Vattenfall – which plans to build 2.3GW of wind capacity by 2020 as it pivots towards clean energy – said persistently low power prices and the challenges facing its nuclear fleet were among the factors weighing on the state-controlled business.
Even Vattenfall’s hydro business – which CEO Magnus Hall called the “foundation of our long-term power generation” – is coming under pressure from a combination of low prices and high taxes, the company said.
The
