Municipal company Aalborg Forsyning will acquire the Nordjylland power station for an enterprise value of DKK 823 million consisting of 725 million DKK in cash consideration and takeover of decommissioning obligations and environmental liabilities.
Aalborg Forsyning will take over ownership of the power plant on 31 December 2015. All the existing 112 employees will be transferred into Aalborg Forsyning.
Ingrid Bonde, CFO at Vattenfall, says “With the divestment in Denmark, Vattenfall has completed an important step in its transition from fossil fuels into renewable energies. We are pleased to have reached an agreement with Aalborg Forsyning and are confident that both customers and employees have got a new long term responsible owner. We would like to thank the employees and management for their great effort in the period that Vattenfall has owned Nordjyllandsverket.”
Vattenfall has already divested two combined heat and power plants in Denmark - the Amager power station in 2013 and the Fyn power station in 2014.
Vattenfall is the largest owner and producer of onshore wind power in Denmark. The company has 262 wind turbines in 37 wind farms.
Vattenfall is the majority owner of the offshore wind farm Horns Rev 1 and has also won the concession for the 400MW wind farm Horns Rev 3 off the west coast of Denmark which will be completed by 1 January 2020 at the latest.
Vattenfall’s operations centre in Esbjerg monitors more than 1,000 wind turbines, both onshore and offshore.