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RWE and BASF plan $4.9 bln wind power project

May 21, 2021 - Nasdaq

RWE plans to build 2 GW offshore wind farm by 2030

Most of the power would go to BASF's Ludwigshafen site

BASF would own 49% stake in offshore wind farm

Recasts with CEO comment, adds detail

FRANKFURT, May 21 (Reuters) - 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...