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$Vattenfall's \u20ac5 Billion German Renewable Energy Push$

welt.de

Vattenfall's \u20ac5 Billion German Renewable Energy Push

Vattenfall announces a \u20ac5 billion 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 EnergyEnergy TransitionGrowthPartnerships

VattenfallSalzgitter AgEvonikGeosolar

Robert Zurawski

How is Vattenfall expanding its private customer business?: The company is also growing its private customer business by increasing on-site consultation and installation services, partnering with around 150 local businesses for installing heat pumps, solar panels, and batteries, and recently acquiring Geosolar.
What major offshore wind projects is Vattenfall developing?: Vattenfall is developing the Nordlicht 1 and 2 offshore wind farms in the North Sea, with a combined capacity of 1.6 gigawatts, expected to be operational by 2028.
What is Vattenfall's strategy for the industrial energy market?: Vattenfall is expanding its partnerships with industrial clients, such as Salzgitter AG and Evonik, to supply them with green energy, offering investment security, stable pricing, and risk diversification.
How will Vattenfall balance fluctuating solar energy production?: The company will build 500 megawatts of solar parks and 300 megawatts of large-scale batteries annually, always in combination to balance fluctuating solar energy production with consumer demand.
What is Vattenfall's planned investment in German renewable energy by 2028?: Vattenfall plans to invest over \u20ac5 billion in renewable energy in Germany by 2028, driven by Germany's rapidly growing renewable energy market and increasing electricity demand.

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