German utility EnBW plans to expand further in energy trading and solar power to...
FRANKFURT - German utility EnBW plans to expand further in energy trading and solar power to replace falling profit contributions from conventional energy sources, its chief financial officer Thomas Kusterer said in an interview published on Saturday.
“The cost of solar modules has fallen drastically over the last few years,” he told the Boersenzeitung in an interview.The company operates 100 megawatts of solar power and has built up a project development pipeline of 800 MW, he said. This is where EnBW’s trading arm could add to its core business, offering its expertise with fossil fuels and carbon wholesaling and drawing on a large customer base, he said.
PPAs were important long-term positions that could compensate the loss of coal and nuclear production at EnBW, which would halve its production portfolio from 70 terawatt hours in 2010 to 35 TWh in coming years, he said.
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