UPDATED: All of the energy company's brown coal sites in Germany are set to go on sale as the Swedish state-owned firm moves to focus on renewable energy.
Energy giant Vattenfall said on Thursday it had "unwillingly" agreed to sell the electricity grid in Hamburg back to the city, as approved by a referendum last year.
A campaign in Berlin to buy the city's energy network and run it independently from the capital's government failed by a whisker to get enough votes in a referendum on Sunday.
Germany's fourth-biggest electricity provider Vattenfall is coming under increasingly hostile scrutiny in its Swedish homeland - for its poor German environmental record and because it is failing to produce huge profits.
A million fish have used Europe's biggest fish ladder in the Elbe river near Hamburg since it opened in summer 2010 to migrate from the North Sea past a dam and power station to spawning waters upstream.
Private households in Germany will see their electricity prices soar to pay for the switch to renewable energy, while wholesale prices for big consumers would be unchanged, power group Vattenfall said on Tuesday.
Swedish energy giant Vattenfall is reportedly preparing to take the German government to the Washington-based International Centre for Settlement of Investment Disputes over the closure of its nuclear power plants.
German parliamentarians in Berlin sent their employees home on Tuesday after an electricity failure at the Bundestag and surrounding government buildings rendered even many toilets inoperable.
Swedish energy group Vattenfall said on Tuesday it would invest about €1 billion along with Germany's Stadtwerke München (SWM) in a 80-turbine offshore wind farm in the North Sea.
The Swedish energy group Vattenfall said on Friday it will sell its German high-tension power grid to Belgium's Elia and Australian investment fund IFM for €810 million ($1.1 billion).
Two German utilities – Vattenfall and EWE – announced on Wednesday they would dramatically raise electricity prices for their customers starting next year, blaming the higher cost of renewable energy.
To generate electricity, power company Vattenfall burns the dirtiest coal on earth. So far, thousands of people’s homes have been destroyed by mining, and more will follow. Will the company’s new ‘carbon capture’ technology make a difference? Exberliner's <b>Seymour Gris</b> reports.
Swedish energy company Vattenfall will fire up an experimental coal power plant in Brandenburg on Tuesday with the aim of trapping the unwanted carbon dioxide emissions.
Energy giant Vattenfall has been ordered to pay €50 million to its competitors and reduce its network charges, after losing a court battle with German regulators on Thursday.
Unions are threatening prolonged strikes at the Vattenfall headquarters in Berlin due to a conflict over wages. The unions IGBCE, who represents workers in the energy industry, and IG Metall, the industry union of metal workers, are demanding an 8 percent increase in wages, while Vattenfall is insisting on its offer of a 3.2 percent wage and a one time payment of 500 Euros.
