
The main topic is Vattenfall's investment in building Germany's largest offshore wind farm, Nordlicht 1 and 2.
The Nordlicht 1 and 2 wind farms are expected to be fully operational by 2028.
The total capacity of the Nordlicht 1 and 2 wind farms will be 1.6 gigawatts.
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