Thursday, December 8 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Vattenfall to sell Dutch power plant Magnum to RWE

    June 2, 2022 - Cision


      Vattenfall and RWE have agreed that RWE will take over the Magnum gas-fired power station in the Dutch Eemshaven from Vattenfall as of 30 September 2022. The proceeds from the sale of EUR 500 million will give Vattenfall more resources to invest in the energy transition, for example in fossil free energy projects such as offshore wind and district heating and cooling.

      Alexander van Ofwegen, Head of Vattenfall's Dutch Heat operations and CFO Vattenfall in the Netherlands: "In RWE we have found an expert and experienced buyer in the energy field with a clear role for the Magnum plant in the future. This gives employees security and the opportunity to further develop themselves and the power plant. Magnum is a profitable and state-of-the-art gas-fired plant with an important role in the security of supply in the Netherlands.

      "At the heart of Vattenfall's Heat operations is however the district heating and cooling business where Vattenfall is focusing on decarbonising the heat supply to their customers as part of the gas phase out in the Netherlands. The proceeds from the transaction give Vattenfall more resources to invest in the energy transition, such as offshore wind and district heating and cooling," says Alexander van Ofwegen.

      The Magnum gas-fired electricity plant consists of three so-called combined cycle gas turbines, which together have a total capacity of 1,410 MW. Magnum is 'hydrogen-ready' and can be made technically suitable to run partly or even completely on hydrogen. Modern, highly flexible gas-fired power plants that can be converted to hydrogen play an important role in the energy transition. They are needed as backup capacity when wind and solar power are not sufficiently available.

      The agreement also includes a solar park with a capacity of 5.6 MW. The solar park with around 18,000 solar panels is located on the terrain of the Magnum plant.

      According to the agreement with RWE, all Magnum employees will be transferred to the new owner and preparations will be made for a smooth transition of employees and operational matters to the new owner in the coming months. The deal is subject to the advice of the workers council.

      For more information, contact:

      Vattenfall's Press Office, tel.: +46 8 739 50 10,,c3578652


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.