Investors - SEPTEMBER 30, 2022

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Vattenfall obtains rights to build large wind farm off the German coast

by Kali Persall

Vattenfall has obtained the rights to develop and construct a large wind farm off the German North Sea, as part of a recent tender process.

The project was originally developed under the name Global Tech II by a consortium led by Strabag. Vattenfall, a Swedish utility, acquired the project in 2016, but when a new offshore wind-tendering system was put into place, the area was auctioned out again. Vattenfall holds the right of entry.

Following a final investment decision by Vattenfall, the wind farm could be connected to the German electricity grid sometime in 2027. Once fully developed, it would have an output of 980 megawatts with annual generation corresponding to the consumption of more than 1 million German households.

“This is an important milestone for us in Germany as the government aims to increase generation of electricity from offshore wind to 30 gigawatts by 2030,” said Catrin Jung, head of offshore wind at Vattenfall.

Vattenfall operates o

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