Business Area Wind
Accelerated renewables growth is key to achieving a sustainable energy system, unlocking the climate benefits of widespread electrification of society and ultimately reducing CO2 emissions. Vattenfall continues to be a leading player in offshore wind power as well as one of the leading companies in onshore wind power in Europe, especially in the UK and the Netherlands. We operate a portfolio of more than 1,200 wind turbines with total installed capacity of approximately 3.6 GW across five countries. In 2020 we continued our focus on solar power (PV) technology and battery storage, building 52 MW of solar power and installing 8 MW of battery capacity.
It is Vattenfall's ambition to be a leader in the energy transition through construction and operation of onshore and offshore wind power and to attain a leading position in solar power in the near future. At year-end 2020 Vattenfall had 3.6 GW of wind and solar capacity in operation, a further 3.2 GW under construction and an additional 4 GW in mature stage development. To achieve our ambition and succeed in an increasingly competitive market environment, we aim to:
Further strengthen our project pipeline by acquiring project development rights or entering into joint development agreements.
Be a leader in Levelised Energy Cost (LEC) and deliver the first new offshore and onshore projects without subsidies.
Innovate in operations and maintenance and keep focus on digitalisation of our entire value chain to reduce costs and improve availability.
Use the potential of combining solar, wind, and battery technology for renewable hybrid power plants and to a greater extent decouple the delivery of electricity from the time of production.
Sustainability is the foundation of our strategy and a prerequisite for long-term profitability. In addition to adding renewable electricity capacity, we aim to deliver sustainable lifecycle solutions both from environmental and social perspectives and to be a frontrunner in the industry.
More about Wind
Read more about Business Area Wind in the latest Annual and sustainability report.
|Net sales (SEK million)||13,565||13,492|
|External net sales (SEK million)||6,901||6,578|
|Underlying operating profit1 (SEK million)||3,970||4,155|
|Electricity generation (TWh)||10.8||9.5|
|Investments (SEK million)||5,810||9,245|
1 Operating profit excluding items affecting comparability.