Vattenfall Commits €5 Billion to Germany's Renewable Energy Growth

The Swedish energy giant plans significant investments to expand its renewable energy and storage capabilities by 2028.

Vattenfall aims to construct solar parks generating 500 megawatts annually, alongside 300 megawatts of battery storage, to balance solar output with consumer demand.
The company is developing two offshore wind farms, Nordlicht 1 and 2, in the North Sea, expected to add 1.6 gigawatts of capacity by 2028.
Vattenfall is fostering energy partnerships with industrial clients like Salzgitter AG and Evonik to secure stable, green energy supplies.
To enhance its residential offerings, Vattenfall is partnering with 150 local firms for the installation of heat pumps, solar panels, and energy storage solutions.
The acquisition of the Berlin-based company Geosolar, with 90 employees, highlights Vattenfall's commitment to expanding its local operations.