Vattenfall sells CHP plants Fynsværket and Odense Kraftvarmeværk A/S
Bech-Bruun assists Vattenfall in its sale of the CHP plants Fynsværket and Odense Kraftvarmeværk A/S to Fjernvarme Fyn.
On 1 April 2015, closing of the transaction took place whereby Fjernvarme Fyn took over the CHP plants Fynsværket and Odense Kraftvarmeværk A/S.
The transfer agreement was signed already in December 2014, but closing of the transaction has been subject to several conditions being fulfilled, including Fjernvarme Fyn being granted a production licence by the Danish Energy Agency and the merger being approved by the Danish competition authorities.
Vattenfall has now divested three of its four power plants in Denmark, including two of its three central power plants. Vattenfall still owns Nordjyllandsværket in Aalborg. In addition, Vattenfall engages in significant activities within, among other things, wind and energy trading in Denmark.
Fjernvarme Fyn owned by the Municipalities of Odense and Nordfyn already distributes district heating to customers in Odense and in other areas of Funen by way of an extensive distribution system, including heating produced by Fynsværket as well as Odense Kraftvarmeværk.
For more information on the transaction, go to corporate.vattenfall.dk (in Danish).