Wind turbines from Vattenfall are seen at the North Sea in Scheveningen, Netherlands August 25, 2022.
Vattenfall said in a statement it had agreed to buy back the 49% stake in the Nordlicht cluster sold to BASF (BASFn.DE), in 2024, while the German chemicals group will receive access to long-term supply of renewable electricity.
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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.
