Hamburg – Vattenfall has sold 49% of its shares in the Nordlicht 1 and Nordlicht 2 wind farm projects to BASF. The wind farm zone consists of two separate sites and is located in the German section of the North Sea, around 85 kilometres north of the island of Borkum. The two sites, Nordlicht 1 and Nordlicht 2, have planned capacities of approximately 980 MW and 630 MW, respectively. Full commissioning is scheduled for 2028, when a total of around six terawatt hours (TWh) of electricity is expected to be generated per year, enough to power 1.6 million German households. This makes the Nordlicht wind project the biggest offshore wind farm project that Vattenfall has realised to date. Construction is expected to start in 2026, subject to the final investment decision. Vattenfall is acting as developer and builder of both Nordlicht sites.
A CMS team headed by partners Dr Holger Kraft and Dr Jacob Siebert advised Vattenfall on all legal aspects of the transaction.
Vattenfall and BASF signed a Memorandum of Understanding with regard to the joint project in December of last year, when the CMS team likewise advised Vattenfall.
CMS Germany
Dr Holger Kraft, Lead Partner
Dr Jacob Siebert, Lead Partner
Dorothée Janzen, Partner, Commercial
Matthias Sethmann, Principal Counsel
Dr Christoph Löffler, Counsel
Dr Stefan Kühl, Senior Associate
Dr Christian Seeburger, Associate, all Corporate/M&A
Dr Niklas Ganssauge, Partner
Mathias Cordero, Senior Associate, both Real Estate & Public
Christoff Soltau, Partner
Dr Denis Schlimpert, Counsel
Dr Robert Bodewig, Senior Associate, all Antitrust, Competition & Trade
Dr Kerstin Block, Partner, Banking & Finance
Prof. Malte Grützmacher, Partner, TMC
Dr Nikolas Gregor, Partner, Intellectual Property
Sebastian Belz, Counsel
Katja Meisel, Senior Associate
Knut Göring-Tisch, Associate, all Public
Dr Arne Burmester, Principal Counsel
Birgit Wagner, Legal Manager
Shae Lynn Washington, Legal Coordinator
Sarah Przybylski, Senior Legal Specialist
Edris Trabzadah, Senior Legal Specialist
Jule Marie Holz, Legal Specialist, all Smart Operations
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