BASF and Rheinland will invest US$4.9 billion in offshore wind power projects in Germany

According to the offshore engineering website, May 21, the chemical giant BASF and the German utility Rheinland Group (RWE) announced on Friday that they will implement a large-scale project in Germany’s most energy-intensive industrial base.

As part of the project, Rheinland Group plans to build a 2 GW offshore wind farm by 2030 to provide electricity for the BASF Ludwigshafen Chemical Plant, Germany's largest electricity consumer.

Rheinland Group CEO Markus Krebber stated that BASF will own 49% of the wind farm and added that although 80% of the wind farm’s output will be used for Ludwigshafen, the remaining one-fifth will be used for The 300 MW electrolyzer is used to produce so-called green hydrogen.

Martin Brudermueller, CEO of BASF, said: "If there is no renewable energy to provide enough electricity at a competitive price, our future transformation will be impossible.

The fate of the project depends on a series of regulatory factors, including speeding up the bidding of potential land in the North Sea, and the exemption of renewable energy from high green energy taxes in Germany.

Brudermueller stated at a joint press conference with the Rhein Group that Ludwigshafen’s electricity demand is expected to increase threefold by 2035, adding that the wind farm will meet the company’s chemical production center by about four times.

(1 USD = 0.

Wu Henglei compiled from offshore engineering

The original text is as follows:

　　BASF, RWE Planning $4.

　　Chemicals giant BASF and German utility RWE on Friday announced a potential 4 billion euro ($4.

　　As part of the project, which depends on more favorable legislation, RWE plans to build a 2 gigawatt (GW) offshore wind park by 2030 to help to supply BASF's Ludwigshafen chemicals complex, Germany's single biggest electricity consumer.

　　BASF will own 49% of the wind park, RWE CEO Markus Krebber said, adding that while 80% of the farm's output would go to Ludwigshafen, the remaining fifth will be used to power a 300-megawatt electrolyzer to produce so-called green hydrogen .

　　"Without the availability of sufficient volumes of electricity from renewable sources at competitive prices, our future transformation will not be possible," BASF Chief Executive Martin Brudermueller said.

　　The project's fate hinges on a number of regulatory factors, including faster tenders for potential sites in the North Sea as well as renewable energy being made exempt from hefty green power levies in Germany.

　　Electricity demand at Ludwigshafen is expected to triple by 2035, Brudermueller told a news conference held jointly with RWE, adding that the wind park would satisfy about a quarter of the power needs of his company's chemicals production hub.

　　($1 = 0.