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Our strategy

Developing an energy infrastructure fit for the future

As one of the largest integrated energy companies in Germany and Europe, we are working to develop an 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.

Up to € 50 billion

gross investment by 2030

€ 5.8 - 6.6 billion

adjusted EBITDA (target for 2030)

10 - 11.5 GW

installed output of renewable energies (target for 2030)

Around 20 %

market share of all fast-charging points in Germany (target for 2030)

Strategy
Our strategic focus up to 2030

We are adhering to our integrated position with our corporate strategy, whose goals we have expanded with 2030 in mind, enabling us to react flexibly to market changes and external challenges while securing our future success. The EnBW Sustainability Agenda is our way of driving sustainable development at EnBW in environmental, social and economic terms.

Areas of action
We have so many plans

We structure our activities into three segments. For each segment, we have set ourselves ambitious goals.Fußnote0Source: Annual Report 2025

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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 are planning to invest up to €35 billion in grid infrastructure by 2030. Details on the goals, measures and assumptions can be found here. One key focus area of our activities is the expansion of the electricity transmission grid. The SuedLink and ULTRANET projects play an important role in this regard. We are also preparing our grids for the decarbonization of the gas sector. By way of example, our subsidiaries terranets bw and ONTRAS Gastransport are helping to establish and expand a national hydrogen core network.

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. Details on this can be found here. An important milestone on this path is the He Dreiht offshore wind farm, which is being gradually commissioned from fall 2025. He Dreiht will have a total output of 960 MW. In addition to our offshore activities, we continue to expand our onshore wind and photovoltaic businesses. We are addressing the growing need for dispatchable generation capacity through the expansion of our pumped storage power plant in Forbach and new large-scale battery storage systems in Marbach and Philippsburg. At the same time, we are laying the groundwork for the long-term decarbonization of our thermal generation portfolio by building new hydrogen-ready gas power plants.

In addition to the commissioned power plant in Stuttgart-Münster, two others are being built in Altbach/Deizisau and Heilbronn. All three projects have a total capacity of around 1.5 GW.

Smart Infrastructure for Customers

In the area of e-mobility, we are continuing to expand our fast-charging infrastructure in line with demand. Our goal is to continue providing around 20% of all fast-charging points required in Germany. 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 offer our customers a comprehensive range of products and services within the EnBW energy world (only available in german) that goes far beyond individual products.

Investment
Up to €50 billion by 2030

We want to invest a gross sum of up to €50 billion in the period from 2024 to 2030. The vast majority of the investment will be realized in Germany. The planned investment projects will allow us to accelerate the expansion of the energy infrastructure. When making investment decisions, we take into account profitability and sustainability criteria as well as the balance of our portfolio; we explain the underlying criteria in our Annual Report.

In 2030, we expect an adjusted EBITDA of between €5.8 billion and €6.6 billion at Group level. The share of low-risk adjusted EBITDA from grids and renewable energies is set to be at least 70%.

Gross investments 2024-2030

Adjusted EBITDA target 2030

¹ Incl. Other/consolidation

Facts and figures

You can find the contents of this page as well as further information about our strategy and current figures in our Annual Report.