Utility EnBW’s CEO: Coal exit “not a problem for us”
German utility EnBW’s CEO, Frank Mastiaux, said a coal exit decided by Germany’s next government would “not be an existential problem" for the company. In an interview with Greenpeace Magazin, Mastiaux said his company had “already included” a gradual coal exit into its strategy. He said he believed that coal plants were “on target for their politically intended demise". Mastiaux added that EnBW today already earned more with its grid operations than with its conventional energy generation. The company will further expand its renewable capacities, he said. He said Germany’s nuclear exit, despite the “enormous financial burden” it meant, positively forced EnBW to come up with “concrete alternatives for the future".
For background, read the CLEW factsheet When will Germany finally ditch coal?