The energy company’s operating business performed very well in the first six months of the year. For this purpose, E.ON will invest a double-digit million sum and has committed to adopting ecological corridor management Group-wide by 2026.ĬFO Marc Spieker commented on E.ON’s results for the first half of 2021. E.ON, an energy-industry pacesetter, supports the United Nations Environment Program’s “Decade for the Restoration of Ecosystems.” As part of this partnership, E.ON is transforming an area the size of 100,000 soccer fields under its high-voltage power lines in Europe into valuable biotopes. E.ON aims to be carbon-neutral by 2040 and also to improve biodiversity. Germany’s new climate targets will accelerate the need for these investments.īirnbaum also emphasized the importance of sustainability targets. It also requires an internationally competitive regulatory framework for investors to mobilize the necessary capital for this infrastructure.” Even before Germany made its climate targets more ambitious, E.ON and RWTH Aachen University conducted a study whose calculations showed that the country will have to investment more than €110 billion in distribution network infrastructure by 2050. The distribution networks that we operate are particularly crucial for people’s everyday lives.”īirnbaum therefore called on German policymakers to accelerate consents processes and to establish a reasonable rate of return on investments in energy networks: “Strong and reliable infrastructure requires solid financing. “The catastrophic events have served as a painful reminder of the paramount importance of reliable and resilient energy infrastructure. In this regard, Birnbaum emphasized the significance of strong, robust infrastructure. Presenting the company’s first-half results, E.ON CEO Leonhard Birnbaum expressed his sympathy for the victims of the disaster and thanked all employees who were pushed to their limits in recent weeks. E.ON swiftly assembled around 1,000 employees and specialists from across the country to help its Westenergie subsidiary and provide rapid assistance in the network areas affected. The E.ON Group has almost fully restored electricity service in the areas of Germany affected by catastrophic storms in mid-July. Forecast for 2021 financial year increased, medium-term targets and dividend policy affirmed.Adjusted EBIT up 45 percent to about €3.2 billion, adjusted net income up 86 percent to roughly €1.8 billion.Strong operating performance characterized by improvements at the sales business and a weather-driven increase in gas sales volume agreement on residual power output rights leads to significant earnings increase.Successful large-scale response swiftly restores electricity service in areas of Germany affected by floods.E.ON delivers strong first-half performance and conducts successful crisis management in flood regions
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