Power price dip hits EnBW earnings
- Admin
- May 14, 2024
- 1 min read
Renewables earning at EnBW fell 24% in the company’s fiscal third quarter due to a fall in market power prices. EnBW recorded adjusted EBITDA of €331.3m in the three months to end-March. EnBW also mentioned investing a total of €506m in new renewables, with a significant increase mostly in the offshore wind sector. Deputy chief Thomas Kusterer commented on the market environment and expected group-wide earnings for the current financial year to be slightly lower.
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