Vattenfall is in the midst of a restructuring after being hit by massive write-downs in the value of its traditional generation business as well as a fall in energy prices.
The utility, which is wholly owned by the Swedish state, was affected by £3billion write-downs on its coal and gas-fired assets in Europe in 2013.
The company faced further woes when it posted a record operating loss for the second quarter of this year as it brought forward plans to shut some of its ageing nuclear power plants.
The firm this year unveiled its “shift to a more sustainable energy portfolio”, launching its wind power division covering on and offshore projects.
It pointed to the success of schemes such as its £60million Clashindarroch windfarm, near Gartly, which opened in June.
Also key to this strategy is the £230million European Offshore Wind Deployment Centre (EOWDC).
The strife-ridden project has faced difficulties after partner Technip, pulled out last year.
Vattenfall was thought to be seeking to sell part or all of its 75% stake in the project, although director Andy Paine yesterday said the group was “not looking” for investors.
He said the firm was on track to make a final investment decision next year and was looking at ways to finance it.
The company maintains it is pressing ahead with the EOWDC, despite Mr Trump saying he would take his fight against it to the European Court of Justice.