Vattenfall will investigate strategic options for its German lignite mining and generation activities.
Magnus Hall, CEO and president of Vattenfall:
– We have a clear strategy to reduce our CO2-exposure and to transform our business into a more renewable based portfolio. The Board of Directors has decided that Vattenfall will explore options for creating a sustainable, new ownership structure for the lignite operations.
– We recognize the current and future importance of lignite based generation for the local economy and the German energy policy. The federal states of Brandenburg and Saxony are key stakeholders for Vattenfall’s activities in the Lusatia region and we will maintain a close dialogue with them in the process.
Vattenfall will remain fully committed to its other businesses in Germany, such as district heating, distribution, sales, trading, wind power and other types of power generation.
Vattenfall discloses this information pursuant to the Swedish Securities Market Act.
Issued by Vattenfall’s Press Office, telephone: +46-8-739 50 10, firstname.lastname@example.org.
Vattenfall is a Swedish owned energy company with operations in Sweden, Germany, the Netherlands, Denmark, UK and Finland. Since 1 January 2014 Vattenfall has started to operate from two units; the Nordic region and UK/ Continental Europe. Vattenfall’s vision is to create a strong and diversified European energy portfolio and to be among the leaders in developing an environmentally sustainable energy system.