BASF and Vattenfall have signed a contract for the purchase of 49.5% of Vattenfall’s 1.5-GW Hollands Kust Zuid offshore wind farm by BASF.
The purchase price amounts to €300 million and takes into account the achieved status of the project. Including its contribution to fund the wind farm construction, BASF’s total commitment amounts to around €1.6 billion. Closing of the transaction is expected in the fourth quarter of 2021, subject to the approval of the relevant authorities.
