Vattenfall’s energy production in 2014
Hydro power generation decreased in 2014. Modernisation and upgrading work is being conducted at existing hydro power plants to increase their level of efficiency. In addition, Vattenfall is conducting an extensive dam safety programme.
Nuclear power generation decreased in 2014. In November Vattenfall decided to put its study into replacement reactors in Sweden on hold pending discussions with the new government. In Germany only one of the company’s three partly owned nuclear power plants is in commercial operation. The Krümmel and Brunsbüttel nuclear power plant have been taken out of operation as a result of the German government’s decision on the early decommissioning of nuclear power in Germany.
Read more about the decommissioning of nuclear power and radioactive waste on page 41 in the Annual and sustainability report.
Fossil-based power production decreased. In autumn 2014 Vattenfall began looking into the prospects for divesting its entire lignite operation in Germany, which is a precondition for being able to reach the target of reducing the company’s CO2 exposure to 65 million tonnes by 2020.
Wind power generation increased in 2014. In May the Hjuleberg wind farm was inaugurated, which is Vattenfall’s largest onshore wind farm in southern Sweden. In Germany, the DanTysk offshore wind farm began delivering electricity in December. During the year, Vattenfall increased its investments in new wind power. These amounted to a total of SEK 6.5 billion and thus accounted for Vattenfall’s single largest investment item in 2014.
Electricity generation from biomass and waste decreased in 2014, mainly owing to lower demand due to warmer weather.