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June 30, 2015 5:02 AM ET

Electric Utilities

Company Overview of Vattenfall AB

Company Overview

Vattenfall AB is engaged in the production, distribution, and sale of electricity and heat in Sweden, Germany, the Netherlands, and internationally. It operates in two segments, Generation, and Distribution and Sales. The company generates electricity primarily through lignite, hard coal, biomass, natural gas, nuclear, hydro, and wind resources. It is also involved in the sale of gas and energy trading. The company was founded in 1909 and is headquartered in Solna, Sweden.

Evenemangsgatan 13C

Solna,  169 56

Sweden

Founded in 1909

29,341 Employees

Phone:

46 87 39 50 00

Fax:

46 8 17 85 06

Key Executives for Vattenfall AB

Chief Executive Officer and President
Age: 55
Chief Financial Officer, Deputy Chief Executive Officer and Head of Staff Function Finance
Age: 55
Country Manager of Netherlands and Chief Executive Officer of N V Nuon Energy
Age: 50
Treasurer and Chief Executive Officer of Vattenfall Treasury AB
Senior Vice President, Head of Staff Function Legal & Chief Executive Officer Office, General Counsel and Secretary to the Board
Age: 57
Compensation as of Fiscal Year 2014.

Vattenfall AB Key Developments

Vattenfall and E.ON Sign Agreement to Decommission Nuclear Power Plants

Vattenfall and E.ON SE have signed an agreement to cooperate on the decommissioning and dismantling of their joint nuclear power plants. In order to make the decommissioning and dismantling process of their joint venture nuclear power plants as economically as possible, E.ON Technologies (ETG) and Vattenfall Europe Nuclear Energy (VENE) have closed a cooperation agreement in May 2015.

Vattenfall Starts Kentish Flats Extension Project in UK

Vattenfall has started construction on Kentish Flats Extension, an offshore wind farm off the Kent coast, UK. The company said that Kentish Flats Extension - expected to cost more than GBP 150 million to build - is the only wind farm to be built offshore in UK waters in 2015. Construction started late on Saturday 2 May with the piling of foundations for the 15-turbine scheme 8km offshore. All wind turbines are expected to be deployed this summer with first power from the 49.5MW scheme expected later in the year. The foundations work follows just a few days after the official opening of Vattenfall's 80-turbine Dan Tysk Offshore Wind Farm in German waters.

Vattenfall AB Presents at Credit Suisse London Energy Conference, Jun-02-2015

Vattenfall AB Presents at Credit Suisse London Energy Conference, Jun-02-2015 . Venue: 20 Columbus Courtyard, Canary Wharf, London E14 4QJ, United Kingdom.

Similar Private Companies By Industry

Company Name Region
Fortum Distribution AB Europe
Vattenfall Värme Uppsala AB Europe
Jämtkraft AB Europe
Perstorps Fjärrvärme AB Europe
Eurowind AB Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 26, 2015
East Anglia One Limited
Merger/Acquisition
December 19, 2014
Vattenfall AB., Fyn Power Station Including a Waste Incineration Plant
Merger/Acquisition
December 18, 2014
Thanet Offshore Wind Limited
 

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