Sydkraft AB is a power company headquartered in
Malmö
Malmö is the List of urban areas in Sweden by population, third-largest city in Sweden, after Stockholm and Gothenburg, and the List of urban areas in the Nordic countries, sixth-largest city in Nordic countries, the Nordic region. Located on ...
, Sweden. It is a subsidiary of the international energy group
Uniper
Uniper SE is a German multinational energy company based in Düsseldorf, Germany, which has been a state-owned enterprise since late 2022. It is one of the biggest energy companies by revenue in Europe. The name of the company is a portmanteau o ...
for operations in Sweden. The company is engaged in the generation of thermal, nuclear, and hydro power. The history of Sydkraft reaches back to 1906; however, the current company was created as a result of the split of Uniper from another international energy group
E.ON
E.ON SE is a European multinational electric utility company based in Essen, Germany. It operates as one of the world's largest investor-owned electric utility service providers. The name originates from the Latin word '' aeon'', derived from ...
.
History
Sydkraft was founded in 1906 as Sydsvenska Kraftaktiebolaget with August Schmitz as CEO. Originally, the company was producer of hydroelectricity. In 1915, in cooperation with the Swedish and Danish electricity grids, Sydsvenska Kraftaktiebolaget participated in the construction of ''Öresundskabeln'', the first electricity interconnection between Sweden and Denmark.
In the 1970s, the company moved into production of nuclear power. In 1971, the
Oskarshamn Nuclear Power Plant
The Oskarshamn Nuclear Power Plant is one of three active nuclear power stations in Sweden. The plant is about north of Oskarshamn, directly at the Kalmarsund at the Baltic Sea coast and with one active reactor, producing about 10% of the elec ...
was commissioned, with Sydsvenska Kraftaktiebolaget as major shareholder. In 1977, the company changed its changed name to Sydkraft.
The majority shareholding in Sydkraft AB was acquired in 2001 by
E.ON
E.ON SE is a European multinational electric utility company based in Essen, Germany. It operates as one of the world's largest investor-owned electric utility service providers. The name originates from the Latin word '' aeon'', derived from ...
in a deal valued at US$6.5 billion. In 2004, Sydkraft bought the Swedish energy company Graninge. On 16 September 2005, Sydkraft AB changed its corporate name to E.ON Sverige.
[
] In 2006, E.ON Sverige sold its
broadband network to
Tele2.
On 24 July 2008, Statkraft AS and E.ON AG signed a final agreement on asset swap, according to which E.ON acquired Statkraft's 44.6% of shares in E.ON Sverige by exchange of assets worth of €4.5 billion.
[
] After split of Uniper from E.ON, E.ON Sverige's thermal, nuclear and hydro power generation was given to Uniper while renewable energy (except hydro), services, distribution, and retail sale remained in E.ON Sverige. Uniper readopted the name Sydkraft for its operations in Sweden.
Operations
Sydkraft AB is involved in the generation of thermal, nuclear and hydro power through its subsidiaries. Its wholly owned subsidiaries are Sydkraft Nuclear Power AB, Sydkraft Hydro Power AB, Sydkraft Thermal Power AB, and Barsebäck Kraft AB. It also owns majority stake in
OKG AB.
See also
*
Vattenfall
Vattenfall is a Swedish multinational corporation, multinational electrical power industry, power company owned by the List of government enterprises of Sweden, Swedish state. Beyond Sweden, the company generates power in Denmark, Finland, Germa ...
*
Anders Björgerd
References
{{Authority control
E.ON
Electric power companies of Sweden
Uniper
Nuclear power companies of Sweden
Electricity retailers in Sweden
Companies based in Malmö
Companies related to the Engwall family