Vattenfall to sell 49.5% of the offshore wind farm Hollandse Kust Zuid to BASF

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Vattenfall and BASF have agreed the sale of 49.5% of Vattenfall’s offshore wind farm Hollandse Kust Zuid (HKZ) in the Netherlands.

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.

Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE: “With this investment we are securing significant volumes of electricity from renewable sources for BASF, which is a key element of our transformation towards climate neutrality”.

Anna Borg, President and CEO of Vattenfall: “With this cooperation, Vattenfall once more proves that partnerships with industries are a key element to accelerate the European energy transition across sectors. I am particularly proud that we can do this, while at the same time securing the delivery of fossil-free electricity to our Dutch customers”.

 

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https://group.vattenfall.com/press-and-media/pressreleases/2021/vattenfall-to-sell-49.5-of-the-offshore-wind-farm-hollandse-kust-zuid-to-basf

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