Swedish state-owned utility is planning to sell its German coal-fired power plant assets.

The company has come in for criticism for the move as it is being suggested that the sale involves meeting its emission targets without tackling pollution.
Vattenfall
Vattenfall’s German portfolio, to be sold, includes Jaenschwalde, Europe’s fourth biggest CO2 emitter, along with two other significant coal-fired power plants and five open-cut mines.

On Thursday, the company released a statement that said: “The board of directors has decided that Vattenfall will explore options for creating a sustainable, new ownership structure for the lignite operations.”


A company spokesman said. “This wouldn’t solve any CO2 problems in the whole, but it would for Vattenfall.”

The spokesman added that shutting down the operations was “not an option” because Germany’s large renewable energy sector was underpinned by coal power when wind and solar production slackened.