Germany's EnBW wants more funds for renewables acquisitions

06/17/2013 | Bloomberg

German utility Energie Baden-Wuerttemberg increased its asset sales target from $2.1 billion by 2015 to $4 billion by 2020 in a bid to secure more funds to pay for more renewable-energy purchases. EnBW is seeking to boost the share of renewables in its electricity supply to nearly 40% in 2020 in a bid to remain competitive as the country moves away from nuclear power. EnBW is planning to invest $4.7 billion in wind energy through 2020.

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