XTRA:EBKElectric Utilities
How EnBW’s Exit From UK Offshore Wind And €1.20bn Impairment At EnBW (XTRA:EBK) Has Changed Its Investment Story
EnBW Energie Baden-Württemberg has in the past decided to discontinue its UK offshore wind projects Mona and Morgan after missing government Contracts for Difference support and judging the schemes uneconomic amid higher supply chain costs, lower power prices, higher interest rates and implementation risks, triggering a €1.20 billion impairment in its 2025 accounts while keeping its adjusted EBITDA outlook unchanged.
This move highlights how EnBW is willing to walk away from large-scale...