Big wind keeps on churning Vattenfall profits

The European Offshore Wind Deployment Centre (EOWDC).
The Aberdeen Bay Windfarm received a substantial amount of EU finding.

Swedish wind developer Vattenfall experienced an increase in pre-tax profits for 2018 as big wind developments continued to churn sales.

The firm saw a 2018 profit of £1.1 billion, up from £1.06 billion in 2017.

Vattenfall also saw an drive in sales, mostly from wind development.

The wind developer tipped £13 billion in sales last year, up from £11.3 billion in 2017.

President of Vattenfall Marcus Hall said: “Wind power made significant progress in 2018.

“We started the year with a winning bid for Hollandse Kust Zuid 1 & 2 700 megawatt (MW), an unsubsidised offshore wind farm in the Netherlands.

“In Scotland Aberdeen Bay (97MW) was inaugurated, and in Denmark we made the decision to invest in the Kriegers Flak (605 MW) offshore wind farm.

“Also offshore the Danish coast, construction of the Horns Rev 3 (407 MW) wind farm continued on schedule, with full commissioning scheduled for 2019.”

Vattenfall has a number of projects in Scotland, including the newly constructed Aberdeen Bay development, able to power 70% of the city’s energy requirement, and a number of onshore wind projects such as the Clashindarroch Windfarm

The Swedish wind firm revealed in December that it has applied for consent to “prolong” the life of the Aberdeen Bay windfarm.

It confirmed it had tabled a request to Marine Scotland for a design life extension from 22 years to 25 years of the project, also known as the European Offshore Wind Deployment Centre (EOWDC).