EnBW Scraps Two Major UK Offshore Wind Projects Following Auction Failure
EnBW will record a 1.2 billion euro impairment charge after scrapping two UK offshore wind projects. The developments failed to secure crucial state support.
Insights:
On January 15, 2026, the German utility EnBW Energie Baden-Württemberg AG announced it is taking a 1.2 billion euro impairment charge after scrapping the Mona and Morgan offshore wind projects in the United Kingdom 
GB. The decision comes after the two projects failed to qualify for government support via contracts for difference in a record UK offshore wind tender held this week. The impairment charges are classified as non-operational and will not affect the company's cash flows.
GB. The decision comes after the two projects failed to qualify for government support via contracts for difference in a record UK offshore wind tender held this week. The impairment charges are classified as non-operational and will not affect the company's cash flows.
