Publication of business figures 2024
EnBW Energie Baden-Württemberg AG systematically continued its investment drive to transform and decarbonize the energy system in the past financial year. Now the only large integrated energy company in Germany, EnBW serves all stages of the value chain, from generation and trading to grid operation and the sale of electricity, heating and gas. Renewables now account for close to 59% of installed generation capacity – one year ahead of the strategic target of over 50% by 2025. Integrated portfolio ensures good results and high investment in renewables and grid expansion. The majority of investments went on growth projects such as offshore wind farm and the construction of hydrogen-ready, flexibly dispatchable gas power plants as well as on the expansion of the electricity distribution and transmission grids.
Facts
- Adjusted EBITDA of €4.9 billion in line with expectations
- Investment up 27% to €6.2 billion
- Renewables reach 59% of total generation capacity
- EnBW CEO Georg Stamatelopoulos: “Affordability, climate change mitigation and security of supply must be given equal weight”
In the 2024 financial year, we achieved solid results that will enable us to continue our investment program. We always keep an eye on the overall system, understand every link in the value chain and are involved in almost every aspect of the energy industry. This enables us to react flexibly to market changes and external challenges. The goal is clear: The electricity sector is to be carbon-neutral by 2040, with EnBW making a significant contribution.
The stable earnings are important in order to successfully drive the green transformation of our portfolio. We currently have over 1.5 gigawatts of renewable energy under construction and are investing heavily in the expansion of the transmission and distribution grids – above all in the SuedLink direct current line, which is scheduled to go into operation at the end of 2028.
Recording of the annual press conference
The recording is only available in German
Documents
Press material
Media for download
EnBW charging park Chemnitz, Source: EnBW, Photographer: Endre Dulic
Solar park Gickelfeld in Külsheim, Source: EnBW, Photographer: Paul Gärtner
Onshore wind farm Roth am See, Source: EnBW
Start of construction of offshore wind farm He Dreiht, Source: EnBW, Photographer: Magnus Reinke OIM
Net, Source: Transnet BW
Offshore wind farm He Dreiht, Source: EnBW, Photo: weltenangler
Combined heat and power plant Stuttgart-Münster, Source: EnBW
Pump storage power plant Forbach, Source: EnBW, Photographer: Maxim Neichel
Georg Stamatelopoulos, Source: EnBW / Photographer: Catrin Moritz
Thomas Kusterer, Source: EnBW / Photographer: Catrin Moritz
