Increase renewables

Development of renewable power generation is the key to reducing CO2 emissions and achieving a sustainable energy system. 

Our strategy

Our targets

Examples of achievements 2016 renewables

Challenges we have

Our planned activities

Our strategy

We want to be a leader in the development, construction and operation of wind power, and we have set a target to operate 4 GW of wind power by 2020. We now have a strong number two position in offshore wind power worldwide and are one of the top three companies in onshore wind power in Denmark and the Netherlands. We currently operate a portfolio of more than 1,100 wind power turbines with total installed capacity of 2,200 MW across five countries. Given our expertise in constructing and operating on- and offshore wind farms, we believe partnerships will provide attractive opportunities to fulfil our commitment to further growth in wind power. The coming years Vattenfall invests around 5 billion EURO.

We continue to explore new opportunities in solar energy (PV) technology and battery storage. For example, by integrating PV with wind farms we can keep costs down and minimise the environmental impact by taking advantage of existing infrastructure. We plan to build additional solar farms in our efforts to further diversify our portfolio.
Solar energy at Vattenfall

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Our targets

  • Reduce annual CO2 exposure to 21 million tonnes.
  • Commissioned renewables capacity: ≥2,300 MW

Examples of achievements 2016 renewables

In most respects, 2016 was a very successful year for Vattenfall's wind power business:

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In addition to tenders we made several positive development steps in our projects currently under construction:

  • Sandbank, a 288 MW offshore wind farm in Germany, began delivering power in September and was fully commissioned in early 2017, a few months ahead of schedule.

  • In the UK, construction of the Pen y Cymoedd wind farm remains on schedule. The wind farm began delivering power in early October and was operating at full capacity in early 2017.

  • In November the final turbine was installed at the Ray wind farm. This marked a major milestone in the development of this 54.4 MW wind farm, which is expected to generate enough power to meet the annual electricity needs of over 30,000 UK households.

  • Our first solar farm (5 MW), adjacent to the Parc Cynog wind farm in the UK, became operational at the end of March 2016. Solar energy will increase in the coming years and will be one of our growth areas.

  • We won a tender in the UK for a 22 MW battery to provide enhanced frequency control service to the national grid. This will help us diversify our portfolio in the area of storage technologies and enable us to participate in the balancing market.

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Challenges we have

  • Low prices for CO2 emission allowances encourage the use of solid fossil fuels over gas and biomass.
  • Finding financing solutions which, despite a scaled-back investment framework, enable a high pace of growth in investments in wind power.

Our planned activities

In order to reach the target of reducing the company's CO2 exposure to 21 million tonnes and transform to more renewable production, Vattenfall has divested the lignite operations in Germany.

Vattenfall is also inviting in other investors in an effort to maintain a high pace of growth in renewable electricity generation, particularly in wind power.

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Last updated: 2017-07-04 11:02