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Vattenfall Opens U.K. Offshore Wind Farm, to Focus on Renewables

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Sept. 19 (Bloomberg) -- Vattenfall AB, the Nordic region’s biggest utility, opened a 500 million-pound ($812 million) wind farm off U.K. shores and detailed plans to reorganize its business with a focus on wind and nuclear power.

The Ormonde site will generate 150 megawatts of power from 30 turbines off Cumbria in northern England, Vattenfall said today in a statement. A third of its investment went to British businesses, the Stockholm-based company said.

Vattenfall said separately it will create a division for nuclear power to give it “the special focus it requires.” The company will also merge two divisions to focus on renewables.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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