Vattenfall has signed an agreement to divest its Independent Distribution Network Operator (IDNO) business in the UK, Vattenfall Networks, to Eclipse Power Networks, owned by the Octopus Sky Fund.

Since being established in 2018, Vattenfall IDNO has grown and in 2024 a total of 20 projects were energised, marking the highest number achieved within a single calendar year. In addition, Vattenfall IDNO also signed a number of new contracts and entered into cooperation with customers from the waste management, renewable energy, AI infrastructure, and heavy industry sectors during the last year.

The sale is expected to be concluded by the end of 2025. Vattenfall’s other UK operations, including onshore and offshore wind, energy trading, and district heating, continue as normal.

Annika Viklund, senior VP and head of business area distribution at Vattenfall, said: “Today’s agreement ensures the Independent Distribution Network Operator business can continue to grow and play an important role in further electrification. Vattenfall’s IDNO business has performed extremely well since entering the UK market, which is a testament to the focus and dedication of our colleagues. I want to thank them for all they’ve done and wish them the best as they carry on their good work.”

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