EnBW Energie Baden-Württemberg AG
German energy company supplying electricity and gas while developing power networks, renewable generation, charging infrastructure and other energy services.
Last updated August 31, 2026
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Overview
EnBW Energie Baden-Württemberg AG, generally known as EnBW, is a German integrated energy company headquartered in Karlsruhe. It was created on 1 January 1997 through the merger of Badenwerk AG and Energie-Versorgung Schwaben AG (EVS), two utilities rooted in the state of Baden-Württemberg. The company later expanded its regional corporate base by merging with Neckarwerke Stuttgart AG in 2003. EnBW operates across electricity generation, energy supply, gas, electricity networks, renewable energy, electromobility, distributed energy and related infrastructure. Historically, EnBW combined conventional generation, nuclear power, coal and gas assets with regional supply and network operations. Germany's nuclear phase-out and wider energy transition prompted a major strategic change under chief executive Frank Mastiaux, appointed in 2012. EnBW announced a goal of increasing renewables' share of its generation mix from 12% to 40% by 2020, and reported reaching 40.1% in 2021. Wind power became a central growth area, particularly offshore wind in the Baltic and North seas, alongside onshore wind and solar projects. The company developed EnBW Baltic 1, which entered service in 2011, followed by the larger Baltic 2 in 2015. Its North Sea projects Hohe See and Albatros began operating in 2020, while the 900 MW He Dreiht project represented a further move toward large unsubsidised offshore generation. EnBW's renewable portfolio has also been internationalised selectively. It acquired the French renewable developer Valeco in 2019, operates in Sweden and Denmark, maintains a renewable-energy joint venture with Borusan in Turkey, and has pursued offshore wind opportunities in Taiwan, the United States and the British Isles. The company has additionally invested in photovoltaic generation, including large-scale solar farms, and acquired the German home-storage company Senec in 2018. Beyond generation, EnBW owns or controls important infrastructure businesses. Its subsidiary TransnetBW operates the high-voltage transmission network in Baden-Württemberg. In 2023, EnBW sold approximately one quarter of TransnetBW to a consortium led by German savings banks, while the state-owned KfW acquired a 24.95% minority stake. EnBW has also made electromobility a strategic growth area through its EnBW mobility+ service, which combines charging-point discovery and payment functions across several European countries. Partnerships with motorway service-area operator Tank & Rast and Austrian charging company SMATRICS supported expansion of its fast-charging network. The company serves approximately 5.5 million customers and is commonly described as Germany's third-largest energy company. It has publicly reported a workforce of roughly 27,000 and 2022 revenue of approximately €56 billion. EnBW has stated an intention to end coal use by 2028, reinforcing its repositioning toward renewable generation, energy networks and electrification. Its ownership structure remains closely connected to Baden-Württemberg: NECKARPRI represents the state government, while OEW represents municipalities in the region.
History
EnBW was established on 1 January 1997 through the merger of Badenwerk AG and Energie-Versorgung Schwaben AG. The merger created a major energy company serving Baden-Württemberg and provided the corporate foundation for later expansion beyond the region. On 1 October 2003, EnBW merged with Neckarwerke Stuttgart AG, further consolidating electricity and energy operations in southwestern Germany. For much of its earlier history, EnBW operated as a conventional integrated utility with electricity generation, gas activities, supply operations and network assets. Its portfolio included nuclear, coal, gas, oil, hydroelectric and other generation facilities. The German energy transition changed the company's strategic environment, particularly after the decision to phase out nuclear power. Frank Mastiaux became chief executive in March 2012, and by the end of that year EnBW had publicly set out a new direction: renewables were to rise from 12% of its energy mix to 40% by 2020. Offshore wind became one of the most visible elements of the transformation. EnBW Baltic 1, consisting of 21 turbines in the Baltic Sea, entered operation in 2011 and was Germany's first commercial offshore wind farm. Baltic 2, with 80 turbines, followed in 2015. In the North Sea, the Hohe See and Albatros projects entered operation in early 2020 with combined capacity of 609 MW. EnBW also secured development rights for the 900 MW He Dreiht project in 2017. The project was notable as an unsubsidised offshore wind development and was scheduled for completion in 2025. Onshore wind expansion took place in Baden-Württemberg and other German states, while acquisitions added wind capacity in Sweden and France. EnBW broadened its renewable portfolio through internationalisation and acquisitions. It acquired seven Swedish wind farms in 2019 and completed the purchase of Valeco in France the same year. It maintained activities in Denmark through Connected Wind Services and participated in a Turkish renewable-energy joint venture with Borusan. Offices in Taiwan and the United States supported efforts to compete for offshore wind opportunities. In 2021, EnBW and BP won rights to develop two offshore-wind areas in the Irish Sea. From 2017 onward, the company also developed businesses related to electrification and decentralised energy. Its cooperation with Tank & Rast expanded charging along German motorways, while the EnBW mobility+ app combined charging discovery and payment in Germany, Austria, Switzerland, France, Italy and the Netherlands. A joint venture with SMATRICS extended its fast-charging activities into Austria. EnBW also invested in large photovoltaic projects and purchased Senec in 2018 to add home battery storage and distributed-energy capabilities. Network infrastructure remained another major business. Through TransnetBW, EnBW operates the high-voltage transmission grid in Baden-Württemberg. In 2023, EnBW reduced its direct holding by selling approximately one quarter of TransnetBW to a savings-bank-led consortium. KfW separately acquired a 24.95% minority interest, reflecting the strategic importance of transmission infrastructure to Germany's energy transition. EnBW has continued to manage conventional assets while pursuing decarbonisation. Its nuclear facilities at Neckarwestheim, Obrigheim and Philippsburg are associated with the company's historical generation portfolio, with the named facilities decommissioned or shut down. In March 2023, EnBW announced that it intended to end coal usage by 2028. The company's current strategic identity therefore combines regional utility roots with renewable generation, grid infrastructure, electric mobility, solar and storage, and selective international growth.
- 2023
Coal-exit target announced
[1]EnBW announces its intention to end coal use by 2028.
- 2020
Hohe See and Albatros commence operation
[1]Two EnBW North Sea wind farms with combined capacity of 609 MW begin operating.
- 2018
Senec joins EnBW
[1]EnBW acquires Senec, expanding into residential photovoltaic storage and distributed energy.
- 2017
He Dreiht development rights secured
[1]EnBW wins the right to develop the 900 MW He Dreiht offshore wind farm without operating subsidies.
- 2015
Baltic 2 enters service
[1]The 80-turbine Baltic 2 offshore wind farm becomes operational.
- 2012
Renewable-energy reorientation
[1]Following the appointment of Frank Mastiaux, EnBW announces a strategy to increase renewables' share of its energy mix to 40% by 2020.
- 2011
Baltic 1 begins operation
[1]EnBW's 21-turbine Baltic 1 offshore wind farm enters service in the Baltic Sea.
- 2003
Merger with Neckarwerke Stuttgart
[1]EnBW further consolidates its southwestern German energy operations through a merger with Neckarwerke Stuttgart AG.
- 1997
EnBW is formed
[1]Badenwerk AG and Energie-Versorgung Schwaben AG merge to establish EnBW Energie Baden-Württemberg AG.
Products and positioning
A Baden-Württemberg-rooted integrated energy company repositioning itself around renewable generation, critical energy infrastructure, electrification and decarbonisation.
Energy supply
Electricity and gas supply
EnBW supplies electricity and natural gas to households, businesses and other customers, primarily in Germany. These retail and commercial activities sit alongside the company's generation and network businesses, allowing EnBW to participate across several stages of the energy value chain.
Renewable energy · 2011
Offshore wind generation
EnBW develops and operates offshore wind farms in the Baltic and North seas. Its portfolio includes Baltic 1, Baltic 2, Hohe See and Albatros, while He Dreiht represents a large next-generation project designed to operate without conventional operating subsidies.
Renewable energy
Onshore wind and solar generation
The company operates and develops onshore wind farms across Germany, Sweden and France, as well as photovoltaic projects. Its solar strategy includes utility-scale installations and an ambition to expand photovoltaic capacity in Germany and selected international markets.
Electric mobility · 2017
EnBW mobility+
EnBW mobility+ is a charging service combining electric-vehicle charging-point discovery, access and payment. Its coverage extends across Germany, Austria, Switzerland, France, Italy and the Netherlands, supported by motorway and international charging partnerships.
Energy services · 2018
Solar storage and distributed energy
Through Senec, EnBW offers residential photovoltaic storage and related distributed-energy solutions. The business complements EnBW's utility-scale generation by addressing household self-consumption, battery storage and decentralised energy management.
Energy infrastructure
TransnetBW transmission network
TransnetBW operates the high-voltage transmission system in Baden-Württemberg. It is a critical infrastructure business supporting electricity transport, grid stability and the integration of renewable generation into Germany's power system.
Marketing campaigns
- 2017EnBW mobility+ charging expansion
Germany · Austria · Switzerland · France · Italy · the Netherlands
EnBW expanded its electric-mobility proposition through the mobility+ app, motorway charging cooperation with Tank & Rast and later partnerships supporting fast charging in Austria.
Outcome. The initiative established electromobility as a major growth area and expanded EnBW's public charging footprint.
- 2010Football club sponsorship
Germany
EnBW was the principal sponsor of VfB Stuttgart and Karlsruher SC for several years and continued supporting both clubs at a lower level after 2010.
Outcome. The sponsorship strengthened the company's regional visibility in Baden-Württemberg.
Brand decisions
2023
Commit to ending coal use by 2028StrategyBackground
Decarbonisation policy and the expansion of renewable generation increased pressure to reduce coal-fired generation.
Action taken
EnBW announced an intention to end coal usage by 2028.
Aftermath
The announcement reinforced EnBW's transition toward renewables, grids, electrification and other lower-carbon businesses.
2023
Restructure ownership of TransnetBWM&ABackground
Transmission infrastructure is strategically important to Germany's energy transition and requires substantial investment.
Action taken
EnBW sold approximately one quarter of TransnetBW to a savings-bank-led consortium, while KfW acquired a 24.95% minority stake.
Aftermath
The transactions brought additional institutional and public-sector participation into the transmission-grid business.
Reported sale value for approximately one quarter of TransnetBW. Approximately €1 billion (2023)
2018
Acquire SenecM&ABackground
EnBW wanted to extend its energy-transition portfolio beyond utility-scale generation into household solar and storage.
Action taken
EnBW acquired Leipzig-based battery-storage manufacturer Senec.
Aftermath
The acquisition added residential storage and distributed-energy capabilities to EnBW's offering.
2015
Sell an interest in Baltic 2M&ABackground
EnBW sought to manage capital requirements while continuing to build its offshore-wind portfolio.
Action taken
The company sold a stake in Baltic 2 to Macquarie.
Aftermath
EnBW retained participation in the offshore project while releasing capital for further investment.
Reported transaction value. €720 million (January 2015)
2012
Reorient the portfolio toward renewable energyStrategyBackground
Germany's nuclear phase-out and energy transition changed the economics and strategic outlook for conventional generation.
Action taken
EnBW set a target of increasing renewables' share of its energy mix from 12% to 40% by 2020, with wind power as a principal growth engine.
Aftermath
The company reported a renewable share of 40.1% in 2021 and became a significant offshore and onshore wind developer.
Recent events
Electreon and EnBW announce plans for German wireless electric road system[3]
Reported:
Electreon Wireless and EnBW announced plans to build Germany’s first wireless electric road system. Electreon will provide a turnkey system and an electric bus, while EnBW will manage the project, provide grid connections, and communicate with local authorities.
Sources3 sources
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