Vattenfall earmarks €100 million for new solar projects

Facebook
Twitter
LinkedIn
Reddit
Email

Vattenfall has announced plans to invest up to €100 million (US$123.2 million) in developing solar plants over the next two years.

That investment will predominantly be made into utility-scale plants where existing infrastructure can be used to reduce costs, however the Swedish state-owned utility also wants to provide small-scale solar generation for private and business customers.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Of particular interest to Vattenfall is the potential co-location of new solar projects alongside existing wind farms. In 2016 the firm completed a 5MW ground-mount solar farm at the site of its Parc Cynog wind project in Wales with the two generators sharing a single grid connection.

Late last year Vattenfall deemed the pilot scheme an overwhelming success, triggering the company to investigate further applications of such hybrid installs.

Magnus Hall, president and CEO at Vattenfall, described solar as an “important supplement” to wind generators.

“We are now increasing the investment budget for solar power to satisfy our customers’ increased interest and demand. From electricity consumers, who can obtain electricity from our future solar farms, but also from potential customers, who want to both consume and generate electricity from solar power,” he said.

The company noted that it had recently approved investment decisions for three similarly co-located projects in the Netherlands with a total capacity of around 10.5MW. It has also gained approval for a 40MW project to be co-located with Haringvliet wind farm and construction plans are currently being prepared.

Several other co-located projects are described as being in other stages of planning, and Vattenfall also said it is keeping a watchful eye on regulatory developments in other countries, particularly the next rounds of auctions in Germany.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 10, 2025
German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'
July 10, 2025
US renewables developer Invenergy has launched commercial operations of 250MW Fairbanks Solar Energy Center in Sullivan County, Indiana. 
July 10, 2025
Copenhagen Energy has partnered with Thy-Mors Energi to set up a 100MW PV and BESS project in Ballerum, about 370km from Copenhagen. 
July 9, 2025
Many European countries generated record levels of solar power in the first half of 2025, according to figures from Fraunhofer ISE.
July 8, 2025
Germany could install 500GW of new solar agrivoltaics (agriPV) capacity on its most 'suitable' land, according to Fraunhofer ISE.
July 8, 2025
Bulgarian-headquartered solar engineering company Sunotec has acquired 100% of the project company, SIA DSE Lazas Solar, from Danish Sun Energy. 

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK