Swedish-German utility group Vattenfall’s trading arm, VTS, has established a Dutch office to bring together renewable energy trading across Europe.
VTS said January 22 its office at Hoofddorp, near Amsterdam, integrates existing Vattenfall sales operations in the Netherlands.
The main target client group is Nordic and continental companies wishing to trade certificates called guarantees of origin (GoO), which entitle holders to turn conventionally produced electricity into a renewable portfolio, the company said.
“Our counterparties include other energy companies as well as large industrial customers and political institutions,” said Managing Director IJsbrand Schouten of Vattenfall Nederland.
The Dutch office also will market and develop other renewable products such as green certificates, which are marketable documents issued by producers of power from hydro, solar, and wind resources. But Hamburg-based VTS continues to trade European carbon emissions rights, along with electricity and fuels.