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EnBWEnergie Baden-Wuerttemberg AG
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References in periodicals archive ?
offshore wind market," EnBW North America Managing Director Bill White said.
The affirmation reflects EnBW's continued evolution towards a more regulated and contracted business profile, with high earnings visibility in grids and renewables partly offset by residual nuclear decommissioning risk.
EnBW will install the charging stations on German autobahns as it and other utilities companies, oil firms and start-ups stake a claim in the growing wave of electric vehicle business.
"The main mission of Borusan EnBW energy is to benefit the economy via sustainable development-contributing renewable energy plants," said Borusan Holding CEO Agah Uy-ur, adding that the company's goal is to reach a 2000-megawatt capacity with its energy portfolio of wind and other renewable sources by 2020, and that $4 billion will be invested in order to meet the mark.
EnBW is looking to collect some EUR2.7bn (USD3.4bn) from asset sales.
EnBW has expertise in the safe handling of radioactive materials and experience from the dismantling of the nuclear power plant in Obrigheim.
Dutch Tennet, the power grid operator responsible for connecting offshore wind farms to the German grid, is expected to postpone the connection of EnBW's wind farm.
Novatek, which is deemed a privately owned competitor of Russian state-affiliated gas company Gazprom, started its supplies to EnBW as of October 1, 2012.
The rating on EnBW's junior subordinated debt has been lowered to 'BBB-' from 'BBB'.
EnBW appears to see NOVATEK as a potential source of natural gas priced below Gazprom's (GAZP RX - Buy) oil-linked benchmark.
Chief Executive Hans-Peter Villis stated that EnBW shareholding in Swiss Energiedienst Holding AG (EDHN.EB) is likely to be 'opened' to other investors.