Vattenfall signs EUR 2 billion revolving credit facility with link to sustainability performance

On 5 November, Vattenfall AB signed a sustainability-linked multicurrency revolving credit facility of EUR 2 billion. The new credit facility replaces Vattenfall’s existing and undrawn EUR 2 billion revolving credit facility signed in 2014. The new facility, which is available for general corporate purposes, carries a three-year tenor with two one-year extension options. It is a committed bank loan facility that allows Vattenfall to borrow funds at short notice if needed. The margin is linked to Vattenfall´s CO2e emissions intensity target. Vattenfall’s 2030 CO2e emissions intensity target covers Scope 1…

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SSAB, LKAB and Vattenfall to start up the world’s first pilot plant for fossil-free steel

SSAB, LKAB and Vattenfall are taking a decisive step toward fossil-free steelmaking with the start-up of HYBRIT’s globally unique pilot plant for the production of fossil-free sponge iron. Swedish Prime Minister Stefan Löfven started up the plant together with Isabella Lövin, Minister for Environment and Climate and Deputy Prime Minister, Martin Lindqvist, President and CEO of SSAB, Jan Moström, President and CEO of LKAB and Magnus Hall, President and CEO of Vattenfall. SSAB, LKAB and Vattenfall aim to create a complete value chain for fossil-free steel. “Right now we have…

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Vattenfall becomes member of the Sustainable Digital Infrastructure Alliance

Swedish energy supplier Vattenfall has signed up to the Sustainable Digital Infrastructure Alliance, whose mission is to move the global digital sector towards zero-emissions. Founded in late-2019, the SDIA is a non-profit entity that uniquely aligns energy suppliers, governments and industry to a mission of decarbonizing the global digital economy. While drawing attention to the rise of global data centers, whose carbon emissions rival that of the aviation industry, the not-for-profit organization seeks to drive collaboration across the value chain to promote a future digital infrastructure with minimal environmental impact.…

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Vattenfall announce new policy to speed up electrification of car fleet

Vattenfall’s Executive Group Management has decided on new policies for benefit cars and commercial passenger vehicles to reach its ambition to electrify its total car fleet of 4,600 vehicles by 2030.  Tomas Björnsson, head of E-mobility says: “Our goal is to enable a fossil free society and the electrification of the transport sector is an important element in this transition. To our customers we offer the full-suite of solutions needed for an electric vehicle: Charging at home, at work, at business as well as access to an international public network…

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Vattenfall and K3 enter partnership to improve sustainability

Energy company Vattenfall and Dutch land developer K3 have entered into a partnership for the purpose of developing solar farms that can be integrated into their surroundings. By joining forces, the companies are aiming to help make the Netherlands more sustainable. The solar farms are set to be built on land development locations owned by K3. The aim is to build floating solar farms in addition to land-bound variants. K3 will use part of the sustainable energy generated by these projects to power its own operations. Vattenfall will offer the…

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