Vattenfall and BASF have entered into a significant agreement whereby BASF will acquire 49% of Vattenfall’s Nordlicht 1 and 2 wind farms. These wind farms are currently under development in the German North Sea and represent a major step forward in renewable energy deployment, with a total capacity of 1.6 gigawatts. This makes Nordlicht the […]
Vattenfall, a leading energy company, has reached a landmark agreement to divest its Norfolk Offshore Wind Zone to RWE. The transaction, valued at an enterprise value of £963 million, is a strategic move that ensures the continued development of this significant renewable energy project. Transforming the UK’s Energy Landscape The Norfolk Zone, comprising three fully […]
Vattenfall, a key player in the energy sector, has finalized its strategic review and decided to sell its entire district heating business in Berlin to the State of Berlin. The deal, marking a significant shift in the energy landscape, involves a purchase price based on an equity value of approximately EUR 1.6 billion, derived from […]
Vattenfall, a Swedish multinational power company, has taken over German solar developer Solizer, acquiring a pipeline of large-scale solar projects in Germany, amounting to 4GW. This purchase extends Vattenfall’s German solar development portfolio to a total of 7GW, with the first projects from the newly acquired portfolio set to begin construction as early as 2024. […]