Vattenfall to Invest €5 Billion in German Renewable Energy by 2028

Vattenfall’s Strategic Commitment to Germany’s Renewable Energy Future
Sweden’s state-owned energy company Vattenfall is set to invest over €5 billion in Germany by 2028, marking a significant expansion of its renewable energy initiatives in the country. The company’s investment underscores Germany’s growing role as a major hub for the energy transition within Europe, focusing heavily on solar, wind, and electric vehicle (EV) infrastructure. This initiative aligns with the country’s ambitious climate and renewable energy goals, aiming for substantial reductions in carbon emissions and a greater reliance on sustainable energy sources.

EV Infrastructure and Solar-Battery Synergy
A key part of Vattenfall’s €5 billion investment will be directed toward the expansion of electric vehicle (EV) charging infrastructure across Germany, with €500 million earmarked for this purpose. As the country moves toward carbon-neutral mobility, the demand for EV charging networks is expected to rise sharply, and Vattenfall is positioning itself at the forefront of this transition. In tandem, Vattenfall will ramp up its solar energy production by building 500MW of solar parks each year. These solar facilities will be complemented by 300MW of large-scale battery energy storage systems, helping to address the challenges of solar power variability and ensuring reliable grid operations.

Wind Power Expansion and Renewable Leadership
Vattenfall is also advancing its wind energy initiatives, with plans to bring the Nordlicht 1 and 2 wind farms online by 2028, contributing a combined 1.6GW of renewable power. This complements Vattenfall’s significant wind power achievements, as evidenced by the addition of 1.3GW of new wind capacity in just the past year. The company’s extensive commitment to wind, solar, and battery storage projects reflects a broader European trend of prioritizing clean, renewable energy sources to meet both energy demands and climate targets.

A Step Forward in the European Energy Transition
This €5 billion investment represents a significant step forward in Vattenfall’s efforts to accelerate Germany’s renewable energy transformation. By focusing on solar, wind, and EV infrastructure, the company is contributing not only to Germany’s climate targets but also reinforcing its role as a leading player in Europe’s energy transition toward a sustainable, carbon-neutral future.