Germany's chemicals giant BASF and China's wind turbine developer Mingyang have agreed to jointly construct and operate an offshore wind farm in South China. For this, the duo has created a joint venture company, Mingyang BASF New Energy (Zhanjiang) Co., Ltd. in which Mingyang will hold 90 percent and BASF 10 percent of the shares.
The offshore wind farm in Zhanjiang Municipality of Guangdong province will have a total installed capacity of 500 megawatts. It is expected to be fully operational in 2025. The majority of the power generated will be used to supply renewable electricity to BASF Zhanjiang Verbund site.
According to BASF, this is the first Sino-German offshore wind farm project involving development, construction, and operation.
"The wind farm is a key milestone in supplying BASF’s Zhanjiang Verbund site with 100% green power on start-up. BASF is dedicated to building its Verbund site in Zhanjiang as a role model for sustainable and smart production," BASF said.
“BASF wants to achieve net zero carbon emissions by 2050 globally. This offshore wind farm in Zhanjiang clearly demonstrates BASF’s commitment to achieving its climate goals and is a lighthouse project on BASF’s pathway to net zero. Furthermore, the project will contribute to China’s green transformation in the chemical industry and to the country’s carbon reduction ambition,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE.
Subscribe
