Sweden’s Vattenfall to sell its coal operations in Germany


Minister for International Development Cooperation and the climate as well as Deputy Prime Minister Isabella Loevin (L) and Enterprise and Innovation Minister Mikael Damberg (R) speak to media about the Swedish energy company Vattenfall decision to sell Vattenfall's lignite operations in Germany, during a press meeting in Stockholm, Sweden, 02 July 2016.

Sweden’s Vattenfall to sell its coal operations in Germany

Sweden’s state-owned energy giant Vattenfall will be allowed to sell its German coal operations.

As  reported by The Local, the company’s coal operations employ 8,000 people and represent about one-tenth of Vattenfall's power production in Germany, where it is the third-largest energy supplier.

“The government supports the proposed transfer of Vattenfall's coal operations,” Sweden’s Industry Minister Mikael Damberg told a press conference. “Vattenfall is on the way to becoming a climate-ne...

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