Overview
- The Mona and Morgan schemes, planned at roughly 3 gigawatts combined, were to be developed with BP in the Irish Sea.
- EnBW cites the lack of state support in the latest allocation round, elevated supply-chain costs, lower wholesale power prices, higher interest rates and persistent execution risks.
- The €1.2 billion impairment will be recorded in the 2025 annual financial statements, and the company kept its adjusted EBITDA guidance at €4.8–5.3 billion.
- Shares rose initially after the announcement, according to market reports.
- Handelsblatt reporting cited by manager magazin indicates the group could post a net loss for the year after profits fell more than 60% to about €590 million in the first nine months.