April 20, 2014 4:25 PM 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

31,819 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 and Deputy Chief Executive Officer
Age: 54
Country Manager of Netherlands and Chief Executive Officer of N V Nuon Energy
Age: 49
Treasurer and Chief Executive Officer of Vattenfall Treasury AB
Senior Vice President
Age: 56
Compensation as of Fiscal Year 2013.

Vattenfall AB Key Developments

Vattenfall Installs First Wind Turbine at Dantysk Project in North Sea

Vattenfall announced that it has completed the installation of the first of the 80 wind turbines in the 3.6MW class of DanTysk project in North Sea. With this step, the final installation phase of DanTysk has been kicked-off. The Pacific Osprey, the installation vessel, can carry components of up to 11 turbines in one trip. The installation of the 80 turbines is expected to take approximately five month, depending on weather conditions. For comparison, the installation of 12 turbines in the pilot project of the Alpha Ventus offshore wind farm, from the company and its partners, took just under five month as well in 2009.

SaskPower Signs Carbon Capture Deal with Vattenfall

A new five-year deal has been struck between a Saskatchewan Crown corporation and a Swedish power company. A memorandum of understanding has been signed between SaskPower and Vattenfall regarding carbon capture storage opportunities.

Vattenfall AB to Report Fiscal Year 2013 Final Results on Mar 24, 2014

Vattenfall AB announced that they will report fiscal year 2013 final results at 10:00 AM, Central European Standard Time on Mar 24, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 26, 2014
Vattenfall Europe PowerConsult GmbH
Merger/Acquisition
January 16, 2014
74.9% Stake in Vattenfall Stromnetz Hamburg GmbH and 100% Stake in Three Other Companies
Merger/Acquisition
January 7, 2014
EHA Energie-Handels-Gesellschaft mbH & Co. KG
 

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