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MarketScreener Homepage  >  Equities  >  Xetra  >  EnBW Energie Baden-Württemberg AG    EBK   DE0005220008

ENBW ENERGIE BADEN-WÜRTTEMBERG AG

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Enbw Energie Baden Wuerttemberg : chief hails progress at Hohe See, Albatros

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05/09/2019 | 08:58am EDT

EnBW said its 609MW Hohe See and Albatros offshore wind complex in the German North Sea was on track for completion before the end of the year.

The German utility's chief executive Frank Mastiaux offered the update in speech notes for the company's annual general meeting, being held today in Karlsruhe.

Fred Olsen Windcarrier jack-ups Brave Tern and Blue Tern started installing the project's 87 7MW Siemens Gamesa turbines last month.

Mastiaux also said that EnBW had a further 800MW of solar PV projects in the pipeline, including a 175MW development in Brandenburg state being delivered without subsidies.

"Expansion of renewables is a strategic priority for EnBW," Mastiaux said.

The company also recently acquired French wind and solar group Valeco and has been snapping up onshore wind farms in countries such as Sweden.

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (EUR)
Sales 2017 -
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Net income 2017 -
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Capitalization 10 455 M
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Last Close Price 38,60  
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Managers
NameTitle
Frank Mastiaux Chief Executive Officer
Lutz Peter Feldmann Chairman-Supervisory Board
Thomas Andreas Kusterer Chief Financial Officer
Hans-Josef Zimmer Chief Technical Officer
Dietrich Herd Deputy Chairman-Supervisory Board
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ENBW ENERGIE BADEN-WÜRTTEMBERG AG32.19%11 646
NATIONAL GRID PLC17.77%40 322
ENGIE19.36%40 159
SEMPRA ENERGY35.16%40 148
ORSTED AS43.36%39 001
ELECTRICITÉ DE FRANCE-32.81%31 474