Growth in EnBW’s renewables segment in first half of 2018 due to new onshore wind

German energy company EnBW increased its operating result (adjusted EBITDA) by 6.4 percent to 1.14 billion euros in the first half of 2018, compared to the same period last year, the company said in a press release. Net profit attributable to the shareholders decreased from 1.68 billion euros in the previous year to 346.2 million euros, mostly due to the effects of the nuclear fuel tax refund which was paid out last year. The 8.1 percent adjusted EBITDA growth in the renewable energies segment to 164.8 million euros is due to the earnings from new onshore wind farms, and higher generation from run-of-river plants due to better water level. The wind yield from offshore wind farms was down on the previous year’s period, says EnbW.

Find the press release in English here.

For background, read the CLEW factsheet Germany’s largest utilities at a glance and the CLEW dossier Utilities and the energy transition.