āEnBW aims to become a āgreen giantāā
Germanyās third largest utility EnBW hopes investments in wind power and digital services will help it shed the image of a climate-damaging coal and nuclear company, reports Richard Fuchs for broadcaster Deutschlandradio. EnBW is using new management ideas to create a start-up culture, in what amounts to āshock therapyā for a rather traditional and sedate company with 20,000 employees, which is 90 percent publicly owned. But despite strong investments in offshore wind parks, EnBWās renewables share is only 13.8 percent, much of which is generated in old hydropower stations. Activists claim EnBWās new strategic direction consists mainly of āgreenwashingā, reports Fuchs.
Read or listen to the report in German .
For background on the crisis of Germanyās largest utilities, consult the Āé¶¹ĪŽĀė°ę factsheets RWEās plans for new renewable subsidiary and E.ON shareholders ratify energy giantās split.