First Vattenfall published the take-over of Sweden Offshore ASB from the German companies of WPD offshore and Windprojekt and of Östersjöns Vindkrafts from Fred Olsen. These acquisitions, valued at about 100 million SEK (around 9 million €), are expected to result in the largest wind farm (500 to 640 MW) in northern Europe. The farm will be located in Kriegers Flak, between Sweden and Germany and will consist of 100 to 150 turbines. Vattenfall hopes to start construction in 2009 and be on-grid in 2010. The total investment will be some 8 billion SEK (almost 900 million €).

Second, the firm concluded its takeover battle by reaching an agreement with Danish power company Dong about the acquisition of CHP and wind capacity, once owned by power companies Elsam and Energi E2. “Our move into the CHP and wind power sectors in Denmark represents an important strategic investment in our Nordic operations”, Vattenfall’s CEO Lars Joseffson said. He pointed out that the structure ensures the continuation of Vattenfall’s interest in sustainable energy. For instance, Vattenfall will now own 60 % of Horns Rev, an offshore wind farm in Denmark. The agreement will have to be approved by several institutions and authorities.