Alte Leipziger Hallesche insurance group acquires 49.9% of 600 MW EnBW solar portfolio
Shared objective: investment in low-carbon generation
With a workforce of more than 26,000 employees, EnBW is one of the largest energy supply companies in Germany and Europe. It supplies electricity, gas and water together with infrastructure and energy-related products and services to around 5.5 million customers. Expansion of renewables is a cornerstone of the Company’s growth strategy and a major focus of capital expenditure. EnBW is investing about €4 billion in the further expansion of wind and solar energy between 2021 and 2025 alone. Installed renewable energy capacity is to account for half of EnBW’s generating portfolio by as early as 2025. This is already having a noticeable impact in terms of reducing CO2 emissions, which EnBW plans to halve by 2030. EnBW aims to attain climate neutrality by 2035.
About the ALH Group
A longstanding successful financial services provider, the ALH Group offers customers a full range of insurance and finance products. One of the main focuses is on personal insurance, and especially life and health insurance. The product range is rounded out with property insurance and successful investment fund, saving and mortgage products. With almost €40 billion in funds under management, the ALH Group has successfully invested in renewable energy projects since 2015. The ALH Group’s well-diversified portfolio is now capable of powering over 560.000 three-person households.