Vattenfall to sell Dutch power plant Magnum to RWE
Vattenfall and RWE have agreed that RWE will take over the Magnum gas-fired power station in the Dutch Eemshaven from Vattenfall as of 30 September 2022. The proceeds from the sale of EUR 500 million will give Vattenfall more resources to invest in the energy transition, for example in fossil free energy projects such as offshore wind and district heating and cooling.Alexander van Ofwegen, Head of Vattenfall’s Dutch Heat operations and CFO Vattenfall in the Netherlands: “In RWE we have found an expert and experienced buyer in the energy field with a clear role for the Magnum plant in the