Renewables substantially increased their contribution to EnBW earnings – helped by better onshore and offshore wind conditions, higher prices and the commissioning of large new solar arrays in Germany that were built without subsidies – as the utility during the first half of 2022 faced a volatile market in the wake of Russia’s invasion of Ukraine.

Adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) in the company’s sustainable generation infrastructure business rose by 17.1%