EnBW inaugurates 960 MW He Dreiht. EnBW stock sits 6.83 percent below its high

EnBW Energie Baden-Württemberg AG stock (ISIN DE0005220008) was trading at EUR 68.20 at Lang & Schwarz on October 2, 2026 at 2:08 p.m. CEST, down 0.29 percent from the prior close of EUR 68.40. The company inaugurated the 960 MW He Dreiht offshore wind farm on September 17, 2026, according to Energy Global.

He Dreiht adds 960 MW

He Dreiht consists of 64 turbines and is Germany's largest offshore wind farm by installed output. DER AKTIONÄR reported on September 17, 2026, that EnBW invested EUR 2.4 billion in the project and that the Federal Maritime and Hydrographic Agency confirmed its leading capacity position.

EnBW holds 50.1 percent of He Dreiht through a project company. Long-term power purchase agreements finance the project without state funding, while the first turbines are already feeding electricity into the grid.

Six-month figures set the baseline

EnBW reported adjusted EBITDA of EUR 2.268 billion and adjusted Group net profit of EUR 595 million for the first half of 2026. Retained cash flow was EUR 786 million and net debt was EUR 13.913 billion, according to EnBW.

The investment profile is therefore material for the stock narrative: He Dreiht expands renewable capacity, while the EUR 13.913 billion net debt figure shows the balance-sheet scale accompanying the buildout. EnBW's next results are scheduled for November 12, 2026, according to MarketScreener.

Stock sits 6.83 percent below its high

The Lang & Schwarz price of EUR 68.20 stands 6.83 percent below the EUR 73.20 52-week high as of October 2, 2026. The current market capitalization is EUR 22.2 billion, while the Xetra quotation uses the ticker EBK.

At Lang & Schwarz, EnBW stock was trading at EUR 68.20 on October 2, 2026 at 2:08 p.m. CEST, down 0.29 percent versus the prior close of EUR 68.40. The further course of trading is shown by the continuously updated real-time quote of EnBW stock.

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