Stockholm-based energy company Vattenfall to open London office; company currently developing seven onshore wind farms in U.K., is building Ormonde Offshore Wind Farm in Irish Sea
January 19, 2011
– Vattenfall is going to strengthen the company's presence in the United Kingdom and plans to open up a new office in London. CEO Øystein Løseth announces this plan on the occasion of the Nordic-Baltic Summit, held on 19-20 January in London.
"The United Kingdom is an important market for Vattenfall, with a lot of growth options," Løseth says.
In 2010, Vattenfall inaugurated the world's largest offshore wind farm, Thanet, off the British East coast. Currently the company is developing seven onshore wind farms in the North of the U.K. and is building Ormonde Offshore Wind Farm in the Irish Sea. Together with ScottishPower Renewables, Vattenfall has been awarded rights to develop up to 7,200 MW of wind capacity off the coast of East Anglia.
Lord Green, British Minister of State for Trade and Investment, says: “Vattenfall's plans to expand in the UK come at a time when the Prime Minister has emphasised his determination to work more closely with our Nordic and Baltic partners. It is a big boost, not only for Vattenfall itself, but also for the trade relationships between our countries. This investment is also a sign of confidence in our growing economy and our efforts to keep the U.K. the easiest place to set up and run a business in Europe.”
The Nordic-Baltic Summit, hosted by the British Prime Minister David Cameron, involves heads of government, business leaders and policy experts from nine countries: the U.K., Sweden, Denmark, Finland, Norway, Iceland, Estonia, Latvia and Lithuania.