Vattenfall today transferred all shares in Vattenfall Wärme Berlin AG, including the power plants, grids, subsidiaries, employees and shareholdings, to the State of Berlin.

The corresponding contracts were signed in December 2023. The Berlin Parliament approved them in March. The Federal Cartel Office has also granted the necessary merger control clearance in early April. The purchase price amounts to approximately 1.4 billion euros. In order to generate 40 percent of district heating from renewable energy sources by 2030 as planned and to achieve climate neutrality from 2040,…