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2019-03-29 10:45:00

EnBW RENEWABLE INVESTMENT $13.5 BLN

EnBW RENEWABLE INVESTMENT $13.5 BLN

REUTERSEnBW on Thursday unveiled a 12-billion euro ($13.5 billion) investment plan and said it was close to acquiring French renewable group Valeco, as the German utility continues its strategy of moving away from fossil fuels.

The spending plan, covering the 2021-2025 period, mainly focuses on modernizing energy and gas networks, its operational backbone due to regulated returns, as well as expanding its generation portfolio, most notably wind and solar.

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Tags: GERMANY, EnBW, RENEWABLE
Chronicle:
EnBW RENEWABLE INVESTMENT $13.5 BLN
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