ENBW ENERGIE BADEN-WÜRTTEMBERG AG Investor Update 2021 »
April 2021
Climate neutrality by 2035 is key principle behind our strategic business activities
Reduction of CO | 2 emissions to net zero1 | Expand renewable energies | ||||||||
2018 | ||||||||||
Base year: 553 g / kWh | 2020 | 2025 | ||||||||
2025 | -15%to -30% | 39% | >50% | |||||||
2030 | -50% | Renewable energies | Thermal power plants | ||
2035 | -100% |
1 EnBW's climate neutrality target relates to own emissions (Scope 1 and 2). Target relates to CO2eq (CO2, CH4, N2O and SF6). Base year 2018. Includes some offsetting of remaining residual emissions by purchase of recognised offsetting certificates.
2 | Investor Update 2021 |
EnBW 2025 Strategy - Growth with focus on infrastructure
Adj. EBITDA growth
in € bn
€ 3.2 bn
2.8 | 0.6 | |
Sales | 0.3 | |
Grids | 1.3 | 1.3 |
Renewable | 0.8 | |
Energies | 1.3 | |
Generation | 0.4 | |
& Trading | ||
2020 | Target 2025 |
Smart infrastructure for customers
System-critical infrastructure
Sustainable generation infrastructure
Investment volume 2021-2025
in € bn
80% growth
~2
~ 4
- ~12 bn
- 6
KPI to manage financial profile Debt repayment potential2 >12%
2 RCF / net debt; regularly reviewed in line with the requirements of the rating agencies to maintain a solid investment grade rating
3 | Investor Update 2021 |
Sustainable generation infrastructure
Expansion of renewable energies is major driver
2020
39%
of genration
Renewablescapacity
Targets 2025
- Share of generation capacity > 50%
- Wind onshore and offshore 4 GW
- Solar 1.2 GW
Conventionals
Coal exit 2035
-
Lignite and hard coal 35% of generation capacity and
23% of generation volume (2020)
Nuclear exit 2022
- 10% of generation capacity (2020)
Reserve power plants
- 1.7 GW1 until 2023
Fuel switch where possible
- Stakeholder dialogue for several hard coal sites planned
2020
61%
of genration
capacity
Trading
› 2021 generation position
fully hedged one year in advance
Strategic dimensions
› Regional expansion into CWE and Nordics
› Extension of product range e.g. LNG2 | |
› | Two PPA3 over 15 years with |
Energiekontor in 2019 and 2021 | |
› | Smart & digital trading strategies |
InvestorUpdate2021 |
1 Not included in EnBW's generation portfolio, 2 LNG: liquified natural gas, 3 PPA: Power Purchase Agreement
4 |
Sustainable generation infrastructure
Renewable Energies are core of our energy transition strategy
Offshore wind
- 1 GW in operation
- 2.4 GW secured pipeline (He Dreiht & UK)
- Project development in UK, US & Taiwan
Onshore wind
- 1 GW in operation
- 2.2 GW secured pipeline and under construction
- Project development in Germany, France & Sweden
Solar
- 0.3 GW in operation
- 0.8 GW secured pipeline and under construction
- Project development in Germany & France
Latest project news
Offshore wind UK
- EnBW and bp awarded 3 GW in 2021
- Most attractive areas in the auction
› Expected FID 2026/ start of COD 2028
Solar Germany
- 187 MW Weesow-Wilmersdorf connected to grid
- 300 MW (2*150 MW) under construction in north-east Germany
FID: Final Investment Decision | COD: Commercial Operation Date |
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EnBW - Energie Baden-Württemberg AG published this content on 12 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2021 06:02:11 UTC.
