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EnBW Reports Decline in Q1 Gross Investment, Mostly Focused on Energy Infrastructure

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German energy firm Energie Baden-Wurttemberg on Tuesday reported Q1 gross investment of 1.17 billion euros, mostly allocated to gas and electricity transmission grids, electricity distribution grids, and offshore wind power, down 21.1% from investments of 1.48 billion euros a year ago.

Investments in growth projects accounted for 967.5 million euros or 82.9% of the total amount, while 199.6 million euros or 17.1% was allocated to existing projects, the company said in its Q1 earnings statement.

In Q1, gross investment in the system critical infrastructure segment rose to 701.7 million euros, compared with last year's 618.6 million euros.

Investments in the sustainable generation infrastructure segment almost halved to 369.8 million euros in Q1 from 744 million euros in the year-ago period.

EnBW said its installed renewable energy capacity has risen to 7.4 gigawatts or about 66% in 2025 from 3.7 GW or 28% in 2018.

"The company aims to reduce its own emissions to net zero by 2040 and emissions along the upstream and downstream supply chain by 2050 at the latest," the statement added.

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