Table of Contents
Table of Contents 2
List of Tables 10
Company Snapshot 12
Key Information 12
Company Overview 12
SWOT Snapshot 12
Operational Metrics 13
EnBW Energie Baden-Wurttemberg AG, Operational Metrics, By Capacity 13
EnBW Energie Baden-Wurttemberg AG, Operational Metrics, By Generation 13
EnBW Energie Baden-Wurttemberg AG, Operational Metrics, By Segmental Information 13
EnBW Energie Baden-Wurttemberg AG, Wind Farms 15
EnBW Energie Baden-Wurttemberg AG, Wind Farms, Germany 15
EnBW Energie Baden-Wurttemberg AG, Solar PV Parks 22
EnBW Energie Baden-Wurttemberg AG, Solar PV Parks, Germany 22
EnBW Energie Baden-Wurttemberg AG, Hydro Power Plants 24
EnBW Energie Baden-Wurttemberg AG, Hydro Power Plants, Germany 24
EnBW Energie Baden-Wurttemberg AG, Biopower Plants 36
EnBW Energie Baden-Wurttemberg AG, Biopower Plants, Germany 36
EnBW Energie Baden-Wurttemberg AG, Thermal Power Plants 38
EnBW Energie Baden-Wurttemberg AG, Thermal Power Plants, Germany 38
EnBW Energie Baden-Wurttemberg AG, Commercial Reactors 40
EnBW Energie Baden-Wurttemberg AG, Commercial Reactors, Germany 40
Business Description 41
Business Overview 41
Generation and Trading 41
Overview 41
Capital Expenditure 41
Grids 41
Overview 41
Capital Expenditure 41
Renewable Energies 41
Overview 41
Capital Expenditure 41
Sales 42
Overview 42
Capital Expenditure 42
Major Products and Services 43
History 44
SWOT Analysis 51
Overview 51
EnBW Energie Baden-Wurttemberg AG Strengths 51
Business Model 51
Market Presence 51
Business Performance: Grids 51
EnBW Energie Baden-Wurttemberg AG Weaknesses 52
Business Performance: Sales 52
Huge Debt 52
EnBW Energie Baden-Wurttemberg AG Opportunities 52
Increase in Demand for Electricity 52
Infrastructure Market 52
Construction of Wind Projects 52
EnBW Energie Baden-Wurttemberg AG Threats 52
Risks in Wholesale Market 52
Competition 52
Transmission and Distribution Network Safety 53
Financial Ratios – Capital Market Ratios 54
Financial Ratios – Annual Ratios 54
Financial Ratios – Interim Ratios 56
Key Employees 57
Key Employee Biographies 58
Locations And Subsidiaries 59
Head Office 59
Other Locations & Subsidiaries 59
Financial Deals Landscape 61
EnBW Energie Baden-Wurttemberg AG, Deals Summary 61
EnBW Energie Baden-Wurttemberg AG, Power, Deal Details 63
Asset Transactions 63
EnBW Energie Baden-Wurttemberg Acquires 37.5% Interest in Three Offshore Wind Projects in Taiwan 63
EnBW Energie Baden-Wurttemberg to Invest in Albatros Offshore Wind Project in Germany 64
EnBW Energie Baden to Acquire Parts of Business Activities from Grundgrun Energie 65
EnBW Acquires Albatros Offshore Wind Power Project in Germany from Strabag OW EVS and Norderland/Etanax 66
EnBW Acquires Gorike Sollenthin Wind Farm In Germany From PNE Wind 67
EnBW Acquires Wind Farm From Ventotec In Brandenburg, Germany 68
PNE Wind Sells Kemberg II Wind Farm To EnBW Energie 69
Stadtwerke Dusseldorf Completes Project Financing for Fortuna CCGT Power Plant in Germany 70
EnBW Erneuerbare Completes Project Financing Of US$653.5 Million For Baltic 2 Wind Farm In Germany 71
Partnerships 72
Consortium Led by Senvion Forms Partnership to Develop Next Generation 10+ MW Offshore Wind Turbines 72
EnBW And Landis+Gyr Partners To Provide Smart Meter Solutions 74
Equity Offering 75
EnBW Completes Rights Offering Of Shares For US$1.03 Billion 75
Debt Offering 77
EnBW Raises USD1.39 Billion in Public Offering of 3.625% Bonds Due 2076 77
EnBW Completes Public Offering Of 1.25% Bonds Due 2018 For US$106 Million 78
EnBW Completes Public Offering Of 2.25% Bonds Due 2023 For US$106 Million 79
Energie Baden-Wurttemberg Completes Public Offering Of 7.375% Bonds Due 2072 For US$328 Million 80
Asset Transactions 81
Opus Global and EP Power Europe Completes Acquisition of 72.6647% Stake in Matrai Eromu Zrt Power Plant in Hungary from RWE and EnBW 81
Enbridge to Acquire 49.89% Stake in EnBW Albatros Offshore Wind Farm in Germany from EnBW Energie Baden-Wurttemberg 83
Enbridge Acquires 50% Interest in Hohe See Offshore Wind Project in Heligoland, Germany from EnBW Energie Baden-Wurttemberg 84
DEME Concessions Wind and Siemens Financial Services to Acquire 50% Stake in Kriegers Flak Offshore Wind Farm in Denmark from EnBW Energie Baden-Wurttemberg 86
Macquarie Capital Announces Project Financing for Acquisition of EnBW Baltic II Offshore Wind Power Project in Rugen, Germany from EnBW 87
EnBW to Sell 20% Stake in Wind Farm Portfolio in Germany 88
Acquisition 89
EnBW Energie Baden-Wurttemberg to Acquire Deutsche Energieversorgung 89
Energiedienst Acquires 51% Stake in winsun 90
Verbund to Acquire 50% Stake in Aquanto from EnBW Energie Baden-Wurttemberg 91
EnBW Energie Baden-Wurttemberg to Acquire Additional 6.28% Stake in MVV Energie from Engie 92
EnBW Energie Baden-Wurttemberg Completes Acquisition of Connected Wind Services 94
EnBW Completes Acquisition Of 74.2% Stake In Verbundnetz Gas From EWE 96
EWE-Verband to Acquire 16% Stake in EWE from EnBW 98
EnBW Energie Baden-Wurttemberg Acquires 7.4% Stake In MVV Energie From Barclays 99
Connected Wind Services Acquires Triventus Service 101
EDF Acquires Remaining 25% Stake In EDF Polska CUW 102
Recent Developments 103
EnBW Energie Baden-Wurttemberg AG – Recent Developments 103
Jul 17, 2018: EnBW constructs first onshore wind farm in Sweden 103
Jun 11, 2018: EnBW takes its first steps in the North American market for offshore wind 103
Apr 11, 2018: Floating wind joint industry partnership to tackle dynamic export cables and asset integrity 104
Mar 01, 2018: Joint industry project to investigate next generation turbines and heavy lifts for floating wind farms 104
Feb 17, 2017: EnBW constructing 500 Megawatt North Sea wind farm with Canadian partner Enbridge 105
Sep 04, 2013: Bilfinger And EnBW Collaborate For Waste Management At Two Nuclear Power Plants In Germany 106
Jul 05, 2013: EnBW plans to shut down four conventional power plant units 106
Jul 26, 2012: City Of Leonberg In Germany And EnBW Establish New Company, LEO Energy 107
Jun 15, 2012: EnBW Extends Partnership With Vorarlberger Illwerke Until 2041 107
Mar 05, 2012: EnBW To Expand Onshore Wind Farm In Buchholz, Germany 107
Sep 29, 2011: RWE Teams With European Energy And Research Enterprises To Form New EASE 108
Sep 11, 2010: EnBW Examines Closure Of Neckarwestheim I Nuclear Power Plant 108
Sep 06, 2010: EnBW Elaborates On Plans To Extend Life Span Of Neckarwestheim And Philippsburg NPPs 108
May 19, 2010: Phoenix Solar To Build Three Solar Parks For KGAL In Italy And Germany 109
May 06, 2010: EnBW Lays Foundation Stone For Offshore Wind Farm In German Baltic Sea 109
Apr 16, 2010: EnBW Opens Solar Farm In Leibertingen With 2.1MW Output 110
Apr 01, 2010: EnBW Builds Service Station In Barhöft For Offshore Wind Farm EnBW Baltic 1 110
Mar 22, 2010: EnBW To Build Solar Park With 5.5 MW Of Solarfun PV Modules In Ulm-Eggingen, Germany 111
Mar 09, 2010: EnBW Builds 6.5MW Solar Farm In Ulm-Eggingen, Germany 111
Jul 20, 2009: EnBW Announces Extention Of Rheinkraftwerk Iffezheim Hydropower Plant 111
Dec 16, 2008: EnBW Establishes New Company For Gas Midstream Business 112
Oct 02, 2008: Acumentrics And MTS Form Consortium With Six Utilities To Test SOFC mCHP 112
Sep 11, 2008: EnBW And swissgrid Form A Coordination Company, CESOC 113
Jan 29, 2008: EnBW, Dow Sign Agreement To Provide Stade Site With Power 113
Jan 16, 2008: EnBW And ewb To Commence Construction Of Geothermal Power Plant In Baden-Wurttemberg 113
Jul 26, 2018: EnBW continues positive earnings performance in 2018 114
May 15, 2018: EnBW continues positive earnings performance in first quarter 115
Nov 10, 2017: Planned earnings turnaround at EnBW in 2017 in sight 116
Jul 27, 2017: EnBW remains on course to reach earnings turnaround 117
Jul 28, 2016: EnBW upholds its earnings forecast for 2016 118
May 13, 2016: First quarter of 2016: Falling electricity prices negatively influence earnings performance in comparison to the previous year 119
Mar 21, 2016: EnBW remains on course despite difficult conditions – renewable ener-gies experience large boost in earning 119
Feb 02, 2016: Due to the falling price of electricity, EnBW has once again recognised impairment losses on its power plants and made higher provisions for electricity procurement agreements 121
Nov 13, 2015: EnBW is experiencing stable development and progressing well with the restructuring of the Company 121
Jul 30, 2015: First half of 2015: Sales and Renewable Energies ensure a stable level of comprehensive income 122
May 12, 2015: Quarterly figures for January to March 2015: Earnings performance in line with expectations 123
Mar 17, 2015: The restructuring of EnBW is progressing despite the difficult conditions 124
Nov 11, 2014: First nine months of 2014: EnBW remains on course in a difficult environment 125
Aug 01, 2014: EnBW Group: First half of 2014: Operating result developing in line with expectations 126
Mar 07, 2014: FY 2013: Strategic reorientation launched, efficiency programme successfully accelerated 127
Nov 12, 2013: EnBW Announces Quarterly figures for the period from January to September 2013: Performance remains in line with expectations 129
Jul 26, 2013: EnBW Announces Results For H1 2013 130
May 07, 2013: EnBW Reports Revenue Of €5.7 Billion In Q1 2013 131
Nov 09, 2012: EnBW Reports Revenue Of €14.4 Billion For Nine Months Ended September 30, 2012 131
Jul 27, 2012: EnBW Reports Revenue Of €9.7 Billion In H1 2012 132
May 08, 2012: EnBW Reports Revenue Of €5.1 Billion In Q1 2012 132
Mar 07, 2012: 2011 a difficult but decisive year, with EnBW actively shaping the new energy concept 133
Mar 07, 2012: EnBW Reports Revenue Of €18.8 Billion In 2011 134
Nov 11, 2011: EnBW Reports Revenue Of €13.8 Billion For Nine Months Ended September 30, 2011 135
Jul 29, 2011: EnBW Reports Revenue Of €9.4 Billion In H1 2011 136
Nov 12, 2010: EnBW Reports Group Net Profit Of EUR1.24 Billion For Nine Months Of 2010 137
Jul 30, 2010: EnBW Reports Net Profit Of EUR899 Million In H1 2010 138
May 07, 2010: EnBW Reports Revenue Of EUR4.90 Billion In Q1 2010 139
Feb 09, 2010: EnBW Reports Revenue Of EUR15.56 Billion In 2009 139
Nov 13, 2009: EnBW Reports EUR11.7 Billion Revenues In Nine Months Of 2009 140
Jul 30, 2009: EnBW Reports Net Profit Of EUR611.3 Million In H1 2009 140
May 08, 2009: EnBW Reports EUR397.6 Million Net Profit In Q1 2009 141
Aug 01, 2008: EnBW Reports 1H 2008 Results 141
May 09, 2008: EnBW Reports Q1 2008 Results 142
Feb 19, 2008: EmBW Reports Fiscal 2007 Results 143
Jan 10, 2008: EnBW Reports 2008 Results 144
Aug 08, 2007: EnBW Declares H1 2007 Results 145
Feb 20, 2007: EnBW Reports Fiscal 2006 Results 146
Sep 25, 2018: EnBW plans 100 charging stations at German DIY stores 147
Aug 20, 2018: Carbon Trust Offshore Wind Accelerator announces successful execution of offshore test of innovative new installation technology to reduce underwater noise and costs 147
Aug 13, 2018: Renewables step into the breach to counteract power plant problems during Europe’s heatwave 147
Jul 27, 2018: Trump’s plan for US LNG in Europe to face reality check 148
Jul 13, 2018: EnBW Supervisory Board appoints Colette Ruckert-Hennen as Chief Personnel Officer 148
Jun 28, 2018: Hohe See Offshore Substation Stands Tall 149
Jun 21, 2018: Wind energy of the future: Research project on the use of high-altitude wind 149
Jun 18, 2018: EnBW enters onshore market in France 149
Jun 15, 2018: EnBW inaugurates wind farm Fichtenau 150
Jun 08, 2018: Inauguration of the EnBW wind farm Langenburg by Minister Winfried Kretschmann 150
Jun 08, 2018: SENEC presents electricity storage at the age of ten Guarantee on full capacity 151
May 25, 2018: Load-out of the EnBW Hohe See jacket 152
May 18, 2018: Triple time for EnBW in Germany 152
May 08, 2018: EnBW Supervisory Board resolves reappointment of Thomas Kusterer 152
Apr 11, 2018: Start of construction of EnBW Hohe See and Albatros 152
Dec 07, 2017: Holistic offshore wind farm control strategies to be put to the test 153
Dec 07, 2017: EnBW eyes Emden O&M base 154
Dec 05, 2017: EnBW pops cork at Fichtenau 154
Nov 23, 2017: EnBW eyes Dutch waters 154
Nov 23, 2017: Hutchinson Exports More From the Mersey 154
Nov 22, 2017: EnBW Eyeing Dutch Offshore Wind Zones 154
Nov 10, 2017: EnBW: We Will Continue Investing Heavily in Wind Power 154
Oct 24, 2017: EnBW adds one, cancels three 154
Oct 10, 2017: EnBW toasts magnificent seven 155
Sep 22, 2017: 50Hertz seeks chopper squad 155
Jun 26, 2017: DEME’s subsidiary GeoSea to install offshore foundations for EnBW offshore wind farm Albatros in Germany 155
May 25, 2017: Germany to provide opportunities for nuclear power plant decommissioning services 155
May 09, 2017: EnBW speeds up offshore wind: Investment decision on next offshore wind farm taken 155
Apr 11, 2017: Now the dismantling starts also in Philippsburg: EnBW gets permission for decommissioning and dismantling of KKP 1 156
Apr 11, 2017: Windpark Tholey-Ost: Co-operation partners EnBW and GAIA withdrew their opposition to a rejected license application 157
Jan 31, 2017: EnBW moves into the top league of project developers for wind power plants in Germany 157
Jan 17, 2017: EnBW brings forward inspection of KKP 2 originally planned in summer 158
Nov 18, 2016: EnBW plans to shut down the gas and steam turbine plant RDK 4S at the Karlsruhe site 158
Oct 07, 2016: Frank Mastiaux reappointed as Chairman of the Board of Management 159
Aug 02, 2016: EnBW is building another wind farm in the Saarland: start of the construction of three wind turbines in Blieskastel 159
Jul 27, 2016: The next milestone in dismantling in Obrigheim achieved: 135 ton heart of the system is completely disassembled 159
Jul 27, 2016: MAN builds district heating power plant for EnBW in Stuttgart 160
Jul 11, 2016: European offshore wind developers join forces with the Carbon Trust to slash costs of offshore wind 160
Jul 01, 2016: EnBW is building another offshore wind farm 161
May 10, 2016: EnBW remains a decisive competitive advantage 162
May 10, 2016: Lutz Feldmann is the new Chairman of the Supervisory Board of EnBW 163
Apr 21, 2016: German utilities may require more funds for nuclear waste storage 164
Apr 08, 2016: Philippsburg nuclear power plant Block 2 disconnected from the grid for its annual inspection: EnBW Energie Baden-Wurttemberg 164
Apr 07, 2016: EnBW, Siemens Financial Services and DEME Concessions Wind cooperating in the tender procedure for the Danish offshore wind farm Kriegers Flak 165
Feb 23, 2016: EnBW obtained permits for dismantling infrastructure for Philippsburg site – residue processing center and site waste storage are cornerstones for a rapid and efficient dismantling 165
Feb 10, 2016: EMO’s B2 Marine Coordination Team goes on to WIKINGER project 166
Oct 21, 2015: Neckarwestheim nuclear power plant: Block II reconnected to the grid after its annual inspection 166
Sep 21, 2015: EnBW Baltic 2 officially put into operation 167
Jun 19, 2015: Opening of third wind farm in four weeks: Borusan EnBW Enerji Turkey places another wind farm into operation 167
Jun 04, 2015: European Court of Justice supports German nuclear fuel tax as legal 168
Apr 29, 2015: EnBW Baltic 2 feeds electricity into the grid for the first time 168
Dec 22, 2014: EnBW to sue federal and state governments for damages resulting from the 2011 moratorium 168
Oct 21, 2014: EnBW offers wind energy investment scheme for citizens 169
Oct 01, 2014: Neckarwestheim nuclear power plant: Unit II online again after inspection 169
Sep 12, 2014: “Borusan EnBW Enerji“ joint venture awards Turkey’s largest onshore contract 170
Aug 25, 2014: Philippsburg nuclear power plant: Unit 2 reconnects to grid following overhaul 170
Jun 23, 2014: Philippsburg nuclear power plant: Unit 2 disconnected from network for annual inspection 171
Apr 10, 2014: EnBW submits application to decommission two hard coal units at Heilbronn site 172
Feb 28, 2014: EnBW plans to decommission two hard coal units at Heilbronn site 172
Jan 20, 2014: EnBW appeals against Federal Network Agency ruling on Walheim and Marbach power plants to defend its legal position 173
Nov 13, 2013: Gamesa and seven other European companies call for 2030 EU renewable energy target of more than 30% 173
Nov 11, 2013: EnBW’s Block II at Neckarwestheim NPP returns to service after replacing fuel element 174
Oct 23, 2013: EnBW to shut Neckarwestheim II nuclear power reactor for precautionary testing measures 175
Oct 18, 2013: Inauguration of the fifth machine in Iffezheim hydropower plant with Minister of State Silke Krebs and EU Commissioner Günther Oettinger 175
Oct 16, 2013: EnBW aims to streamline Board of Management 176
Oct 14, 2013: EnBW’s Block II at Neckarwestheim nuclear power station returns to service 176
Sep 25, 2013: Ecosse finishes boulder clearing project for EnBW Baltic Sea wind farm in Germany 177
Sep 23, 2013: EnBW Shuts Block II At Neckarwestheim NPP For Annual Inspection 177
Jun 20, 2013: EnBW Begins Commercial Operations Of Fifth Machine At Iffezheim Hydroelectric Station In Rheinkraftwerk Iffezheim, Germany 177
May 06, 2013: EnBW Disconnects Unit 2 At Philippsburg Nuclear Power Plant From Grid For Annual Inspection 178
Apr 03, 2013: Palfinger Wind Equips Baltic 2 Wind Farm With 80 Cranes In Baltic Sea 178
Mar 01, 2013: EnBW Reports Revenue Of €19.2 Billion In 2012 178
Dec 04, 2012: NEMA Of Kenya Receives EIA Report For Implementation Of Wind Farm In Rea Vipingo plantation 179
Nov 16, 2012: EnBW Postpones Investment Decision For Planned Hohe See Wind Farm 179
Oct 15, 2012: EnBW Reconnects Block II At Neckarwestheim Nuclear Power Station To Grid 180
Sep 17, 2012: EnBW Disconnects Block II At Neckarwestheim Nuclear Power Plant From Grid 180
Sep 12, 2012: EnBW Inaugurates New Fuel Cell System At Library In Grafenberg, Germany 181
Aug 02, 2012: EnKK Announces Strategy For Immediate Decommissioning Of Nuclear Power Stations 181
Jul 30, 2012: EnBW Not To File Complaint Against German Government Over Nuclear Exit Decision 182
Jul 23, 2012: EnBW Inaugurates New Fuel Cell System At Kindergarten ‘Villa Sunshine’ In Boblingen, Germany 182
Jul 20, 2012: EnBW Presents Two Studies On New Hydropower Development Opportunities In Baden-Wurttemberg, Germany 182
Jul 20, 2012: EnBW’s Unit 2 At Philippsburg Nuclear Power Plant Reconnects To Grid 182
Jul 19, 2012: EnBW Announces Arrival Of Impeller For Unit 5 At Iffezheim Hydropower Plant In Germany 183
Jun 22, 2012: EnBW Announces Arrival Of New Generator For Unit 5 At Iffezheim Hydropower Plant In Germany 183
Jun 21, 2012: EnBW Completes Major Inspection At Stuttgart-Munster Power Plant In Germany 183
Jun 19, 2012: EnBW Resumes Operations At Bettenberg Hydroelectric Power Station In Germany 183
May 29, 2012: EnBW Shuts Unit 2 At Philippsburg Nuclear Power Plant For Annual Inspection 184
May 21, 2012: EnBW To Dismantle Cell Cooling Towers At Unit 1 Of Neckarwestheim Nuclear Power Plant 184
May 15, 2012: Alstom Performs Boiler Pressure Test At Block 8 Of Rheinhafen-Dampfkraftwerk Power Station In Germany 184
Mar 30, 2012: EnBW Names Frank Mastiaux As New Chairman Of Board 185
Mar 16, 2012: EnBW Announces Commercial Operation Of fuel cell At Luther House In Schwetzingen, Germany 185
Mar 14, 2012: Highest wind turbine in the northern Black Forest officially put into operation 185
Mar 08, 2012: EnBW Provides Update On Hydropower Construction In Iffezheim, Germany 185
Jan 27, 2012: EnBW Commissions 2 MW Wind Energy Plant In Northern Black Forest, Germany 186
Dec 06, 2011: EnBW’s CEO Hans-Peter Villis Decides Not To Renew Contract 186
Oct 26, 2011: EnBW’s Block II At Neckarwestheim Nuclear Power Station Reconnects To Grid 186
Oct 10, 2011: EnBW Disconnects Block II At Neckarwestheim Nuclear Power Station From Grid 187
Aug 01, 2011: Block 2 At Philippsburg Nuclear Power Station Reconnects To Grid: EnBW 187
Jul 28, 2011: EnBW To Shut Block 2 At Philippsburg Nuclear Power Station For Maintenance 187
Jul 15, 2011: EnKK Submits Self-Assessment Return For Nuclear Fuel Rod Tax 188
Jun 17, 2011: EnBW Not To Restart Neckarwestheim 1 And Philippsburg 1 Nuclear Reactors Unit New Legislation Comes Into Force 188
Jun 14, 2011: EnBW’s Block 2 At Philippsburg Nuclear Power Station Reconnects To Grid 188
May 02, 2011: EnBW Energie Officially Starts Baltic 1 Windfarm In Germany 189
May 02, 2011: To open the offshore wind farm developed by wpd Baltic 1: A joint work with exemplary character 189
Apr 13, 2011: EnBW Not To Appeal Against German Nuclear Suspension 189
Mar 29, 2011: EnBW Signs Syndicated Loan Facility For €2 Billion 190
Mar 16, 2011: EnBW Temporarily Shuts Neckarwestheim 1 Nuclear Power Plant 190
Mar 08, 2011: EIB Provides €80m Loan For Construction And Operation Of Offshore Windfarm In Germany 190
Feb 25, 2011: EnBW’s Block 1 At Philippsburg Nuclear Power Station Reconnects To Grid 191
Feb 18, 2011: EnBW To Shut Block 1 Of Philippsburg Nuclear Power Station For Maintenance 191
Jan 17, 2011: EnBW Appoints Thomas Kusterer As New CFO 191
Dec 23, 2010: EnBW’s Block I At Neckarwestheim Nuclear Power Plant Returns To Service 191
Nov 02, 2010: EnBW’s Block II At Neckarwestheim Nuclear Power Station Returns Online 192
Oct 25, 2010: EnBW’s Block 1 At Philippsburg Nuclear Power Station Returns Online 192
Oct 25, 2010: EnBW’s Block I At Neckarwestheim Nuclear Power Station Taken Offline For Inspection 192
Oct 11, 2010: EnBW’s Block 1 At Philippsburg Nuclear Power Station Taken Offline 193
Sep 27, 2010: EnBW’s Block II Of Neckarwestheim Nuclear Power Station Taken Offline For Annual Inspection 193
Sep 22, 2010: PNE Wind Completes Elze Wind Farm And Hands It Over To EnBW 194
Sep 20, 2010: EnBW’s Baltic Sea Wind Farm Construction Reaches Completion In Germany 194
Sep 09, 2010: EnBW Completes Modernization Of Units Five And Six At Heilbronn TPP In Germany 194
Aug 31, 2010: PNE WIND Completes Re-Powering Of Gorike Wind Farm In Brandenburg, Germany 194
Jul 12, 2010: EnBW’s Block I At Neckarwestheim Nuclear Power Station Resumes Operations 195
Jul 07, 2010: PNE Wind Hands Over Schulenburg Wind Farm To EnBW 195
Jul 01, 2010: EnBW’s Block 2 At Philippsburg Nuclear Power Station Back Online After Annual Inspection 196
Jun 30, 2010: EnBW Hopeful For Negotiations With German Government On Proposed Nuclear Tax 196
Jun 18, 2010: Sharp Energy Solution Europe To Build Solar Power Plants For Energy Providers In Germany 197
Jun 07, 2010: EnBW’s Block 2 At Philippsburg NPP Taken Offline For Annual Inspection 197
May 17, 2010: EnBW’s Neckarwestheim NPP’s Block 1 Taken Offline For Scheduled Inspection 198
May 06, 2010: PNE Wind Hands Over Completed Gorike Wind Farm To EnBW 198
Mar 25, 2010: EnBW to install 5.5MW of Solarfun PV modules at new solar plant in Germany 198
Mar 11, 2010: EnBW Announces Resignation Of Dr. Rudolf Schulten As CFO 199
Oct 29, 2009: EnBW’s Block I At Neckarwestheim Nuclear Power Station Back On Grid After Revision 199
Oct 13, 2009: EnBW’s Unit 1 At Neckarwestheim Nuclear Power Plant Taken Offline For Annual Maintenance 199
Oct 05, 2009: Cisco And Yello Strom Launch Energy-Saving Smart Grid Pilot In Germany 200
Sep 10, 2009: EnBW’s Block II At Neckarwestheim Nuclear Power Station Back On Grid After Annual Revision 201
Aug 24, 2009: EnBW’s Block II At Neckarwestheim Nuclear Power Station Disconnected From Grid For Annual Revision 202
Jul 22, 2009: EnBW’s Unit 2 At Philippsburg Nuclear Power Plant Back On Grid 202
Jul 20, 2009: EDF, EnBW Start Extension Work At Hydroelectric Power Station In Germany 203
Jun 30, 2009: EnBW’s Philippsburg Nuclear Power Plant Unit 1 Back On Grid After Maintenance 203
Jun 29, 2009: EnBW’s Unit 2 Of Philippsburg Nuclear Power Plant Taken Offline For Annual Maintenance 204
May 18, 2009: EnBW Shuts Unit 1 At Philippsburg Nuclear Power Plant For Annual Maintenance 204
Apr 27, 2009: Borusan To Invest EUR2.5 Billion In Energy 205
Jan 29, 2009: EnBW Board Member Pierre Lederer Resigns 205
Dec 05, 2008: EnBW Restarts South-West German Neckarwestheim 1 Nuclear Reactor 205
Dec 04, 2008: EnBW Shuts Its Turbine And Reactor In Unit 1 Of KKP 1 206
Nov 06, 2008: EnBW Appoints COO 206
Oct 23, 2008: EnBW Deputy Chairman Resigns 206
Oct 20, 2008: EnBW, RWE To Run Two Nuclear Plants Beyond 2009 206
Oct 10, 2008: EnBW Receives State Approval For Deconstruction Of Obrigheim Nuclear Reactor 207
Sep 19, 2008: EnBW To Commence Construction Of New Hard-Coal Power Plant In Germany 207
Sep 15, 2008: EnBW’s Unit II Of Neckarwestheim Nuclear Power Station Is back On Line After Inspection 208
Sep 15, 2008: EnBW Reopens Southern German Nuclear Power Station Neckarwestheim 2 208
Aug 25, 2008: EnBW’s Unit 2 Of Neckarwestheim Nuclear Power Station Is Offline For Annual Maintenance 209
Jul 30, 2008: EmBW Announces Management Changes 209
Jul 01, 2008: Siemens Builds Power Transformer For EnBW 209
Jun 06, 2008: EnBW Restarts Unit-1 Of Neckarwestheim Nuclear Power Plant In Karlsruhe 209
Mar 10, 2008: EnBW CFO Resigns 210
Jan 17, 2008: Day4 Energy Completes 1 MW Solar Project With EnBW 210
Oct 26, 2007: EnBW’s Unit 2 Of Neckarwestheim Nuclear Power Plant Is Back Online After Refuelling 210
Sep 26, 2007: EnBW Appoints CTO 211
Jul 24, 2007: EnBW CEO Resigns, Appoints New CEO 211
Feb 09, 2007: EnBW CTO Resigns 211
Jul 06, 2018: CG alongwith its consortium partners installs its largest ever Offshore Transmission Substation in Germany 211
May 02, 2018: EnBW and Siemens Gamesa contract Bibby Marine for new offshore service vessel 212
Feb 15, 2018: EnBW installs offshore rescue crew 212
Oct 16, 2017: New AREVA wins new dismantling contract in Germany 212
Sep 20, 2017: ABB drives the expansion of e-mobility fast charging infrastructure in Germany 213
Jul 11, 2017: Euskalforging awarded the supply of 16 foundation flanges for Albatros offshore wind farm project 213
Jun 21, 2017: EMO takes over Marine Coordination for EnBW OWF “Hohe See” and “Albatros” 214
Jun 19, 2017: Sif awarded the production of all monopiles and transition pieces for EnBW’s Albatros wind farm 214
Jun 14, 2017: Senvion and EnBW Conclude Cooperation Agreement 214
Jun 01, 2017: One-stop fulfillment: Siemens Gamesa to supply EnBW Albatros offshore wind power plant as first German full-scope-project 215
May 24, 2017: EnBW Nominate Con4Mare to provide marine warranty survey services for the Albatros offshore wind farm 215
May 16, 2017: VBMS awarded inter-array cabling contract for Albatros OWF 215
Apr 13, 2017: EnBW gains approval for first German offshore wind auction for the 900 megawatt “He Dreiht” offshore wind farm 216
Feb 17, 2017: Siemens to build EnBW Hohe See as first offshore wind project with extended scope 216
Jan 26, 2017: EnBW commissions MAN for power plant construction 217
Jun 30, 2016: EnBW nominate Con4Mare to provide Marine Warranty Survey Services for the Hohe See Offshore Wind 218
Mar 10, 2016: Iemants, Cofely Fabricom and CG win EnBW Hohe See contract 218
Mar 10, 2016: Cofely Fabricom, Iemants and CG win EnBW Hohe See contract 218
Mar 01, 2016: Fred. Olsen Windcarrier wins EnBW Hohe See contract 218
Feb 22, 2016: EnBW and Siemens sign contract for 71 offshore wind turbines 219
Feb 04, 2016: EnBW and Iberdrola conclude service contract for Wikinger offshore wind farm construction 219
Mar 12, 2015: EnBW and FWOL conclude a five-year contract: The crew transfer vessel Windcat 34 will now serve EnBW Baltic 2 W 220
Jan 15, 2015: Pronomar yet again delivers suit dryers to EnBW 221
Dec 19, 2014: First network reserve capacity contracts in Germany signed 221
Jun 05, 2014: ReneSola Germany Powers Largest Solar Park in Baden-Wurttemberg 222
Feb 07, 2014: EnBW and Borusan award largest project contract in the Turkish wind energy market 222
Jan 16, 2014: Landis+Gyr and EnBW sign milestone agreement in stringent data protection market 222
Jul 12, 2012: AREVA To Supply Fuel Assemblies For Nuclear Power Plants In Germany 223
Jul 12, 2012: EnBW Signs Long-term Gas Supply Contract 223
Jul 06, 2012: EnBW Wins Contract To Supply Renewable Electricity To City Of Stuttgart, Germany 223
Feb 10, 2012: EnBW To Supply Power For Municipal Facilities In Rhine-Neckar, Germany 224
Jan 25, 2011: Nexans Provides Specialized Trenching Service For Baltic 1 Offshore Wind Farm Subsea Power Export Cables 224
Nov 29, 2010: Aker Clean Carbon Wins Carbon Capture Contract For EnBW In Germany 224
Sep 20, 2010: Alstom Grid / WeserWind Consortium Wins Offshore Platform Substation Contract In Germany 225
Aug 30, 2010: HOCHTIEF, DEME To Construct EnBW Baltic 2 Offshore Wind Farm 225
Jun 09, 2010: EnBW And Siemens Sign Contract For Supply Of 80 Wind Turbines To Baltic 2 Offshore Wind Farm In Germany 225
Feb 08, 2010: KEMA Wins Contract On FEED Study For Two OWF In Germany 226
Dec 17, 2009: Siemens Energy To Supply Smart Metering Solution To EnBW ODR 226
Jul 31, 2009: Technip Secures EPCM Contract For Gas Storage Project In Germany 227
Apr 29, 2009: Andritz Hydro Receives EUR25 Million Supply Order From Rheinkraftwerk For Iffezheim Hydropower Station In Germany 227
Jan 22, 2009: AE&E Wins Order From EnBW For RDF-Fired Steam Generator 227
Nov 15, 2008: Converteam Provides Drive Technology To MAN Turbo For Gas Storage Project In Etzel, Germany 228
Jun 20, 2008: EnBw Signs Contract With Alstom For Coal-Fired Unit At Heilbronn Power Plant In Germany 228
Appendix 229
Report Scope 229
GlobalData Coverage 229
Benchmarking 229
GlobalData’s Methodology 229
Secondary Research 229
Primary Research 230
Contact Us 230
Disclaimer 230
EnBW Energie Baden-Wurttemberg AG, Key Facts 12
EnBW Energie Baden-Wurttemberg AG, Operational Metrics, Capacity 13
EnBW Energie Baden-Wurttemberg AG, Operational Metrics, Generation 13
EnBW Energie Baden-Wurttemberg AG, Operational Metrics, Segmental Information 13
EnBW Energie Baden-Wurttemberg AG, Wind Farms, Germany 15
EnBW Energie Baden-Wurttemberg AG, Solar PV Parks, Germany 22
EnBW Energie Baden-Wurttemberg AG, Hydro Power Plants, Germany 24
EnBW Energie Baden-Wurttemberg AG, Biopower Plants, Germany 36
EnBW Energie Baden-Wurttemberg AG, Thermal Power Plants, Germany 38
EnBW Energie Baden-Wurttemberg AG, Commercial Reactors, Germany 40
Major Products and Services 43
EnBW Energie Baden-Wurttemberg AG, SWOT Analysis 51
EnBW Energie Baden-Wurttemberg AG, Ratios based on current share price 54
EnBW Energie Baden-Wurttemberg AG, Annual Ratios 54
EnBW Energie Baden-Wurttemberg AG, Interim Ratios 56
EnBW Energie Baden-Wurttemberg AG, Key Employees 57
EnBW Energie Baden-Wurttemberg AG, Other Locations 59
EnBW Energie Baden-Wurttemberg AG, Subsidiaries 59
EnBW Energie Baden-Wurttemberg AG, Deals Summary 61
EnBW Energie Baden-Wurttemberg Acquires 37.5% Interest in Three Offshore Wind Projects in Taiwan 63
EnBW Energie Baden-Wurttemberg to Invest in Albatros Offshore Wind Project in Germany 64
EnBW Energie Baden to Acquire Parts of Business Activities from Grundgrun Energie 65
EnBW Acquires Albatros Offshore Wind Power Project in Germany from Strabag OW EVS and Norderland/Etanax 66
EnBW Acquires Gorike Sollenthin Wind Farm In Germany From PNE Wind 67
EnBW Acquires Wind Farm From Ventotec In Brandenburg, Germany 68
PNE Wind Sells Kemberg II Wind Farm To EnBW Energie 69
Stadtwerke Dusseldorf Completes Project Financing for Fortuna CCGT Power Plant in Germany 70
EnBW Erneuerbare Completes Project Financing Of US$653.5 Million For Baltic 2 Wind Farm In Germany 71
Consortium Led by Senvion Forms Partnership to Develop Next Generation 10+ MW Offshore Wind Turbines 72
EnBW And Landis+Gyr Partners To Provide Smart Meter Solutions 74
EnBW Completes Rights Offering Of Shares For US$1.03 Billion 75
EnBW Raises USD1.39 Billion in Public Offering of 3.625% Bonds Due 2076 77
EnBW Completes Public Offering Of 1.25% Bonds Due 2018 For US$106 Million 78
EnBW Completes Public Offering Of 2.25% Bonds Due 2023 For US$106 Million 79
Energie Baden-Wurttemberg Completes Public Offering Of 7.375% Bonds Due 2072 For US$328 Million 80
Opus Global and EP Power Europe Completes Acquisition of 72.6647% Stake in Matrai Eromu Zrt Power Plant in Hungary from RWE and EnBW 81
Enbridge to Acquire 49.89% Stake in EnBW Albatros Offshore Wind Farm in Germany from EnBW Energie Baden-Wurttemberg 83
Enbridge Acquires 50% Interest in Hohe See Offshore Wind Project in Heligoland, Germany from EnBW Energie Baden-Wurttemberg 84
DEME Concessions Wind and Siemens Financial Services to Acquire 50% Stake in Kriegers Flak Offshore Wind Farm in Denmark from EnBW Energie Baden-Wurttemberg 86
Macquarie Capital Announces Project Financing for Acquisition of EnBW Baltic II Offshore Wind Power Project in Rugen, Germany from EnBW 87
EnBW to Sell 20% Stake in Wind Farm Portfolio in Germany 88
EnBW Energie Baden-Wurttemberg to Acquire Deutsche Energieversorgung 89
Energiedienst Acquires 51% Stake in winsun 90
Verbund to Acquire 50% Stake in Aquanto from EnBW Energie Baden-Wurttemberg 91
EnBW Energie Baden-Wurttemberg to Acquire Additional 6.28% Stake in MVV Energie from Engie 92
EnBW Energie Baden-Wurttemberg Completes Acquisition of Connected Wind Services 94
EnBW Completes Acquisition Of 74.2% Stake In Verbundnetz Gas From EWE 96
EWE-Verband to Acquire 16% Stake in EWE from EnBW 98
EnBW Energie Baden-Wurttemberg Acquires 7.4% Stake In MVV Energie From Barclays 99
Connected Wind Services Acquires Triventus Service 101
EDF Acquires Remaining 25% Stake In EDF Polska CUW 102
