MVV is shaping the future
Sustainability is a key pillar of our corporate strategy. For us, responsible activity and business sustainability involve
- Maintaining a balance between profitable growth and social responsibility
- Consistently enhancing our business model and thus securing our long-term economic success
- Being aware of the ecological and social implications of our own business activities and reducing our impact on the natural world
- Creating and retaining sustainable jobs and training positions for our employees
- Making a measurable contribution to converting the energy industry and protecting the climate and environment.
MVV Sustainability Strategy
Our Sustainability Targets
- 1. We will connect 10,000 megawatts of new renewable energies to the grid over the next ten years.
We intend to newly connect 10,000 megawatts of renewable energies to the grid by 2026. Here, we will focus in particular on onshore wind turbines and photovoltaics systems.
Protecting the climate and converting energy generation are a global challenge. In view of this, the new plants will be developed and implemented both in Germany and abroad.
10,000 megawatts are roughly equivalent to the installed capacity of ten large power plants.
- 2. We will double our proprietary electricity generation from renewable energies over the same period.
We are consistently investing in expanding renewable energies, and currently above all in onshore wind power and biomass. By 2026 at the latest, we intend to have at least doubled our proprietary electricity generation from renewable energies compared with the 2016 financial year. Between 2010 and 2016, we already increased our generation capacities at renewable energies plants by 100 percent – from around 200 megawatts to 418 megawatts.
This sustainability target shows that we see our success in converting the German energy system to date as confirming our strategy and as a motivation to maintain a high pace of investment. The further doubling in capacities within a decade to around 800 megawatts corresponds to the capacity of a large power plant. This way, we will be able to supply a further 300,000 households with sustainably generated electricity.
The speed at which this capacity addition target can be achieved will also be influenced by developments on the markets and in the regulatory environment. The distribution of capacities among individual technologies also depends on the intensity of competition, on achievable project yields and on the further development in the German Renewable Energies Act (EEG). Within this framework, we will – like in past years – closely monitor the market and seize our opportunities.
Our current portfolio is attributable in roughly equal shares to biomass and biogenic waste (around 52 percent) and wind power (around 47 percent). In calculating these figures, we include plants at fully consolidated companies at 100% and plants at other companies in line with the respective level of shareholding.
- 3. We will invest a total of three billion euros in the energy turnaround in the years ahead. The energy system of the future remains our key investment focus.
In the MVV 2020 strategy adopted in 2010 we already communicated an investment target of Euro 3 billion within ten years. These investments have now largely been made. By 2026, we will be investing a further total of three billion euros both in Germany and abroad. These funds will be channelled above all into renewable energies, energy efficiency, and maintaining and modernising our existing plants and grids – and thus also in our supply reliability.
This way, we will be underlining our claim to be a dynamic driver of the energy turnaround in future as well. Investments are no end in themselves – they have to be economically viable on a long-term basis. In view of this, we are not prematurely committing ourselves to investment targets for individual business fields or technologies. We will rather set our focuses in line with future developments in the political and regulatory environment, as well as in the market climate.
- 4. As a competent partner, we will offer all customers – from private households to industrial players – the products and services they need to implement their own energy turnarounds.
We inspire with energy. Given our passionate and consistent commitment to building a sustainable energy system, we enable all our customers to play an active role in implementing the energy turnaround. We view ourselves not only as a reliable energy supplier primarily selling energy-related products. We also see ourselves as a long-term partner to our customers and therefore offer bespoke energy-related products, services and solutions to all our customer groups. This applies to private customers in the same way as to commercial, retail, industrial and real estate players.
The challenges associated with the energy turnaround are becoming ever more complex. That holds true for our customers as well when it comes to legal, regulatory and technical requirements. Supplying commodities still forms part of our product range. However, commodities are being joined by new technology-driven topics, such as “prosuming”, e-mobility, energy management and controlling, lighting technology, tenant electricity and innovative flexibility and storage solutions. Our aim is to inspire and satisfy our customers on a long-term basis and thus to ensure high customer retention, loyalty and recommendation rates.
- 5. We will triple our annual CO2 savings to one million tonnes a year within the next ten years.
At present, our activities result in net CO2 savings in the energy system, i.e. genuine climate-effective savings, of around 330,000 tonnes a year. By 2026, we will increase these net savings to at least 1 million tonnes a year. In measuring this ambitious target, we will only include those climate-effective CO2 savings in which have invested ourselves or bear the economic risk. This figure will therefore benefit above all from our proprietary renewables plants and efficiency enhancement projects. It will also benefit, from example, from the high-efficiency gas-powered combined heat and power plant current under construction in Kiel. This way, we are demonstrating that investing in non-renewable energies can also contribute to the success of the energy turnaround.
Net CO2 savings of one million tonnes are equivalent to the annual emissions of 300,000 cars each travelling 15,000 kilometres a year.