Net capex, bn SEK 2026–2030
| Growth, 92bn SEK | 56 |
| Maintenance, 52bn SEK | 32 |
| Replacement, 21bn SEK | 12 |
Investment plan
Our investment plan reflects Vattenfall's ambition to be a leader in the energy transition.
Vattenfall has decided on an investment plan for 2026–2030 amounting to SEK 165 billion. Gross investments amount to SEK 239 billion and the difference is due to partnerships for offshore wind power projects, as well as assumptions about revenues from the divestment of onshore wind power projects and solar power projects developed for sale. The amounts stated below refer to net investments.
Growth investments total SEK 92 billion with the largest share, SEK 59 billion, planned to for investment in new wind power. Other growth investments primarily relate to the expansion of charging infrastructure for electric vehicles, strategic growth initiatives in hydro power, and the development of new nuclear power capacity in Sweden.
Net capex per technology bn SEK, 2026–2030
| Wind power, 62bn SEK | 61.9 |
| Electricity distribution, 47bn SEK | 47 |
| Hydro power, 14bn SEK | 13.5 |
| Heat supply, 11bn SEK | 10.6 |
| Nuclear power, 10bn SEK | 10.4 |
| Other, 22bn SEK | 21.6 |
Net capex per country bn SEK, 2026–2030
| Sweden, 89bn SEK | 89 |
| The Netherlands, 39bn SEK | 39 |
| Germany, 30bn SEK | 30 |
| Finland, 3bn SEK | 3 |
| Denmark, 2bn SEK | 2 |
| United Kingdom, 2bn SEK | 2 |
Growth capex per technology bn SEK, 2026–2030
| Wind power, 59bn SEK | 59 |
| Electricity distribution, 14bn SEK | 14 |
| Heat supply, 7bn SEK | 7 |
| Other, 12bn SEK | 12 |
Growth capex per country bn SEK, 2026–2030
| The Netherlands, 35bn SEK | 35 |
| Sweden, 29bn SEK | 29 |
| Germany, 25bn SEK | 25 |
| Other, 3bn SEK | 3 |
Major investment projects – decided on and in progress1
| Project | Country | Type | Capacity | Completion | Total investment |
|---|---|---|---|---|---|
| Nordlicht I | Germany | Wind offshore | 980 MW | 2028 | 2,724 MEUR |
| Nordlicht II | Germany | Wind offshore | 630 MW | 2029 | 1,877 MEUR |
| Clashindarroch II | United Kingdom | Wind offshore | 77 MW | 2027 | 114 MGBP |
| Neubrandenburg | Germany | Solar | 60 MW | 2026 | 58 MEUR |
| Martensdorf | Germany | Solar | 94 MWth | 2026 | 52 MEUR |
| Döbrichau | Germany | Solar / Battery | 28 MW / 42 MW | 2026 | 51 MEUR |
| Future Heat Leiden | Netherlands | Gas / Heat grid | 100 MW | 2027 | 103 MEUR |
| Harsprånget G3 | Sweden | Hydro | 102 MW | 2028 | 630 MSEK |
| E-mobility – Netto | Germany | E-mobility | n/a | 2026 | 86 MEUR |
| E-mobility – Bünting | Germany | E-mobility | n/a | 2026 | 56 MEUR |
| E-mobility – Brali | Netherlands | E-mobility | n/a | 2026 | 64 MEUR |
1 All numbers in the table reflect the status as per 31 December 2025.
Related content
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Vattenfall hedges future electricity generation via forward and futures market sales.
This glossary explains financial terms and concepts used in our reporting.
