Our operations

Business Area Wind

Vattenfall’s ever-growing renewables operations in northwestern Europe form the backbone of a wide-spread electrification of society.

The Höge väg wind farm in Sweden

The Höge väg wind farm in Sweden.

Vattenfall is one of the pioneers of wind power in Europe, both on- and offshore. We operate a portfolio of more than 1,200 wind turbines with a total installed capacity of 4.4 GW across five countries. In 2022, we also continued to expand our efforts within large-scale solar PV, mainly in Germany and the Netherlands, as well as battery storage solutions.

Strategy and targets

It is Vattenfall’s ambition to remain a leader in the energy transition by developing, constructing, and operating onand offshore wind farms, large-scale solar PV, onshore wind farms and co-located battery storage. At year-end 2022, Vattenfall had 2.2 GW of renewable capacity under construction and 5.3 GW in mature-stage development. We aim to further strengthen our project pipeline by greenfield development and by bidding on, or acquiring attractive projects across all our renewable energy technologies.

We continue to focus on forging partnerships with industrial off-takers of renewable electricity to support them in their decarbonisation endeavours as well as to stabilise revenues for our renewables projects and to make them bankable. Being an industry fore-runner by delivering environmentally and socially sustainable solutions is paramount for us. We continue to focus on reducing greenhouse gas emissions, increasing circularity, working with suppliers to sustainably source goods and services, protecting biodiversity, and fostering social sustainability.

Vattenfall has, among others, joined the SteelZero and NearZero cement initiatives, and has thereby committed itself to a transition to sourcing 100% net-zero steel by 2040 and 10% nearzero cement by 2030. We generally seek to protect the environment in a risk- and cost-conscious manner and collaborate closely with authorities, academia, and NGOs.

More about Wind

Read more about Business Area Wind in the latest Annual and sustainability report.

Key data

  2022 2021
Net sales (SEK million) 29,109 20,872
External net sales (SEK million) 4,308 7,791
Underlying operating profit1 (SEK million) 16,479 7,866
Electricity generation (TWh) 12.2 11.2

1. Operating profit excluding items affecting comparability.

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