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    Vattenfall secures development rights for 1.61 GW wind power projects off German North Sea coast

    September 15, 2023 - EquityBites


      Swedish state-owned multinational power company Vattenfall announced on Thursday that it has secured development rights for the N-6.6 offshore wind power project off the German North Sea coast, along with the N-7.2 project.

      These two projects are set to generate fossil-free electricity equivalent to the needs of over 1.7 million German households. In the process of bidding for a large wind farm near the German island of Borkum, Vattenfall has exercised its right of entry, granting it the authority to develop and construct the wind farm, also known as "Nordlicht II," with a 630 MW capacity.

      In September 2022, Vattenfall similarly exercised its right of entry for the N-7.2 or "Nordlicht I" project, both located in the same region. Together, these projects boast a total installed capacity of 1.610 GW, enabling them to supply electricity equivalent to the annual consumption of 1.7 million German households.

      Pending Vattenfall's final investment decision, "Nordlicht I" is expected to connect to the German electricity grid around 2027, followed by "Nordlicht II" in 2028.


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