Vattenfall to spend $3.19bn on ‘growth investments‘ with focus on renewables

Swedish utility Vattenfall in the coming two years plans to make growth investments of SKr28bn ($3.19bn), most of which will be spent on renewable energy production, the Swedish utility said in its 2016 annual and sustainable report.

“A more sustainable energy system is currently being created as the electricity market continues its shift towards fossil-free generation,” Vattenfall chief executive Magnus Hall said.