November 11, 2024 12:22 GMT
RENEWABLES: Vattenfall to Invest €5bn in Germany's Renewable Sector by 2028
RENEWABLES
Sweden's Vattenfall plans to invest €5bn in Germany’s renewable energy sector by 2028, focusing on solar parks, battery storage, and charging infrastructure to meet growing demand, it said, cited by Reuters.
- Vattenfall aims to increase its German solar capacity to around 500MW per year.
- Additionally, it plans to expand its large-scale battery storage capacity to 300MW annually.
- Its offshore wind farms Nordlicht I and II are set to begin operations by 2028, with a combined capacity of 1.6GW.
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