Vattenfall plans to stick with German lignite exit despite upheaval

State-owned Swedish utility Vattenfall wants to stick to a recent plan to sell its vast lignite activities in Germany – despite the collapse of Sweden's current minority government that had made clear that it wants the company to get rid of the polluting assets – chief executive Magnus Hall said in Berlin, in comments confirmed with the company by Recharge.

Swedish Prime Minister Stefan Löfven last week said he will call snap elections in March after his government wasn't able to push its 2015 budget through parliament.

After forming a feeble minority government following inconclusive elections in September, the coalition between Social-Democrats and Greens in Stockholm had announced a turnaround in Swedish energy policy with the aim to reach a supply 100% based on renewables, and told Vattenfall that it wishes the company to cease its lignite business in Germany.

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Vattenfall plans to stick with German lignite exit despite upheaval