18 Facts About Vattenfall

Vattenfall is a Swedish multinational power company owned by the Swedish State.

Vattenfall was founded in 1909 as a state-owned enterprise in Sweden.

From its founding until the mid-1970s, Vattenfall's business was largely restricted to Sweden, with a focus on hydroelectric power generation.

In summer 2013 Vattenfall announced a write-down of the value of its assets by 29.

In each of the second quarters of 2015 and 2016, Vattenfall filed impairments of SEK 28 billion, mostly due to lignite power stations in Germany.

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Outside of Sweden, Vattenfall is known for forcing the Soviet government to publicly reveal the Chernobyl disaster.

In 2006, Vattenfall began production of the pilot carbon capture and storage plant at Schwarze Pumpe, Germany.

Vattenfall has power generation branches in the core markets Sweden, Germany, the Netherlands, United Kingdom, and Denmark, and has operations in Finland.

In Germany, Vattenfall is the electric utility for the states of Hamburg, Mecklenburg-Vorpommern, Brandenburg, Berlin, Saxony-Anhalt, Thuringia, and Saxony.

Vattenfall remains one of the largest operators in UK offshore wind and operates the largest onshore windfarm in England and Wales.

Vattenfall operates biomass and other power plants in Germany and the Netherlands.

Until 2016, Vattenfall owned several open pit coal mines digging up lignite for Vattenfall lignite power stations, including the Janschwalde Power Station, the Boxberg Power Station, the Lippendorf Power Station and the Schwarze Pumpe Power Station.

On 30September 2016, Vattenfall completed the sale of its German lignite facilities to the Czech energy group EPH and its financial partner PPF Investments.

In January 2016, Vattenfall announced that its Swedish nuclear power plants, including the newer reactors, were operating at a loss due to low electricity prices and Sweden's nuclear output tax.

In October 2016 Vattenfall began litigation against the German government for its 2011 decision to accelerate the phase-out of nuclear power.

Vattenfall sold its brown coal assets in September 2016 to Czech investor EPH.

Vattenfall owns four of the "dirty thirty" most polluting power stations in Europe, a list compiled by WWF and other organizations.

Vattenfall has been accused of skirting the line of illegality in its effort to maintain ownership of electrical power grids.