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.