Investment plan

Vattenfall’s investment strategy reflects our goal of achieving fossil freedom. 

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, bn SEK 2026–2030

Growth, 92bn SEK 56
Maintenance, 52bn SEK 32
Replacement, 21bn SEK 12

Net capex per technology bn SEK, 2026–2030

Wind power, 61.9bn SEK 61.9
Electricity distribution, 47bn SEK 47
Hydro power, 13.5bn SEK 13.5
Heat supply, 10.6bn SEK 10.6
Nuclear power, 10.4bn SEK 10.4
Other, 21.6bn 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
United Kingdom, 2bn SEK 2
Denmark, 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
Bruzaholm2 Sweden Wind onshore/battery 139 MW 2025 2,360 MSEK
Velinga2 Sweden Wind onshore 67 MW 2025 1,182 MEUR
Battery Toledo2 Sweden Battery 55 MW 2025 43 MEUR
Nauen2 Germany Solar 46 MW 2025 25 MEUR
E-boiler Diemen Netherlands Electricity as fuel 150 MWth 2025 45 MEUR
E-mobility - Netto2 Germany E-mobility n/a 2025 86 MEUR
E-mobility - Bünting2 Germany E-mobility n/a 2024 56 MEUR

1 All numbers in the table reflect the status as per 31 December 2024.
2 The project is EU taxonomy eligible and aligned.

 

 

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