1. EnBW plans to invest €40 billion in energy transition by 2030, focusing on grid expansion and renewables.
2. The company’s CEO stresses the importance of financial success to fund these investments and enable the energy transition.
3. EnBW is developing hydrogen-ready power plants, products, and solutions for climate neutrality, while also calling for a stable energy policy framework and clear conditions for investment.
Germany’s EnBW plans to invest about €40 billion ($43 billion) in the energy transition by 2030, with a focus on grid expansion and renewable energies. This announcement was made during the company’s annual general meeting, with the new CEO Georg Stamatelopoulos calling it the largest investment program in their history. The company aims to cover all stages of the value chain in the energy sector to better capitalize on opportunities and balance risks.
Stamatelopoulos highlighted the importance of financial success to make these investments possible and emphasized that the success of the energy transition is in everyone’s interest. He also stressed the need for a stable energy policy framework and clear conditions for investment to ensure long-term financing of the investment funding. EnBW is planning for hydrogen-ready power plants and developing products for customers that lead toward climate neutrality.
EnBW’s adjusted EBITDA for the year was around €6.4 billion ($6.9 billion), a 60% increase from the previous year, marking the seventh consecutive increase in earnings. The company expects the adjusted EBITDA at the group level to be between €4.6 billion ($5 billion) and €5.2 billion ($5.6 billion) for the current financial year.MethodManager