Source: REUTERS, 5/21/21

Chemicals giant BASF (BASFn.DE) and German utility RWE (RWEG.DE) on Friday announced a potential 4 billion euro ($4.9 billion) offshore wind power project to cut emissions at Germany's most energy-intensive industrial site. As part of the project, which depends on more favourable legislation, RWE plans to build a 2 gigawatt (GW) offshore wind park by 2030 to help to supply BASF's Ludwigshafen chemicals complex, Germany's single biggest electricity consumer.

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