N.V. Nuon Energy

N. V. Nuon Energy
Public (Naamloze Vennootschap)
Industry Utility
Headquarters Amsterdam, Netherlands
Area served
 Netherlands
Key people
 Peter Smink (CEO Nuon) Magnus Hall (CEO Vattenfall) Ingrid Bonde (CFO) Claes Wallnér (CIO)
Products Electrical power
Natural gas
Heat
Number of employees
 6,000[1]
Parent Vattenfall
Website www.nuon.com

N.V. Nuon Energy is a utility company that provides electricity, gas, and heat in the Netherlands, Belgium, and the United Kingdom.[1] It belongs to the group of Vattenfall.[2]

History

Beginning with its formation from 1995-1999, Nuon was formed with the merger of several smaller regional companies operating in the Netherlands. The yellow and purple logo and car design was also introduced during this time. The period between 2000 and 2003 brought a more complete integration between the companies, expansion into other countries, including Germany, an agreement between Nuon and Natuurmonumenten to encourage sustainable energy throughout the Netherlands, and participation in the 2001 World Solar Challenge. In 2004, the company also entered the Belgian market, acquired and integrated Reliant Energy Netherlands, ceased investing in activities which were not directly related to energy, and put an emphasis on streamlining operation processes.[3] In 2000, it incorporated Nuon Renewables (now Vattenfall United Kingdom) in the United Kingdom.

In 2009, Vattenfall acquired 49% stake in Nuon and will increase its stake up to 100% by 2014 at a total cost of 89 billion Swedish kronor. Vattenfall later devaluated it by 50 billion kronor.[4] Its subsidiary Nuon Renewables was separated and became an independent company in the Vattefall Group. Its German subsidiary Nuon Deutschland GmbH was sold to ENERVIE AG in 2010 and its Belgian subsidiaries Nuon Belgium and Nuon Power Generation Walloon were sold to Eni for €157 million in 2012.[5][6]

Operations

Nuon produces, sells and delivers electricity, gas, heat and additional services. The company is active in the Netherlands, Belgium and Germany and has more than 2.7 million customers. With over 10,000 employees in 2005 it achieved a net turnover of €5 billion.

Ownership

64% of Nuon's shares belongs to Vattenfall. Other major shareholders are the provinces of Gelderland and Noord-Holland, Amsterdam and B.V. Houdstermaatschappij Falcon of Friesland. The other shareholders are around 65 smaller towns and the province of Flevoland.

Carbon intensity

Year Production (TWh) Emission (Gt CO2) kg CO2/MWh
2004 18 14.7 837
2005 19 15 799
2006 16 13.9 849
2007 14 11.7 851
2008 17 14.9 856

References

  1. 1 2 "Profile". Nuon. Retrieved 23 August 2010.
  2. ↑ "Nuon and Vattenfall join forces to create a leading European energy company" (Press release). Vattenfall. 2009-02-23. Retrieved 2009-02-23.
  3. ↑ Nuon Renewables. "History". Retrieved 16 April 2011.
  4. ↑ "Vattenfalls Nuon budar på vindkraftparker". Ny Teknik. Retrieved 14 May 2016.
  5. ↑ "Vattenfall finalises sale of Nuon Germany" (Press release). Nuon. 2010-03-19. Retrieved 2009-02-23.
  6. ↑ "Vattenfall completes sale of Belgian operations to ENI". Energy Efficiency News. 2012-01-11. Retrieved 2012-10-20.


This article is issued from Wikipedia - version of the 5/14/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.