Stuttgart – EnBW Energie Baden-Württemberg AG (EnBW) has sold all of its shares in EnBW Kraftwerk Lippendorf GmbH and therefore in the Lippendorf brown coal-fired power plant to EP Energy Transition. The transfer of the shares will take place with the closing of the transaction on 31 December 2025. Details of the purchase price were not disclosed. The transaction is subject to clearance by the competition authorities and further customary closing conditions.
The jointly owned power plant in Lippendorf has been in operation since 1999 and has two power plant blocks (R and S), each with a net electrical output of 875 megawatts (MWel). The plant generates a plant load factor of around 46 %, making it one of the most efficient brown coal power plants in Europe. Block R is owned by LEAG, a subsidiary of EP Energy Transition, while block S is owned by EnBW. LEAG operates both power plant units with its on site staff. The two companies each hold a 50 % stake in the operating facilities. With the sale of its only brown coal block, EnBW will become brown coal-free by the end of 31 December 2025. This will cut the company's coal-based electricity generation capacity to 2,260 MWel. By the end of 2025, EnBW will have reduced its coal-fired generation capacity by around 40 % within the space of two years.
A CMS team led by partner Dr Carolin Armbruster and Dr Jochen Lamb provided comprehensive legal advice to EnBW on the transaction. EnBW is a long-standing CMS client.
With a workforce of 30,000 employees, EnBW is one of the largest energy supply companies in Germany and Europe. It supplies energy to around 5.5 million customers and is active at all stages of the value chain, from generation and trading to grid operation and the sale of electricity, heating and gas.
Dr Bernd Wörner (group expert in commercial and corporate law) handled the transaction for EnBW.
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