trending Market Intelligence /marketintelligence/en/news-insights/trending/opueNMLzElQlY8ogLvm6MA2 content esgSubNav
In This List

Vattenfall brings 5.7-MW solar project online in the Netherlands

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


Vattenfall brings 5.7-MW solar project online in the Netherlands

Vattenfall AB started commercial operations at its 5.7-MW Eemshaven solar project in the Netherlands.

The solar facility was built through the crowdfunding project "Samen in Zon" under which customers, local residents and other interested parties provided the funds, Vattenfall said in a news release March 13. The project is co-located with the 1,311-MW gas-fired Magnum plant in the far northern corner of the Netherlands.

The Sweden-headquartered utility plans to bring online another two solar projects with a combined capacity of 9.2 MW later this year in the Netherlands.

"We use the same cables as the Magnum power station, without compromising the security of supply during installation. The use of the existing equipment leads to synergies that benefit the profitability and we also make smart use of the site of the power plant," Vattenfall's director of large-scale solar and batteries, Margit Deimel, said in the news release.

Additionally, Vattenfall plans to invest about €100 million in large-scale solar projects and batteries in the Netherlands and Germany in 2019 and 2020.