Sweden’s Vattenfall has split its wind power business into three units covering offshore, onshore and photovoltaic and battery storage.

The company said the move commenced on July 1st, stating “The changes will enable and support further growth both in terms of projects and people.”
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Vattenfall head of wind Gunnar Groebler said: “An important new pillar of Vattenfall’s renewable strategy is the formation of the business unit photovoltaics and battery.

In the next two years Vattenfall plans to invest up to €150m in in large scale as well as decentralized PV and battery projects.

“With the creation of a lean business model with product lines in order to create dedicated end-to-end-processes and business that can respond to different markets, we take the logical next step to fulfil our ambitious targets.”