Vattenfall
Summary
After Vattenfall announced in May 2022 that it would strategically review its Berlin heat business, Vattenfall Wärme Berlin AG, a thorough process has been conducted with a number of parties involved. Today Vattenfall and the State of Berlin have agreed to make the ongoing negotiations about the potential transaction exclusive
Vattenfall’s heat business in Berlin employs about 1,700 people and supplies hot water and warm heating to about 1.4 million residential units. It owns and operates 10 combined heat and power plants (CHP) as well 105 small block-type thermal power plants and various other facilities. The heat network has a total length of over 2,000 km. In the wake of the energy crisis and heat law discussions in Germany, the demand for district heating connections in Berlin has recently risen by around 70 percent compared to previous years.
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