Vattenfall Greenlights Nordlicht 1 & 2 Offshore Wind Farms

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An image of a wind farm to represent Vattenfall's offshore wind farm
Vattenfall's Nordlicht 1 and 2 offshore wind farms to drive Germany's renewable energy future with over 1.6 GW capacity.

Vattenfall has made the final investment decision on developing the Nordlicht 1 and 2 offshore wind farms, a massive step towards renewable energy in the country. Construction of the Nordlicht 1 and 2 offshore wind farms is to begin in 2026, with both scheduled to go onstream in 2028. Nordlicht 1, when fully constructed, will be Germany’s largest offshore wind farm, pushing the nation towards its renewable energy target.

Vattenfall’s Sustainability Commitment

Helene Biström, Head of Business Area Wind at Vattenfall, said, “The Nordlicht offshore wind cluster makes a significant milestone in the path to enabling fossil freedom. By accelerating Germany’s energy transition and supporting industrial decarbonisation, it will provide clean, reliable energy while driving innovation and sustainability in the sector. We look forward to realising this important project in close collaboration with our supply chain partners”

BASF Secures Long-Term Renewable Energy Supply

With Vattenfall’s investment choice, BASF has deepened its cooperation with the company. Following BASF’s acquisition of shares in the Nordlicht cluster in 2024, Vattenfall will repurchase those shares while providing BASF with long-term access to renewable electricity. This partnership guarantees BASF’s European chemical production will be fueled by clean energy as demand for renewable energy surges simultaneously.

Also read: Vattenfall Pauses Carbon Capture and Storage Project

A Renewable Power Capacity of Over 1.6 GW

The Nordlicht wind cluster, which will feature both the Nordlicht 1 and 2 wind farms, will boast a combined net capacity of more than 1.6 GW. This designates Nordlicht 1 as the largest offshore wind project so far in Germany. Vattenfall has also committed to minimizing the project’s carbon emissions by implementing wind turbine towers constructed using low-emission steel, which will see overall emissions decreased by 16 percent.

Vattenfall has invested in Nordlicht 2 contingent upon approval of the required permits. Therefore, the project’s final go-ahead is still pending regulatory approval.

Actis Acquires Stride, Expanding Solar Portfolio in India

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An image of a solar power facility representing Actis' acquisition, expanding by an additional 371MW.
Actis expands its renewable energy footprint in India with the acquisition of Stride Climate Investments, adding 371MW from 21 solar projects across seven states.

Actis, a global sustainable infrastructure investor, has acquired a 100% equity interest in Stride Climate Investments (Stride), an Indian solar generation asset portfolio. The deal grants Actis ownership of Stride’s 371MW portfolio of 21 solar projects located in seven states, primarily in Gujarat.

Expanding Solar Footprint in India

The Stride portfolio has operated for nearly a decade and is based on long-term, pay-as-you-go Power Purchase Agreements (PPAs). A range of off-takers, from central and state governments to private sector entities, underpin the agreements. The distributed asset base of the portfolio contributes to its stability and appeal, complementing India’s increasing appetite for renewable energy.

Actis Fortifies Footing in India’s Renewable Energy Market

Actis, a leader in international energy investments, boasts a robust Asian track record, having invested in excess of $7.1 billion in various strategies. The company has developed or operated over 8GW of capacity in the region, with more than 5.5GW from renewables. The acquisition of Stride will further cement Actis’ role as a leader in the Indian renewable energy market.

With Stride added, Actis has three energy generation platforms in India, alongside BluPine Energy and Athena Renewables. This strategic expansion is part of Actis’ broader plan to invest in sustainable infrastructure that supports global energy transitions.

Also read: ADB invests $50 million in Actis Fund to accelerate clean energy transition in Asia and the Pacific 

Strategic Investment in India’s Growing Renewable Market

Adrian Mucalov, Partner and Head of Long Life Infrastructure at Actis, said, “The acquisition of Stride aligns nicely with Actis’ long life infrastructure investment approach. The business has a 10-year operating history, compelling cash generation and low existing leverage. We believe Stride offers strong prospects to deliver cash yields to investors while also being in a dynamic, rapidly growing market.”

India can achieve its ambitious renewable energy goals, with the government committed to 50% renewable electricity by 2030. This rapid transformation offers plenty of investment opportunities for like-minded players in Actis’ league, who are well placed to meet India’s clean energy requirements.