Go to main navigation Menu Programmes and credit facilities Vattenfall finances its operations and investments through a combination of its own generated cash flow and external funding, mainly in the form of corporate bonds. Senior bonds are issued under a Euro Medium Term Note programme (EUR 10 billion). The programme is unrated but each bond is rated separately by Moody’s (A3) and S&P (BBB+). For short-term funding, Vattenfall has a European Commercial Paper programme (EUR 4 billion) which is rated by Moody’s (“P-2”) and S&P (“A-2”). In addition, Vattenfall has access to an undrawn Revolving Credit Facility (EUR 2 billion) which serves as a general liquidity back-up and ensures financial flexibility. A total of 15 banks, which also comprise Vattenfall’s core bank group, participates in the credit facility. Go to footer Go to main navigation Cookie settings We use cookies to offer you the best possible website experience and for purposes that you can read about under settings. Accept all cookies or customize your settings. You can change your settings at any time. More information can be found in our cookie policy and personal data policy. Necessary Statistics Marketing Personalization Confirm selection Accept all Cookie settings See detailed cookie list

Go to main navigation Menu Investment plan Vattenfall’s investment strategy reflects our goal to enable fossil-free living within one generation. We continue to make substantial growth investments with a clear focus on increasing our renewable production, reducing CO2 emissions in district heating and strengthening our electricity networks. Total investments Total planned net investments for 2021 and 2022 amount to SEK 57 billion. Gross investments amount to SEK 78 billion, where the difference is mainly attributable to partnering assumptions for Hollandse Kust Zuid 1–4 and the Norfolk projects as well as develop-to-sell assumptions for certain wind and solar projects. The figures that follow are all presented net. Go to footer Go to main navigation Cookie settings We use cookies to offer you the best possible website experience and for purposes that you can read about under settings. Accept all cookies or customize your settings. You can change your settings at any time. More information can be found in our cookie policy and personal data policy. Necessary Statistics Marketing Personalization Confirm selection Accept all Cookie settings See detailed cookie list

Go to main navigation Menu Programmes and credit facilities EMTN prospectuses archive EMTN prospectuses from 2003 to 2019. Year 2010-2019 Go to footer Go to main navigation Cookie settings We use cookies to offer you the best possible website experience and for purposes that you can read about under settings. Accept all cookies or customize your settings. You can change your settings at any time. More information can be found in our cookie policy and personal data policy. Necessary Statistics Marketing Personalization Confirm selection Accept all Cookie settings See detailed cookie list