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. 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.