BASF/Mingyang get go ahead for offshore wind farm in China
The offshore wind farm jointly developed by German chemical firm BASF and China’s Mingyang recently obtained project approval from the authority in China. Located in Zhanjiang Municipality of Guangdong province and developed by the joint venture Mingyang BASF New Energy (Zhanjiang) Co. (Mingyang: 90%, BASF: 10%), the offshore wind farm plans a total installed capacity of 500 megawatts and is scheduled to be operational by 2025.
The majority of the power generated from the wind farm will supply renewable electricity to the BASF Zhanjiang site.
With this Approval, Mingyang BASF New Energy (Zhanjiang) Co says it will continue to advance the development, construction, and operation of this wind farm, and contribute to the green transformation in the chemical industry and carbon reduction ambition in China.
BASF says it is dedicated to building its Zhanjiang Verbund site as a lighthouse project of sustainable development in the global chemical industry.
The Zhanjiang site project will be BASF’s largest investment to date with around EUR10 billion upon completion. It will be operated under the sole responsibility of BASF and will be the company’s third-largest site worldwide, following Ludwigshafen, Germany, and Antwerp, Belgium.