Denmark is Vattenfall's largest investment area
In an increased investment budget for the coming two years, wind energy's portion grows from 60 to 75 percent. The Swedish utility has already distributed most of the capital.
2018 was not exactly a great year for Swedish utility Vattenfall. Revenue did increase by 16 percent and the bottom line by 11 percent, however, practically all parameters showed decline measured on both the company's underlying business and its strategic 2020 targets. The underlying operating result receded by 14 percent to SEK 19.9 billion (EUR 1.89 billion).
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