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

ENBW ENERGIE BADEN-WÜRTTEMBERG AG

(EBK)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 07/16 08:37:22 am
48.9 EUR   +0.20%
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Government to double support for hard-coal plant retrofits - sources

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06/18/2020 | 08:01am EDT
The moon rises as electricians work atop a power pole near the lignite power plant of Neurath of German energy supplier and utility RWE, near Rommerskirchen

Germany is planning to more than double incentives to retrofit hardcoal-fired power plants, coalition sources told Reuters on Thursday, as part of the country's effort to cut pollution.

Coal plants which are no older than a decade will become eligible for a subsidy of 390 euros ($438) per kilowatt of installed capacity if they switch to gas or biomass, the sources said, which would be more than twice the 180 euros envisaged in the original law draft.

That support will then drop by 10-20 euros a year, they added.

Germany, whose coal plant operators include RWE, Uniper and EnBW, has decided to completely abandon coal as a source of energy by 2038.

(Reporting by Markus Wacket; Writing by Christoph Steitz)

Stocks mentioned in the article
ChangeLast1st jan.
ENBW ENERGIE BADEN-WÜRTTEMBERG AG 0.82% 49.2 Delayed Quote.-3.37%
RWE AG 0.63% 32.15 Delayed Quote.16.86%
UNIPER SE -0.59% 30.2 Delayed Quote.3.02%
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Financials
Sales 2019 18 913 M 21 642 M 21 642 M
Net income 2019 734 M 840 M 840 M
Net Debt 2019 7 078 M 8 099 M 8 099 M
P/E ratio 2019 18,6x
Yield 2019 1,39%
Capitalization 13 218 M 15 065 M 15 125 M
EV / Sales 2018 0,57x
EV / Sales 2019 1,10x
Nbr of Employees 22 145
Free-Float 0,37%
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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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