EnBW signs contract to phase out brown coal
Berlin/Karlsruhe. Today in Berlin, EnBW has co-signed the contract regulated by public law between the federal government and the power plant operators to phase out the use of brown coal. The risk to EnBW of compensation claims potentially being lodged by Mibrag AG as the supplier of brown coal was eliminated beforehand. For EnBW, the contract means that the company’s sole brown coal block – Lippendorf Block S – will be decommissioned by no later than the end of 2035 with no compensation payments.
“As a company, we have set ourselves the target of achieving climate neutrality by 2035 and stand fully behind the overriding aim of phasing out the use of coal. The timetable now agreed brings planning certainty to Lippendorf, the employees and ourselves,” explained Georg Stamatelopoulos, Senior Vice President of Generation, who signed the contract on behalf of EnBW.
Due to the fact that the talks to exclude the possibility of compensation claims have only recently been concluded, the EnBW Supervisory Board has not yet had an opportunity to examine the agreement. The signature is therefore still subject to the corresponding approval of the board.