KPMG Deal Advisory M&A and Transaction Services team advised Vattenfall Europe New Energy GmbH on the sale of its last remaining German waste-to-energy plant in Rostock to Danpower GmbH, a subsidiary of enercity AG
A joint KPMG Deal Advisory M&A and Transaction Services team advised Vattenfall Europe New Energy GmbH (“Vattenfall”) on the sale of its last remaining German waste-to-energy plant in Rostock to Danpower GmbH (“Danpower”), a subsidiary of enercity AG (“enercity”).
Over the past years, KPMG has supported Vattenfall on numerous M&A transactions in reshaping its generation portfolio. With the divestment of the Rostock facility, Vattenfall will focus its power generation fleet in Germany on wind, solar and hydropower assets.
The SPA was signed at the end of August 2025 and the transaction completed on 1 October 2025.
About Vattenfall
Vattenfall is a European utility that has been driving industrial electrification and supplying energy to households for more than 100 years with a clear roadmap to achieve net-zero targets by 2040. The company employs around 21,000 people, serves approximately 14 million customers and operates primarily in Sweden, Germany, the Netherlands, Denmark, and the United Kingdom. Vattenfall is wholly owned by the Swedish state.
About Danpower
Danpower, headquartered in Potsdam, is a 100% subsidiary of enercity, one of Germany’s largest municipal utilities based in Hannover. The group supplies more than 120,000 households, public institutions, commercial and industrial clients with heat, cooling, power, and wood pellets in more than 150 municipalities across Germany. Danpower is key to enercity’s nationwide heat transition strategy, leveraging a renewable and climate-friendly energy mix including biomass, geothermal energy, large scale heat pumps, power-to-heat technologies, as well as sludge and waste-to-energy plants.
By acquiring the Rostock waste-to-energy plant, Danpower further expands its generation portfolio and regional footprint, underlining its strategic ambition to support Germany’s decarbonization and heat transition goals.
About Corporate Finance at KPMG
With more than 2,300 professionals in over 80 countries and with offices in major financial hubs such as Berlin, Frankfurt, Paris, London, Zurich, New York, San Francisco, Los Angeles, Toronto, Singapore, Hong Kong, Shanghai, Beijing, Tokyo and Sydney, KPMG’s M&A network includes more corporate finance experts than any other global investment banking network. It also covers the largest number of countries, enabling extensive industry reach and C-Suite access. With over 3,000 deals closed since 2014, KPMG is one of the leading and most active international MidCap M&A advisors and consistently ranks top 3 by number of deals globally.