Swedish power big Vattenfall introduced Ulrika Ritzén, previously of ABB and Hitachi, as its new head of onshore wind inside its Enterprise Space Wind unit.
Ritzén labored for years at ABB’s Offshore Wind Connections enterprise group overlaying alternating present (AC) and direct present (DC) stations, in addition to reactive energy management techniques and land and subsea cable laying.
Extra not too long ago she was with Hitachi as senior vice chairman of community management.
“What attracted me to affix Vattenfall is what the corporate stands for and its frontrunner place within the power business,” mentioned Ritzén, who assumes her new function 13 November.
“I a lot sit up for contributing to this development in my function as Onshore Wind head.”
The Swedish state-controlled group is a serious participant in European wind power with initiatives throughout the continent.
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Its wind energy division has stumbled of late, seeing considerably decrease earnings resulting from low electrical energy costs that helped push down general income in the course of the third quarter.
Internet gross sales within the wind enterprise dropped to SKr8.08bn ($722m) within the third quarter of this yr, from SKr8.16bn a yr earlier, whereas underlying earnings earlier than curiosity and taxes (Ebit) fell to SKr854m, from SKr5.23bn within the third quarter of 2022.
It has seen setbacks within the UK as nicely, the place it stopped improvement of the 1.4GW Norfolk Boreas undertaking final summer time resulting from inflationary headwinds that raised capex by 40%, the agency mentioned.
Vattenfall mentioned it should “look at one of the best ways ahead” for the remainder of its Norfolk zone, which additionally consists of the same-sized Norfolk Vanguard undertaking and totals some 4.2GW.
The group took a SKr5.5bn ($536m) earnings impairment on offshore wind, it mentioned.
Ritzén “joins at a time that’s characterised by a posh market atmosphere and conflicting pursuits making co-existence needed,” mentioned Helene Biström, head of BA Wind.
“We have to fastidiously navigate in order that we are able to ship on the wanted build-out for onshore wind. I’m assured that Ulrika’s information, drive and character will probably be an necessary contribution to our enterprise and future profitable development”, Biström added.
