The Swedish state-owned power group Vattenfall has released its 2025 results, posting net sales of SEK235bn (EUR22bn, -4%) and a profit of SEK20bn (EUR1.8bn, -41%) (Vattenfall press release, 05/02/2026). The company generated 102 TWh (+2%), with 39% of nuclear (+5%), 36% of hydro (+6%), 17% of wind (stable) and 7% of fossil (-22%), and sold 165 TWh of electricity (+3%), including 117 TWh of customer sales (+1%), 65 TWh of gas (+12%) and 4.5 TWh of heat (-51%). The share of carbon-free generation in the company’s power mix increased from 91% in 2024 to 93% in 2025.
Vattenfall plans to invest a total of SEK65bn (EUR6bn) between 2026 and 2030, with 56% of this amount for growth projects. Key projects include the offshore wind power project Nordlicht (1.6 GW) in Germany, for which the company made a final investment decision in 2025, and the Zeevonk wind power project in the Netherlands which combines wind, solar and hydrogen. Vattenfall also expects to spend SEK47bn (EUR4bn) over the 2026-2030 period to strengthen and expand the Swedish electricity grid.
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