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1496926800000 | IR Press Release

EnBW and Enbridge continue their successful cooperation with the Albatros wind farm in the North Sea

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Karlsruhe. Following the final decision on construction and investment taken by the Supervisory Board of EnBW at the beginning of May, the co-investor for the fourth EnBW offshore wind farm Albatros with a capacity of 112 megawatts has now been announced: As with the EnBW Hohe See offshore wind farm, the Canadian energy infrastructure company Enbridge Inc. will acquire 49.89 percent of the shares in EnBW Albatros, while EnBW will retain the remaining 50.1 percent.

As a result, EnBW and Enbridge have expanded their cooperation to include a second offshore project and will now jointly realise both projects – EnBW Hohe See and EnBW Albatros – together. The agreed participation model envisages that both partners will jointly oversee and finance the further realisation of the projects from construction through to commissioning. EnBW will control and monitor all activities during the further realisation of the projects. Enbridge will co-develop the projects with its own employees who will be integrated into senior roles in the project team. EnBW will be responsible for the operational management and maintenance of the finished wind farms based on a long-term service and management contract.

Albatros is located in the so-called "exclusive economic zone" of the North Sea in the immediate vicinity of the EnBW wind farms Hohe See and He Dreiht on an area covering 11 square kilometres. Albatros will feature 16 turbines of type Siemens SWT-7.0-154 and will have an installed capacity of 112 megawatts. The project already has binding approval for connection to the grid and will now be constructed together with the Hohe See wind farm, which was approved in December 2016, to deliver a total capacity of 610 megawatts. After the scheduled commissioning of the wind farms in 2019, Hohe See and Albatros will together generate around 2.5 billion kilowatt hours of electricity annually. This energy will supply around 710,000 households and save around 1.9 million tonnes of CO2 per year. The electricity generated by Albatros and Hohe See will thus cover the aggregate electricity requirements of all private households in Munich – Germany's third largest city.

About EnBW

EnBW Energie Baden-Württemberg AG supplies around 5.5 million customers with electricity, gas, water and energy-related services and products. EnBW is resolutely pushing forward the German Energiewende under the motto “Energiewende. Safe. Hands on.” The EnBW 2020 strategy envisages the expansion of renewable energies to make them one of the main pillars of the EnBW business by 2020. Offshore wind power will play an important role in this process. In the Baltic Sea, EnBW has been successfully operating Germany's first commercial offshore wind farm EnBW Baltic 1 for over three years. In September 2015, EnBW Baltic 2 was placed into commercial operation with an output of 288 megawatts. In April 2017 EnBW has been successful against a field of renowned bidders in the first offshore auction in Germany with the acceptance of its bid for the “He Dreiht” wind farm. The EnBW bid for the construction of the 900 megawatt project did not include EEG subsidies. Following the acceptance of the bid today, the path is now clear for one of the largest offshore projects planned in Europe.

About Enbridge Inc.

Enbridge Inc. is North America’s premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation. The Company safely delivers an average of 2.8 million barrels of crude oil each day through its Mainline and Express Pipeline, and accounts for approximately 64% of U.S.-bound Canadian crude oil production, and moves approximately 20% of all natural gas consumed in the U.S. serving key supply basins and demand markets. The Company’s regulated utilities serve approximately 3.5 million retail customers in Ontario, Quebec, New Brunswick and New York State. Enbridge also has a growing involvement in electricity infrastructure with interests in nearly 3,000 MW of net renewable generating capacity, and an expanding offshore wind portfolio in Europe. The Company has ranked on the Global 100 Most Sustainable Corporations index for the past eight years; its common shares trade on the Toronto and New York stock exchanges under the symbol ENB.

Life takes energy and Enbridge exists to fuel people’s quality of life. For more information, visit www.enbridge.com.

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Corporate Communications
EnBW Energie Baden-Württemberg AG
Durlacher Allee 93
76131 Karlsruhe
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