Business Area Wind
Through its Wind business Vattenfall continues to be a leading player in the offshore wind power industry as well as one of the leading companies in onshore wind power in Europe, especially in Denmark and the Netherlands. We currently operate a portfolio of about 1,100 wind power turbines with total installed capacity of approximately 2,800 MW across five countries. In 2018 we continued our focus on solar energy (PV) technology and battery storage. We now operate 9 MW of solar power combined of decentralised and large-scale projects and have installed 23 MW of battery capacity.
Development and deployment of renewable power generation are key to achieving a sustainable energy system, unlocking the climate benefits of widespread electrification of society and ultimately reducing CO2 emissions. We want to be a leader in the development, construction and operation of on- and offshore wind power. Our target is to add an additional 2,300 MW of commissioned wind and solar capacity between 2016 and 2020, bringing our estimated total capacity to 4,100 MW by 2020. To achieve this ambition and succeed in an increasingly competitive market environment, the following focus areas have been identified for Wind:
- Further strengthen the project pipeline by acquiring project development rights or entering into joint development agreements
- Become a leader in Levelised Energy Cost (LEC), for instance by leveraging procurement scale, standardising processes and improving site selection and design capabilities
- Innovate in operations and maintenance and keep focus on the 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 electricity delivery from the actual production
More about Wind
Read more about Business Area Wind in the latest Annual and sustainability report.
|Net sales (SEK million)||11,852||9,438|
|External net sales (SEK million)||8,003||6,669|
|Underlying operating profit1 (SEK million)||3,747||2,137|
|Electricity generation (TWh)||7.8||7.6|
|Investments (SEK million)||5,626||7,161|
1 Operating profit excluding items affecting comparability.