The head of Swedish state-owned utility Vattenfall says he envisages the company’s brand new Moorburg coal-fired power plant in Germany being sold within the next five years.

The plant, which only launched commercial operations last year, is set to go the same way as the rest of Vattenfall’s German coal assets. The company agreed to sell other, loss-making, lignite coal mines and power plants in Germany to Czech investor EPH earlier this year, saying it would become one of the greenest utilities in Europe.
Moorburg coal-fired power plant
Vattenfall Chief Executive Magnus Hall said on Monday he was open to also selling the Moorburg plant near Hamburg, which can generate around 11 terawatt hours annually, to a long-term investor.

“We don’t need to own Moorburg long-term. We can very well imagine other, better owners,” he told Reuters on the sidelines of the company’s capital markets day.

“We are still trimming the plant in so it is not on the table today, but it surely will be in the next five years.”

Hall also told Reuters Vattenfall could be open to phasing out production at its coal-fired power plant in the Netherlands.

“We don’t know exactly how it looks but we are open to such a discussion,” he said.