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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.

Up to50 billion

gross investment by 2030

5.8-6.6 billion

adjusted EBITDA in 2030

10-11.5 GW

installed output of renewable energies in 2030

Up to 20000

fast-charging points by 2030

Strategy
Our energy has a future
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With our sustainable corporate strategy, whose goals we have expanded with 2030 in mind, we are adhering to our integrated position. This enables us to react flexibly and efficiently to market changes and external challenges and to secure our success in the future. We want to lower our own emissions to net zero by no later than 2040.

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.

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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 area is the EnBW He Dreiht offshore wind farm, which has been progressively commissioned since fall 2025. He Dreiht will have a total 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, the power plants in Altbach/Deizisau and Heilbronn are under construction. All three projects have a total capacity of around 1.5 GW.

Sustainable Generation Infrastructure
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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 will, for example, substantially increase our investment in the electricity distribution grid by 2030. Another key focus of our activities is the expansion of the electricity transmission grid. The SuedLink and ULTRANET projects play an important role in this context. To support the decarbonization of the gas sector, we are already preparing our grids to use climate-friendly and climate-neutral gases in future. By way of example, our subsidiaries terranets bw and ONTRAS Gastransport are helping to establish and expand a national hydrogen core network.

System Critical Infrastructure
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In the field of e-mobility, we aim to operate up to 20,000 fast-charging points by 2030. 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 simply offering individual products.

Smart Infrastructure for Customers
Investment
Up to €50 billion by 2030

In the period from 2024 up to and including 2030, we are planning gross investment totaling up to €50 billion. The vast majority of the investment will be realized in Germany. We will further accelerate the pace at which the energy infrastructure of the future is being developed through the investment projects we are planning for the period up to 2030 and ensure that the energy supply remains secure, climate-friendly and affordable in the long term. 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.

In 2030, we expect adjusted EBITDA at Group level to be between €5.8 billion and €6.6 billion. The share of low-risk adjusted EBITDA from grids and renewables is expected 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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