On recordThis profile is no longer actively maintained, with the information now possibly out of date
Send feedback on this profile
Download as PDF
Created before Nov 2016
Last update: 2016-07-04 21:26:55 BankTrack
Share this page:
|Sectors||Biomass Electric Power Generation, Coal Electric Power Generation, Coal Mining, Hydroelectric Power Generation, Mining, Nuclear Electric Power Generation, Solar Electric Power Generation, Wind Electric Power Generation|
Vattenfall is 100% owned by the Kingdom of Sweden.
Sweden's state-owned Vattenfall is Europe's sixth largest generator of electricity and largest producer of heat. In 2013, Vattenfall's total installed capacity across all its operations stood at 39,106 megawatts. In Sweden it has a market share of 50%. The company's generation assets are spread across the United Kingdom, Sweden, Finland, Denmark, Germany, Poland, Belgium and the Netherlands. It uses 6 sources for its energy: coal (39%), nuclear (27%), hydro (20%), biomass, hydro and wind.
Environmental and climate impacts
Vattenfall, owned by the state of Sweden, currently releases twice the amount of CO2 as the whole country of Sweden.
Nuclear power plant Forsmark had a serious accident in 2006. Shortly afterwords there was a series of accidents in the German plants Brunsbuettel and Kruemmel. After those accidents Vattenfall tried to conceal important facts and had a negative press because of the misinformation. Vattenfall is promoting nuclear power as an "important part of making electricity clean" despite all negative headlines they are producing with their plants.
Vattenfall uses a EUR 500 million green bond to finance investments in the renewable energy space, in which biomass is included by the company. The financial close took place on 6 March 2020, and the bond arrangers are ING, Danske Bank, NatWest, and Societe Generale.