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Our strategy

Development of a sustainable energy infrastructure fit for the future

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As one of the largest integrated energy companies in Germany and Europe, we are committed to developing a sustainable energy infrastructure that is fit for the future. Whether it involves renewable and available generation, trading, transmission and distribution grids, sales or e-mobility, we cover all business areas along the entire energy value chain. We will continue to follow this strategic course until 2030.

> €0 billion

invested in the energy transition by 2030

0-0 billion

adjusted EBITDA in 2030

0-0 GW

of renewable generation capacity by 2030

> 0

fast-charging points by 2030

Strategy
Our energy has a future
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Our sustainable corporate strategy, whose goals we have expanded with 2030 in mind, takes into account economic, environmental and social aspects. We are adhering to our integrated position that has proven to be successful in the past and which we believe will also secure our success in the future. This enables us to react flexibly and efficiently to market changes and external challenges. In the area of sustainability we want to achieve climate neutrality in terms of our own emissions by no later than 2035.

To ensure that our business remains profitable in the long term, we plan to increase our investment in the short and medium term in an energy system that is fit for the future. That is how we want to continue to play a leading role in developing the energy infrastructure of the future in Germany. We resolutely take economic and sustainability criteria into account when making investment decisions, while seeking to maintain a balanced portfolio. We then align our growth with these aspects.

Areas of action
We have so many plans
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We structure our activities into three segments. For each segment, we have set ourselves ambitious goals.

Sustainable Generation Infrastructure
System Critical Infrastructure
Smart Infrastructure for Customers
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Sustainable Generation Infrastructure

We aim to increase the total generation capacity of our renewable energy power plants to between 10 GW and 11.5 GW by 2030. An important milestone in this regard is the EnBW He Dreiht offshore wind farm, which is due to be placed into operation in 2025 with an output of 960 MW. At the same time, we are pushing forward the decarbonization of our thermal generation portfolio with the new construction of hydrogen-ready gas power plants. In addition to the commissioned power plant in Stuttgart-Münster, two more are under construction. All three projects have a total capacity of around 1.5 GW.

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System Critical Infrastructure

Our grid subsidiaries will continue to expand both the transmission and distribution grids for electricity and gas, as well as for hydrogen in the long term. We plan to more than double our grid capacity in the transmission and distribution grids for electricity by 2030 compared to 2023, provided that demand grows accordingly. The SuedLink and ULTRANET projects are playing a key role in the expansion of the electricity transmission grid. To support the decarbonization of the gas sector, our grids are being prepared for the use of climate-friendly and climate-neutral gases in the future. By way of example, our subsidiaries terranets bw and ONTRAS Gastransport are helping to establish and expand a national hydrogen core network.

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Smart Infrastructure for Customers

In the area of e-mobility, we aim to further expand our fast-charging infrastructure to more than 20,000 fast-charging points by 2030 and consolidate our market share of around 20% in this sector. In the retail and commercial business (B2C), we will continue to rely on digitalization in relation to our sales of electricity and gas, while improving our cost efficiency. We also want to offer our customers a comprehensive range of products and services within a “networked energy world” that goes far beyond simply offering individual products.

Investment
> €40 billion by 2030
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In the period from 2024 up to and including 2030, gross investment of at least €40 billion is planned. Taking into account corresponding partnerships, we expect total net investment of around €22 billion by 2030. The taxonomy-compliant expanded capex is expected to be more than 85 %. There is the possibility of additional investment to the tune of €10 billion in order to build an energy infrastructure that is fit for the future and guarantee security of supply.

In 2030, we expect an adjusted EBITDA of between €5.5 billion and €6.3 billion at Group level. The share of low-risk adjusted EBITDA from grids and renewable energies is set to be at least 70 %.

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Gross investments 2024-2030

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Adjusted EBITDA target 2030

¹ Incl. Other/consolidation

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Additional facts and figures

Would you like to find out more about EnBW? The Annual Report contains lots more information about our strategy and business activities as well as our latest figures.

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