Tag Archive for 'Vattenfall'

European Commission Takes Germany to Court for Coal-fired Power Plant in Hamburg on Habitats Directive Arguments

Only about a month after the first 827 MW unit of Vattenfall’s coal-fired power plant in Hamburg-Moorburg started commercial production, the European Commission announced to launch proceedings against Germany before the Court of Justice of the EU over its alleged failure to apply the requirements of the Habitats Directive when authorising the plant.

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Vattenfall Cancels CCS Demonstration Project in Jänschwalde

Due to the political impasse with regard to a German CCS law, Vattenfall AG announced the cancellation of its EUR 1.5 billion CCS demonstration project in Jänschwalde and the exploration of possible storage facilities in Eastern Brandenburg.

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Fee Reduction Makes Operation of Vattenfall Hydro Power Plant Attractive Again

For the first time in 10 years Vattenfall’s 120 MW hydro power plant in Geesthacht operates again at full capacity, storing excess wind power. Vattenfall made the decision after the state of Schleswig Holstein decided to reduce a fee for the use of surface water to only 10% of the former amount in an attempt to create more storage capacity for excess wind power in the state. This lead to a cost reduction of roughly EUR 3.6 million for Vattenfall.

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Mining Authority Approves General Operation Plan for Vattenfall CCS Exploration Project

The mining authority of the state of Brandenburg (Landesamt für Bergbau, Geologie und Rohstoffe – LBGR) recently approved the general operating plan (Hauptbetriebsplan) for a subsidiary of Vattenfall Europe AG for a carbon capture and storage project.

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Concession Dispute in Hamburg over Electricity and District Heating Network

The city of Hamburg and Vattenfall AG are reported to be in dispute about returning the local electricity and district heating network when the concession agreement runs out in 2014. Continue reading ‘Concession Dispute in Hamburg over Electricity and District Heating Network’

Vattenfall’s New Business Strategy Announced – Potential Divestments

Vattenfall AB today announced its new business strategy. The company wants to focus on its core markets Sweden, Germany and the Netherlands. It strives to increase profit and value creation, reduce debt and CO2 exposure. This may lead to its subsidiary Vattenfall Europe selling German coal-fired power plants, Handelsblatt writes.

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Energy Policy Appeal – Ad Campaign in Favour of Nuclear Power and Coal

Many big newspapers today carried full-page advertisements to influence the German debate over the upcoming energy concept in favour of nuclear power and coal. Forty-one high-ranking German CEOs and business representatives signed the “Energiepolitischer Appell” (energy policy appeal) with their position for a preferable future energy policy. The move comes ahead of the energy concept the German government under Chancellor Angela Merkel is to publish at the end of September.

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Chancellor Merkel Invites for Nuclear Power Talks

Chancellor Angela Merkel (CDU) invited the heads of the four major German utilities E.ON AG, RWE AG, Vattenfall and EnBW for talks about an extension of the operating times of the 17 German nuclear power plants next Wednesday.
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First German Off-shore Wind Farm Commissioned

Alpha Ventus, Germany’s first off-shore wind farm, was officially commissioned today. Participating in the ceremony were Federal Environment Minister Dr. Norbert Röttgen and the CEOs of the construction consortium’s member companies, Dr. Werner Brinker of EWE, Dr. Wulf Bernotat of E.ON and Tuomo Hatakka of Vattenfall Europe. Continue reading ‘First German Off-shore Wind Farm Commissioned’

Vattenfall Sells German Transmission Grid to Elia and IFM

Vattenfall AG, Germany’s third largest  utility on 12 March 2010 annouced the sale of its subsidiary 50Hertz Transmission GmbH, which owns and operates Vattenfall’s German transmission grid, to the Belgian transmission system operator Elia and to the Australian Industry Funds Management (IFM). Under the terms of the agreement IFM will own 40 per cent and Elia will own a 60 per cent stake and have operational control. Continue reading ‘Vattenfall Sells German Transmission Grid to Elia and IFM’