Vapor escapes from cooling towers at the lignite coal-fired power plant operated by Vattenfall AB, in Janschwalde, Germany, on Thursday, Dec. 4, 2014.
Bloomberg—Bloomberg via Getty Images
By Joanna Plucinska
October 7, 2015

Greenpeace says it is interested in buying the coal-related assets of a major Swedish state-owned utility company in order to shut down its German power plants.

Vattenfall AB has been looking to sell off its four coal-fired plants and coal mines in Germany in a push to become greener and save money because of a recent fall in electricity prices, Bloomberg reports.

Greenpeace says that it will look to pay for the acquisition of the plants and mines through crowdfunding and donations.

“Mostly, we would believe it would be our supporters who would be interested in such an acquisition to save the climate,” Juha Aromaa, a Greenpeace spokesperson, told Bloomberg.

Bloomberg says the environmental organization is now looking to start price negotiations with Vattenfall. According to an analyst at Landesbank Baden-Wuerttemberg, Vattenfall’s plants and mines, which are also located in the Netherlands, Denmark and Finland, are valued at over $2.2 billion.

“All serious bids are welcome,” Vattenfall spokeswoman Sabine Froning told Bloomberg.

[Bloomberg]

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