Vattenfall

Vattenfall has announced an investment of €83.5m in a district heating firm, in a bid to renovate the combined heat and power (CHP) plant in Wedel, Germany.

The investment is aimed at boosting the city’s heat supply for the next couple of years ensuring adherence to the environmental standards.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Vattenfall will collaborate with the City of Hamburg to reach a long-term solution to secure the city’s heat supply by replacing the hard coal-fired CHP plant.

The project will involve refurbishment works on the turbines, boiler and control system of the plant.

"In parallel to the refurbishment of the plant in Wedel Vattenfall is developing a concept to achieve climate neutrality in Hamburg heat operations by 2050."

Business area heat head Tuomo Hatakka said: "In parallel to the refurbishment of the plant in Wedel Vattenfall is developing a concept to achieve climate neutrality in Hamburg heat operations by 2050.

"It could include heat storage, power-to-heat, industrial heat, decentral solutions and possibly gas-CHP that will replace the existing plant. The concept will be developed in close alignment with the City of Hamburg."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The project work on Wedel is expected to commence later this year, with most of the refurbishing activities scheduled for a maintenance period between 2016 and 2018.

Last month, Vattenfall awarded Swiss power and automation group ABB an order worth more than $22m to upgrade a 150-kilovolt (kV) high-voltage direct current (HVDC) transmission link in Sweden.

Image: Thermal Power Station Wedel in Schleswig-Holstein. Photo: courtesy of Vattenfall.