October 5 (Solar) – Dutch energy company Nuon announced on Thursday it will change its name to Vattenfall in order to match with that of its Swedish parent Vattenfall AB.
The change will be implemented as part of Vattenfall’s plans to unite its brand in Europe and be more “effective strategically and financially.” Nuon, which was acquired by Vattenfall back in 2009, will gradually cease to operate under that name, while for its Netherlands’ clients the first changes will be seen at the start of 2019.
At present, Vattenfall is active in seven markets, including Sweden, Germany, the Netherlands, Denmark, the UK, Finland and France. Its subsidiaries operate under the Vattenfall name in all of these markets, except for the Netherlands. “We believe that Vattenfall will be more successful under one European name [..],” said president and CEO Magnus Hall.
Nuon produces and supplies power from conventional and renewable power facilities such as wind and solar farms. Earlier this year, it won the tender for the Netherlands’ first zero-subsidy offshore wind farm within the Hollandse Kust Zuid zone.