New financial targets reflect renewables increase strategy and lower risk
An extraordinary general meeting on Tuesday decided on new financial targets for Vattenfall, including a change in Vattenfall’s profitability target.The review is a result of a change in market conditions as the renewable energy market has matured considerably. This has resulted in lower risks and in turn a lower and more stable financial return. "The new targets are an adjustment reflecting the reality we live in. Looking at new assets in which we will invest in the future, mostly renewables, returns are lower than in the past. As such, the goals reflect our strategy of continuously