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Vattenfall's 5 Billion Euro Bet on German Renewables

Vattenfall announces a 5 billion euro investment in German renewable energy, focusing on solar, wind, battery storage, and partnerships with industrial and private customers.

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German

Germany

Germany Climate ChangeEnergy SecurityInvestmentRenewable EnergyEnergyPartnerships

VattenfallSalzgitter AgEvonikGeosolar

Robert Zurawski

What is Vattenfall's strategy for industrial customers?: Vattenfall is focusing on electricity partnerships with industrial customers for their green energy transition, providing investment security and stable prices, as seen in deals with Salzgitter AG and Evonik.
How is Vattenfall expanding its private customer business?: Vattenfall is expanding its private customer business through consultations and on-site installations, partnering with about 150 local contractors for heat pumps, PV systems, and energy storage, recently acquiring Geosolar.
What major offshore wind projects is Vattenfall developing?: The company is developing offshore wind farms Nordlicht 1 and 2 in the North Sea with a total capacity of 1.6 gigawatts, planned to be operational by 2028.
How does Vattenfall plan to balance solar energy production?: Vattenfall will build 500 megawatts of solar parks and 300 megawatts of large batteries annually, always in combination to balance fluctuating solar energy production with consumer demand.
What is Vattenfall's planned investment in renewable energy in Germany?: Vattenfall plans to invest over 5 billion euros in renewable energy in Germany by 2028, driven by the country's rapid growth in this sector and an expected 40% increase in electricity demand by 2030.

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