Vattenfall has signed a purchase power agreement (PPA) with the chemicals group LyondellBasell (LYB), providing fossil free electricity from the Nordlicht 1 offshore wind farm off the German coast…
Vattenfall has signed a purchase power agreement (PPA) with the chemicals group LyondellBasell (LYB), providing fossil free electricity from the Nordlicht 1 offshore wind farm off the German coast.
The agreement includes the supply of electricity from the Nordlicht 1 offshore wind farm over a period for 15 years, starting in 2028.
LYB will then purchase around 450 GW hours of electricity per year for plastics production - equivalent to the annual electricity consumption of around 128,500 German households.
Vattenfall is currently developing the Nordlicht 1 wind farm, which is still pending a final investment decision.
The offshore wind farm is located around 85 kilometres north of the island of Borkum in the German North Sea. It will have a total output of 980 MW from 68 wind turbines.
The project is due to be completed and connected to the grid in 2028. Vattenfall holds 51% of the shares, while BASF owns 49%. Vattenfall plans to use its share of future electricity generation to supply customers in Germany with fossil free energy.
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