EnBW faces new €1.5bn hit

EnBW's Baltic 1 offshore wind farm

EnBW's Baltic 1, the first commercial offshore wind farm in German waters.

EnBW, one of Germany's top four utilities, says it has "identified the need to recognise additional impairment of about €1.2bn" ($1.6bn) on its power fleet, mostly due to the fact that its coal-fired plants are making less profits than before amid a boom in renewable energy output. 


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