Vattenfall divests Danish CHP plant

Date: 3 July 2015

Swedish utility group Vattenfall is divesting its Nordjylland CHP plant (pictured), completing the sale of its fossil assets in Denmark in line with group strategy.

As of 31 December 2015 district heating company Aalborg Forsyning will take over Unit 3 of the Nordjylland Power station, which is coal-fired and has an installed capacity of 410 MWe and 490MJ/s of district heating.

The enterprise value is DKK 823 million (US$123 million) including a cash consideration and takeover of decommissioning obligations and environmental liabilities.

‘With the divestment in Denmark, Vattenfall has completed an important step in its transition from fossil fuels into renewable energies’, says Ingrid Bonde, Vattenfall’s Chief Financial Officer and Deputy Chief Executive Officer.

Prior to the sale of Nordjylland Power Station Vattenfall has divested two other coal-fired plants: Amager Power Station in 2013 and Fyn Power Station in 2014.

Source: COSPP