New wind farm investment of over one billion Euros
Forcefully investing in renewable energy, Vattenfall has now entered into the DanTysk project for the construction of an offshore wind farm in the North Sea. The wind farm will produce renewable energy equivalent to the electricity consumption of 500,000 households.The project is among the biggest ones in offshore wind power and implemented as a joint venture by Vattenfall and Stadtwerke München (SWM). The total investment is estimated to more than one billion Euros. In the joint venture DanTysk Offshore Wind GmbH, Vattenfall has 51 percent and SWM 49 percent of the shares. Vattenfall