Drought and doldrums put strain on energy company EnBW’s business
Low water levels following a prolonged drought in Germany and very modest wind conditions have put a strain on the business of energy company EnBW, which pursues a rigorous strategy of replacing nuclear and fossil power generation capacity with renewables. “A cause of concern for us this year in particular, however, is something we cannot influence: the weather,” CFO Thomas Kusterer said in a press release on the company’s quarterly report.
Find the press release in English here.
See the CLEW dossier Utilities and the energy transition and the factsheet Germany’s largest utilities at a glance for more information.
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