OMNI Features｜Vattenfall Reaches Final Investment Decision to Build Nordlicht 1 & 2 Offshore Wind Farm in Germany．Marubeni Acquires 25.1 % Stake in Windward Offshore．Vietnam Released Decree Setting on the Requirements of Domestic and Foreign Investors

｜Vattenfall Reaches Final Investment Decision to Build Nordlicht 1、2 Offshore Wind Farm in Germany
Vattenfall has made the final investment decision on the Nordlicht 1 offshore wind farms in the German North Sea. FID for Nordlicht 2 is on a conditional basis. The construction scheduled to begin in 2026. Located 85 kilometres in the German North Sea, the installed capacity of Nordlicht 1 is 980 MW, which is set to become the largest offshore wind project in Germany. Accordingly, BASF has decided to sell its 49% equity share in the Nordlicht 1 and 2 wind farms back to Vattenfall.

Contracted companies include EEW SPC, providing 112 monopile foundations for Vestas’ V236-15.0 MW turbines, and CS Wind Offshore, manufacturing transition pieces at Aalborg Port, Denmark, starting in 2025. Installation responsibilities are divided between DEME for foundations and Jan De Nul for 196 km of inter-array cables supplied by TKF.

｜Marubeni Acquires 25.1 % Stake in Windward Offshore
Marubeni Corporation, through a wholly owned subsidiary, has acquired a 25.1 per cent stake in Windward Offshore, the Germany-based provider of offshore wind service vessels provider established by Diana Shipping, Serafin and SeraVerse, RIVE Private Investment, Blue Star Group, and SeaRenergy in 2023, has 4 commissioning service operation vessels (CSOV) under construction, with the first one, Windward Athens, set to be delivered in September of this year. The remaining three vessels will follow in the course of 2026. The company secured a EUR 182 million senior loan facility for post-delivery financing at the end of 2024.

｜Vietnam Released Decree Setting on the Requirements of Domestic and Foreign Investors
Vietnam’s Decree 58/2025, effective March 3, 2025, mandates domestic enterprise participation in offshore wind projects, requiring at least 5% of chartered capital or voting shares. Eligible domestic firms must be wholly state-owned or have SOEs holding over 50%.

A requirement for foreign investors is that they must have experience in investing and developing at least one offshore wind project that is operational in Vietnam or in the world. “Experience” includes direct investment, contributing a minimum 15% of the project's total investment capital, and the ratio of equity to capital contribution being at least 20%.

Reference: Offshore wind biz｜BASF｜The Investor