Tag: Vattenfall

Vattenfall IT wins circularity award

Stuart Mitchell

Vattenfall has been announced as the winner of the Circular Leader of the Year award at the Circular Electronics Awards, organised by Inrego. Colleagues from IT Sustainability at Vattenfall have significantly strengthened the collaboration with Inrego in 2024, now involving several European countries in creating circular IT.   Vattenfall has been making significant strides towards a circular economy within IT through its collaboration with Inrego, a Swedish company expert in reused IT. This partnership, which began in 2009, today spans across Sweden, Poland, Denmark, Finland, Belgium, the Netherlands, and the…

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Near zero-cement market possible

Stuart Mitchell

Vattenfall and Cemvision collaborate to develop a market for near-zero emission cement, a logic next step since the agreement (LOI) for the development and future supply of the cement, was launched earlier this year. And if all value-chain parties are committed a market is possible the coming years. In 2024, Vattenfall introduced the partnership with Cemvision to develop near-zero emission cement and a future market in connection with the First Movers Coalition commitments, during a live event in Stockholm. Vattenfall and Cemvision have entered an agreement (LOI) for the development and…

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Finland’s first commercial-scale offshore wind farm underway

Stuart Mitchell

The work is already in full swing in Korsnäs off the west coast of Finland where one of the most significant industrial projects in the country is in progress. To achieve carbon neutrality by 2035 and to enhance Finland’s energy self-sufficiency, more electricity from renewable sources is needed. “Wind power, being a crucial energy source for decarbonisation, makes the Korsnäs project a vital contributor to this transition,” says Klaus Nissen, Project Director at Vattenfall. “Once completed, it will produce fossil-free electricity for over two million apartments or 350,000 electrically heated…

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Hybrid technology boosts wind and solar

Stuart Mitchell

Wind and solar power are the fastest-growing energy sources in the world today, thanks to their low climate impact and high cost-efficiency. But as electricity production from weather-dependent energy increases, it also makes it harder for the supply system to maintain balance and stability.  Now Vattenfall has developed smart technology which solves many of these problems. In so-called hybrid power farms, different types of energy are combined and controlled in a way that brings out the best from each type. This way,  a hybrid power farm based on wind power…

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Vattenfall signs EUR 2 billion revolving credit facility linked to its sustainability performance

Stuart Mitchell

The new credit facility replaces Vattenfall’s existing and undrawn EUR 2 billion revolving credit facility signed in 2020. 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 facility margin is linked to Vattenfall’s progress in meeting specific Scope 1 and 2 GHG emission intensity thresholds. These thresholds align with Vattenfall’s current 2030 sustainability targets which are approved by the Science Based…

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