EnBW acquires E.ON power station shares and strengthens its generating position

Karlsruhe. EnBW Energie Baden-Württemberg AG is buying E.ON’s 50 per cent share in the Lippendorf Block S coal-fired power station and its 8.3 per cent share in the Bexbach coal-fired power station. A contract to this effect has now been signed by the two companies. The purchase of E.ON’s share means that EnBW now owns more than 880 megawatts of installed output in Lippendorf. Even before the acquisition EnBW already had a share in both the Lippendorf and Bexbach power stations.

The signing of the contract was preceded by a memorandum of understanding agreed in December 2008. The Lippendorf power station is in the Free State of Saxony, around 15 kilometres south of Leipzig. The Bexbach power station lies on the river Saar and has a total installed output of 773 megawatts.

To strengthen its generating position, at the end of February 2009 EnBW purchased three new onshore wind parks with 26 wind turbines producing a total output of 52 megawatts. Over the last few weeks EnBW has also assigned all the main contracts for Baltic 1, one of four wind power projects being pursued by EnBW with a total output of around 1200 megawatts. The projects will be completed over the next few years and represent a total investment of around three billion euros. Baltic 1 should come on stream in the last quarter of 2010 and will be Germany’s first commercial offshore wind park.

EnBW is also expanding the hydroelectric power plant at Iffezheim and installing an additional turbine with an output of 38 megawatts. The new fifth turbine will bring the total output of the Iffezheim hydroelectric power plant up to 148 megawatts. This will make it one of the largest river power plants in Europe. Preparatory construction measures at Iffezheim are already completed.

In 2008 a combination of long-term purchase contracts and part-shares in power stations provided EnBW with a total output of 15,000 megawatts of installed power. Of this, 4,846 megawatts come from nuclear power stations, 6,585 megawatts from conventional power stations, 3,472 megawatts from river and reservoir power stations, and 97 megawatts from other renewable energies.