Vattenfall has signed a power purchase agreement (PPA) with chemicals group LyondellBasell (LYB) to supply electricity from the Nordlicht 1 offshore wind farm off the German coast. Starting in 2028, the 15-year agreement will provide LYB with approximately 450 GWh of electricity per year for plastics production.
The Nordlicht 1 wind farm, currently under development and awaiting a final investment decision, is located 85 kilometres north of Borkum in the German North Sea. It will have a total capacity of 980 MW from 68 wind turbines and is expected to be completed and connected to the grid in 2028. Vattenfall holds a 51% stake in the project, with BASF owning the remaining 49%.
