More news: Energy
Agency / Source: BASF

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

BASF to Sell 25.2% of the Offshore Wind Farm Hollandse Kust Zuid to Allianz - Allianz Capital Partners, on behalf of Allianz Insurance Companies (Allianz), and BASF have agreed on the purchase of 25.2% of the windfarm Hollandse Kust Zuid (HKZ) by Allianz - AllianzcCapitalPartners.com / BASF.com
BASF to Sell 25.2% of the Offshore Wind Farm Hollandse Kust Zuid to Allianz

 

PRZOOM - /newswire/ - Ludwigshafen, Rhineland-Palatinate, Germany, 2021/12/06 - Allianz Capital Partners, on behalf of Allianz Insurance Companies (Allianz), and BASF have agreed on the purchase of 25.2% of the windfarm Hollandse Kust Zuid (HKZ) by Allianz - AllianzcCapitalPartners.com / BASF.com. DE000BASF111

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

This follows a transaction between Vattenfall and BASF under which BASF acquired 49.5% of HKZ from Vattenfall on September 1, 2021.

BASF had already indicated that it intends to reduce its investment by selling shares to a financial co-investor. The closing of the transaction with Allianz (allianzcapitalpartners.com) is subject to merger control approvals. Following the closing, which is expected in Q1 2022, BASF will consolidate its remaining 24.3% participation at-equity.

BASF will continue to receive most of the power produced by its originally acquired share of 49.5% of HKZ under a long-term fixed-price corporate power purchasing agreement. This agreement secures substantial value for both BASF as purchaser of the power produced and Allianz as a financial investor.

Once fully operational, Hollandse Kust Zuid will be the largest offshore wind farm in the world with 140 wind turbines and a total installed capacity of 1.5 gigawatts. The project led by Vattenfall is expected to become fully operational in 2023.

About BASF

At BASF (basf.com), we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020.

Contact: Dr. Stefanie Wettberg - Senior Vice President Investor Relations
P: +49 621 60-48002 / M: +49 1520 930 7321
E: stefanie.wettberg[.]basf.com

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


BASF to Sell 25.2% of the Offshore Wind Farm Hollandse Kust Zuid to Allianz

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Allianz Capital Partners | BASF
Contact: Philipp Roßkopf - BASF.com 
+49 621 60 71233 philipp.rosskopf[.]basf.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From BASF / Company Profile


Read Energy Most Recent Related Press Releases:

ABB Acquires Controlling Interest in India’s Numocity
Qualcomm Unveils Next Generation Powerline Communication Device to Support Expanding Industry Need for Vehicle to Charging Station Smart-Grid
Tractebel Reaches First Level of EDGE Certification in Five Countries
Bruker Clean Technology Research and Analysis Solutions Portfolio Drives Sustainable Energy and Battery Research
ABB and Shell to Launch First Nationwide Network of World’s Fastest EV Charger in Germany
ABB and Eviny Install World’s Fastest Electric Car Charger in Norway
World’s Largest Mobile Grid Simulator Will Help Drive Transition to Renewable Energy
ABB to Support Shell’s Global EV Charging Ambitions
Kandiyohi Power Cooperative Validates Integration of Tantalus’ TUNet Technology with Neptune’s R900 System Data
PowerExchanger Integrates Renewables and Stabilizes the Grid to Keep the Power on 24/7

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  BizJobs.com

Visit  RightITnow, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2022 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today