Yet another European utility suffers hit from wind drought
Historic wind drought in northern Europe this year has also hit profits of utilities including RWE and EDP Renewables
EnBW is the latest power giant to be stung by weak winds in northern Europe this year as it reported its earnings have dipped for the first half of 2025.
EnBW generated operating earnings (adjusted Ebitda) of €2.4bn ($2.8bn) in the first six months of this year, the German utility reported today.
That is a 7% decrease on the same period last year, when it posted €2.6bn.
At around €525m, adjusted Ebitda for its renewables segment was around 12% down year on year, it said, “mainly due to unfavourable weather conditions.”
“Offshore wind conditions in particular were very weak across Germany in the first six months of 2025, compared to both the long-term average and the same period last year.”
For the full year 2025, EnBW confirmed the guidance published in its last annual report, with adjusted Ebitda for the group expected to be between €4.8bn and €5.3bn.
Thomas Kusterer, deputy CEO and CFO of EnBW, said: “We are in a phase of unprecedentedly high investment, with over €3bn invested in the first six months of 2025 alone. We are planning to invest up to €50bn by 2030.”
EnBW said it has 1.7GW of renewable energy assets currently under construction. By 2030, renewables are to account for between 75% and 80% of EnBW’s installed generation capacity, compared to around 60% today, it said.
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