Vattenfall to set up new wind business unit as part of re-jig

Swedish utility Vattenfall is creating a dedicated wind business unit as part of an overall reorganisation of the company.

It is one of six units Vattenfall has announced will be created in order to deal with what the company referred to as a ‘challenging business environment’, the other units being heat, customers and solutions, distribution, power generation and markets. The utility was previously organised on a regional basis.

The new wind unit will work across geographies including the UK, Germany, Netherlands, Denmark and Sweden. It will start work in April and cover onshore and offshore wind energy.

Re-News reports that no new job losses are associated with the move and savings targets will remain as already announced.

Vattenfall will develop a detailed strategy for each unit, driven by a new executive management team that includes head of wind Gunnar Groebler.

Chief executive Magnus Hall said, "To focus our efforts it is imperative to make choices going forward.

"The first step is to lay out our general strategic direction and to me some things are obvious: we must defend our position as a European company, we should develop our offerings for customers to become sustainable, and we will be an electricity producer that concentrates on emission-free or emission-efficient solutions," he said.

"The (six) business areas will be empowered with refining the strategy and incorporating it into plans and actions. Focus will be on actual business as well as on cross-border synergies.”

The re-organisation does not have any impact on the company's decision to sell its lignite power plants in Germany.


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