annual-and-sustainability-report-2014

malkyl

annual-and-sustainability-report-2014

Developments during the year | Sustainable productionVattenfall’s energy production in 2014Vattenfall’s electricity generation in Europe 2014, TWhSweden 81.7 Finland 0.3Biomass, waste 0.2 Hydro power 0.3Wind power 0.7Nuclear power 49.9Hydro power 30.9Denmark 5.0Biomass, waste 0.3UK 1.8Wind power 1.0Wind power 1.8Fossil-based power 3.7Netherlands 13,7Wind power 0.5Fossil-based power 13.1Hydro power 0.1Germany 70.4Biomass, waste 1.5Fossil-based power 65.9Hydro power 3.0In November Vattenfall decided to put its study into replacementre actors in Sweden on hold pending discussions with the new government.In Germany only one of the company’s three partly owned nuclearpower plants is in commercial operation. The Krümmel and Brunsbüttelnuclear power plant have been taken out of operation as a result ofthe German government’s decision on the early decommissioning ofnuclear power in Germany. Read more about the decommissioning ofnuclear power and radioactive waste on page 41.Fossil-based powerFossil-based power production decreased by 5.2 TWh to 82.7 TWh(87.9), which is mainly explained by the sale of the Amager CHPpower station in Denmark, and by lower production at CHPs due towarmer weather in 2014.In autumn 2014 Vattenfall began looking into the prospects fordivesting its entire lignite operation in Germany, which is a preconditionfor being able to reach the target of reducing the company’s CO 2exposure to 65 million tonnes by 2020. Read more on page 35. Thedeteriorated market conditions – with lower margins for gas-fired production– led to a decision to put only one of three units at the gasfiredMagnum power plant (1,311 MW) in Eemshaven, the Netherlands,into full commercial operation at the start of 2014.Biomass, wasteWind powerNuclear powerFossil-based powerHydro powerVattenfall is one of Europe’s largest producers of electricityand heat. Vattenfall’s main products are electricity, heatand gas. Electricity generation amounted to 172.9 TWh in2014, a decrease of 5% compared with 2013.Wind powerWind power generation increased by 0.2 TWh to 4.1 TWh (3.9) in2014, mainly owing to higher wind power generation in the Nordiccountries.In May the Hjuleberg wind farm was inaugurated, which isVattenfall’s largest onshore wind farm in southern Sweden. In Germany,the DanTysk offshore wind farm began delivering electricityin December. During the year, Vattenfall increased its investmentsin new wind power. These amounted to a total of SEK 6.5 billionand thus accounted for Vattenfall’s single largest investment itemin 2014.Hydro powerHydro power generation decreased by 1.3 TWh in 2014, to 34.3 TWh(35.6). Reservoir levels 1 in Nordic reservoirs were 56.0% (67.6%) ofcapacity at year-end 2014, which is 1 percentage point below thenormal level.Modernisation and upgrading work is being conducted at existinghydro power plants to increase their level of efficiency. In addition,Vattenfall is conducting an extensive dam safety programme.Nuclear powerNuclear power generation decreased by 2.0 TWh to 49.9 TWh (51.9)as a result of more unplanned outage days in 2014 compared with2013. Combined availability for Vattenfall’s Swedish nuclear powerplants was 82.8% (86.3%). Forsmark had availability of 88.9% (89.5%)and generation of 25.3 TWh (25.2). Ringhals had availability of 77.3%(83.4%) and generation of 24.6 TWh (26.7).Biomass and wasteElectricity generation from biomass and waste decreased to 2.0 TW(2.4) in 2014, mainly owing to lower demand due to warmer weather.Electricity generationTWh 2014 2013 Change, %Electricity generation, total 172.9 181.7 -4.8of which, hydro 34.3 35.6 -3.7of which, nuclear 49.9 51.9 -3.9of which, fossil-based 82.7 87.9 -5.9- lignite 55.4 57.2 -3.1- hard coal 13.9 15.6 -10.9- gas 12.9 14.7 -12.2- oil 0.5 0.4 25.0of which, wind power 4.1 3.9 5.1of which, biomass, waste 2.0 2.4 -16.71) Reservoir level refers to the volume of water stored in a reservoir at a specific point in timeand used for generation of hydro power. Reservoir levels vary during the year, depending onthe amount of precipitation.34 Vattenfall Annual and sustainability report 2014

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