The chemicals firm will use the electricity from the wind farm for its European production facilities

German chemicals giant BASF has bought the 49.5% share in the project

Together, they will build the offshore grid connection for the Hollandse Kust wind farm

The 1,500MW project in Netherlands will employ Siemens Gamesa turbines and could power more than 2m Dutch homes with clean energy

The facility could produce enough electricity to cover the annual consumption of more than two million Dutch households