Vattenfall adds new markets to its renewables’ business to support continued growth

Vattenfall is readying itself growth through the division of its wind and renewables’ Business Area into three Business Units: Offshore, Onshore, and PV & Battery.

Vattenfall’s fast growing wind organization is adapting to better focus on the different market conditions of various renewable energy sources. The Business Area Wind will now operate with three Business Units (BU’s); Offshore, Onshore and for the first time Photovoltaic & Battery.

The new units will now cover the entire value chain of their respective business, and will operate in a very agile and market specific approach.

The newly formed organization started operations with effect from July 1. In the beginning of this year, Vattenfall decided to sharpen its wind activities towards a product line driven organization.

Three new BU’s will now build Vattenfalls Business Area Wind, which is operating in six European countries: Sweden, United Kingdom, the Netherlands, Germany, Denmark and France. The changes will enable and support further growth both in terms of projects and people.

“Already early this year, we have taken a decision to adjust our ways of working toward the anticipated market developments,” said Gunnar Groebler, Head of Vattenfall Wind. “With the ‘go live’ of the new structure, we again put more focus on profitable growth in the renewable space and hence supporting Vattenfalls overall ambition to power climate smarter living and becoming CO2 free in just one generation.”

Groebler said that in the upcoming two years Vattenfall plans to invest up to EUR 150 million in in large scale, as well as decentralized PV and battery projects. “This underlines our strong ambition to reshape the Vattenfalls overall production portfolio and to broaden into a market with significant future growth rates.”

The new organization, designed along the respective value chains, will enable the Business Units to further reduce levelized costs of energy due to increased focus and reduced complexity.

“Vattenfall is already among the pioneering companies in terms of cost reductions in the offshore and onshore wind sector as it is our ambition to lead the industry into a profitable but also highly competitive future,” he continued. “At the same time we face a fast changing business environment in our markets. With the creation of a lean business model with product lines  to create dedicated end-to-end-processes and business that can respond to different markets, we take the logical next step to fulfill our ambitious targets.”

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