Vattenfall Wants to Get Into the Business of Operating Electricity Networks

Leading European energy group Vattenfall has formed a new unit to own and operate electricity networks in Great Britain - Vattenfall Networks Ltd. Operations are expected to start in 2018 further expanding Vattenfall’s investment in the UK electricity market where Vattenfall today is one of the biggest producers of wind power.

Vattenfall Networks operating licence was granted 1 November, by British energy regulator Ofgem and marks a first step for Vattenfall to establishing smart, independent electrical distribution network operations in Great Britain. “This is an another important step for Vattenfall in the UK which is an interesting market where we see good opportunities to further grow with our climate smart energy solutions. This is in line with our overall... ... More: Official Press Release Vattenfall

Keywords:

Vattenfall, UK, electricity market, wind energy, network