EnBW sells stake in Mona offshore wind farm to partner JNbp
Karlsruhe/London. EnBW Energie Baden-Württemberg AG (EnBW) is selling its stake in the Mona offshore wind project, with a potential capacity of 1.5 gigawatts (GW) in the Irish Sea, to its partner JERA Nex bp (JNbp). The partners decided to not continue with the sister project Morgan.
The partners had previously obtained a building permit in record time thanks to their successful project development. In the recently completed allocation round organized by the UK Department of Energy Security and Net Zero, the two projects did not receive government support through so-called “Contracts for Difference”. As a result, EnBW announced that it would not pursue either project.
At the same time, offshore wind energy remains an important business field for EnBW as it expands renewable energy capacity. By 2030, the installed output from renewable energies is set to be further expanded from the current figure of approximately 7 GW to at least 10 to 11.5 GW.
The current focus is on completing the construction and commissioning of the 960 MW He Dreiht offshore wind farm in the German North Sea this summer. Furthermore, EnBW is developing its 1,000 MW Dreekant project in the German North Sea. EnBW and JNbp will continue to pursue the Morven project in Scotland together.
About EnBW Energie Baden-Württemberg AG
With a workforce of some 30,000 employees, EnBW is one of the largest energy supply companies in Germany and Europe. Providing energy to some 5.5 million customers, EnBW serves all stages of the value chain, from generation and trading to grid operation and the sale of electricity, heat energy and gas. In the company’s transformation from a traditional energy provider to a sustainable infrastructure group, the expansion of renewable energy sources and of the distribution and transportation grids for electricity and gas, including hydrogen, are cornerstones of EnBW’s growth strategy and the focus of its investment spending. EnBW plans gross investment of at least €40 billion by 2030, around 90% of which will be in Germany. By then, renewables are planned to account for around 80% of the EnBW generation portfolio, with coal to be phased out by the end of 2028 provided conditions allow. These are key milestones on the way to company’s carbon neutrality by 2035. www.enbw.com