EnBW announced a strategic reorientation to respond to major changes in the energy sector. EnBW aims to invest a total of more than €7bn over the coming years, especially in reorienting its activities. The focus in this context will lie on industrial-benchmark wind and hydro power activities, and the targeted expansion of networks in the transport and distribution network areas – all the way through to so-called smart grids. In addition to previous investment projects, EnBW plans to invest around €3.5bn – and thereby around 50% of these investments – in expanding wind power alone, and a further approximately €3bn in the network business by 2020. Germany, Austria, Switzerland and Turkey will form the focus of activities by way of expanding out of the Group's core regional market in Baden-Württemberg. EnBW aims to significantly boost its capacities from onshore wind parks from currently around 200 MW of installed output to around 1,750 MW by 2020, for example. Offshore wind power represents a further growth option. EnBW has significantly expanded its divestment programme to around €2.7bn in order to maintain the financial headroom
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