Grid and renewables to be new pillars of EnBW’s energy business

With 967.5 million euro, German utility EnBW has achieved a 24.2 percent lower operating result in the first six months of 2016 than in the same period in 2015. The company expects results for the whole year to be five to 10 percent lower than last year. The most successful parts of the business were its grids and renewable energies segments which, according to the company’s 2020 targets, will become the main pillars of the business. The renewables segment showed an adjusted EBITDA of 153.1 million euros, 75 percent more than during the first six months of 2015. The share of renewables in the company’s adjusted EBITDA rose from 6.9 percent to 15.8 percent. The adjusted EBITDA in the generation and trading segment fell year-on-year by around 73 percent to 148.6 million euros.

Read the press release in English here.