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BKW's stake in the German Wilhelmshaven coal-fired power plant has long been disputed - the picture shows a demonstration from 2014
Keystone
The energy group BKW is adjusting the value of its stake in the Wilhelmshaven coal-fired power plant in Germany. This will have a negative impact of around CHF 110 million on the operating result (EBIT) in 2025.
The correction is due to changed framework conditions, as BKW announced on Tuesday. The plant is expected to generate less electricity in the future. In addition, electricity prices are fluctuating less than in the past, which is putting pressure on revenue.
Due to the write-down, operating profit EBIT in the region of CHF 540 to 560 million is now expected in the 2025 financial year, BKW added. Without this one-off effect, operating profit is expected to be between CHF 650 and 670 million.
For 2026, the company expects EBIT of between CHF 650 and 750 million. However, regulatory requirements in the grid area will have a negative impact on the result in the current and subsequent years.
At the same time, BKW is investing in a hydrogen-capable gas-fired power plant as part of the "Solutions 2030" strategy to strengthen flexible energy production. Specifically, the Group is aiming to acquire a 40 percent stake in the planned hydrogen-capable gas-fired power plant at the Hamm site in Germany.
20.01.2026, 07:29
