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| Company type | Aktiengesellschaft |
|---|---|
| FWB: EBK | |
| Industry | Electric utilities |
| Predecessor | Badenwerk Mittelschwäbische Überlandzentrale Neckarwerke Elektrizitätsversorgung Ueberlandwerk Jagstkreis Württembergische Landes-Elektrizitäts-AG  |
| Founded | 1997 (1997) |
| Headquarters | , |
Key people | Dr. Georg Stamatelopoulos(CEO) |
| Products | Electric power |
| Revenue | €56,0 billion (2022) |
| 3,252,100,000 euro (2023) | |
| €1.7 billion (2022)[1] | |
| Total assets | €69.5 billion (2022)[1] |
| Total equity | €12.8 billion (2022)[1] |
Number of employees | 26,980 (2022) |
| Website | www |
EnBW Energie Baden-Württemberg AG, or simplyEnBW, is a publicly-tradedenergy company headquartered inKarlsruhe,Germany.
EnBW came into existence on 1 January 1997 as a result of the merger between two energy companies from Baden-Württemberg, Badenwerk AG and Energie-VersorgungSchwaben AG (EVS).[2] Subsequently, on 1 October 2003, EnBW further merged with Neckarwerke Stuttgart AG.[3]
In March 2012, Frank Mastiaux was appointed as the new CEO of EnBW.[4] At the end of 2012, in response to thenuclear power phase-out and theenergy transition, Mastiaux announced a strategic reorientation.[5] The proportion ofrenewable energy sources in EnBW'senergy mix was to increase from 12% to 40% by 2020.[6] The figure of 40.1% was reached in 2021.[7] Much of this was to be achieved by expanding wind power: with 1,016MW onshore and 975 MW offshore,[8] EnBW is now one of the leadingwind farm developers and operators in Germany.[9]
Between 2020 and 2025, the company plans to invest over €5 billion in the further expansion of renewable energy generation and aims to operate onshore and offshore wind farms with a total capacity of at least 4,000 MW.[10] EnBW's first offshore wind farm –EnBW Baltic 1, comprising 21wind turbines in theBaltic Sea – went into operation in 2011. This was followed in early summer 2015 by the 80-turbineEnBW Baltic 2 offshore wind farm, a stake in which had already been sold toAustralian investment groupMacquarie for €720 million in January 2015.[11] In early 2020, theEnBW Hohe See andAlbatros wind farms with a total of 87 turbines and 609 MW capacity went into operation in theNorth Sea. In 2017, EnBW won bidding for the right to construct its third North Sea wind farm, the 900 MWEnBW He Dreiht, which is unsubsidised and is scheduled for completion in 2025.[12] In January 2019, EnBW acquired seven wind farms inSweden with a total of 51 turbines and an installed capacity of 105 MW.[13]
EnBW also plans to expand its grids business and make various divestments. An important growth market isTurkey, where EnBW's focus is onhydroelectric power stations and wind farms.[14]
In 2017, EnBW began expanding itselectric mobility,photovoltaics anddistributed energy generation activities:
In electric mobility, EnBW has collaborated since March 2017 withTank & Rast, an operator ofservice areas along the Germanautobahn network, to expand the provision ofcharging points for electric vehicles.[15] EnBW provides the EnBW mobility+ app, which combines a charging point locator with payment options and covers Germany,Austria,Switzerland,France,Italy and theNetherlands.[16] According to an independent study byP3,Cirrantic andTheon Data,[17] EnBW has the largest charging network spanning Germany, Austria and Switzerland. In 2020, the company extended its market leadership in fast charging to Austria by entering into a joint venture withSMATRICS called SMATRICS EnBW.[18] In April 2021, EnBW announced plans to open Europe's biggest public fast charging park for electric vehicles by the end of the year.[19]
In photovoltaics and distributed energy generation, EnBW aims to expand photovoltaic generating capacity to 1,200 MWp by 2025, mainly in Germany but also in selected markets elsewhere.[7] In this connection, EnBW is building Germany's largest unsubsidisedsolar farm with an area of 164 hectares inBrandenburg[20] and in March 2018 acquiredSenec, aLeipzig-based manufacturer ofhome solar battery storage systems.[21]
In March 2023, EnBW announced that it intends to end coal usage by 2028.[22]
In August 2023, it was announced EnBW had acquired a 10% equity stake in a renewableammonia production plant developed byNorwegian company Skipavika Green Ammonia (SkiGA).[23]
The EnBW 2025 Strategy includes selective internationalisation of the company's renewable energy activities.[24] EnBW has a presence inDenmark through its subsidiaryConnected Wind Services and in Sweden in the form ofEnBW Sverige. In June 2019, EnBW completed the acquisition ofValeco, France.[25] The company has arenewable energy joint venture in Turkey in partnership withBorusan. EnBW has also opened offices of its own in Taiwan[26] and the United States[27] in order to bid in offshore wind auctions. Early in 2021, EnBW andBP jointly won an auction for rights to develop offshore wind farms in two adjacent areas of theIrish Sea.[28]
In 2023, EnBW sold around a quarter of its high-voltage transmission gridTransnetBW to a savings banks-led consortium for around 1 billion euros ($1.1 billion).[29] Also in 2023, state-ownedKfW acquired a 24.95% minority stake in TransnetBW, firming up its grip on critical energy infrastructure in a bid to speed up the country's energy transition.[30]
EnBW was the main sponsor offootball clubsVfB Stuttgart[31] andKarlsruher SC[32] for several years until 2010 and continues to sponsor both clubs at a lesser level.
The two principal shareholders of EnBW are NECKARPRI-Beteiligungsgesellschaft mbH (itself fully owned by the state of Baden-Württemberg) and Oberschwäbische Elektrizitätswerke (OEW, owned by local municipalities), each of which hold a 46.75% ownership interest.[33]
The Board of Management (Vorstand) of the EnBW holding company consists of Andreas Schell (Chief Executive Officer since 15 November 2022), Colette Rückert-Hennen (Chief Human Resources Officer), Thomas Kusterer (Chief Financial Officer), Dirk Gusewill (Chief Operating Officer Critical Infrastructure) and Georg Stamatelopoulos (Chief Operating Officer Generation).[34]
EnBW has around 5.5 million customers[35] and is the third-largest energy company in Germany.[36] With a workforce of 26,980, EnBW generated revenue of €56,0 billion in 2022.[7]
| Year | Generation portfolio[8] electrical output in MW | CO2 Intensity in g/kWh |
|---|---|---|
| 2018 | 13,387 | 553 |
| 2019 | 13,849 | 419 |
| 2020 | 12,486 | 342 |
| 2021 | 12,722 | 478 |
| 2022 | 13,066 | 491 |
Source:[37]
Source:[38]
Source:[39]
Source:[40]
Wind farms and wind power projects in Baden-Württemberg:
Wind farms in other German states:
Wind farms in other countries:
Source:[41]
Solar farms in operation:
Solar farms in development:
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