The German unit of Swedish power group Vattenfall is planning to increase infrastructure investment by €1 billion over the coming years bringing the total investment to €4 billion.
The investments will come from Vattenfall Europe’s cash flow and include plans to build two coal-fired stations in Saxony and Hamburg together with €300 million on two new transmission lines.
Vattenfall also plans to focus on renewable energies including offshore wind and carbon avoidance.