Vattenfall cuts links with fossil fuels

Vattenfall is divesting its coal-fired power plant in Denmark. The Swedish company has sold its fossil assets in line with its “group strategy to focus on a more sustainable energy production”. Danish […]

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By Jacqueline Echevarria

Vattenfall is divesting its coal-fired power plant in Denmark.

The Swedish company has sold its fossil assets in line with its “group strategy to focus on a more sustainable energy production”.

Danish heating firm, Aalborg Forsyning, has paid DKK 725 million (£65.25m) to take over and commission the Nordjylland power station which has capacity of 410MW.

Ingrid Bonde, Vattenfall’s Chief Financial Officer and Deputy Chief Executive Officer said: “With the divestment in Denmark, Vattenfall has completed an important step in its transition from fossil fuels into renewable energies.”

The company previously divested two other coal-fired plants in 2013 and 2014.