EP Energy Transition will serve as a dedicated group to accelerate energy transition and green transformation in utmost focused and efficient way.
The EP Energy Transition group will eventually consist of a portfolio of assets under the umbrella of German companies LEAG (EPH will be holding no shares in LEAG by the end of 2023) and JTSD group. MIBRAG (EPH will be holding no shares in JTSD by the end of 2025).
The EP Energy Transition group will focus on the development of renewable energy projects with an estimated total installed capacity of 7+ GW, the replacement of existing network-critical power generation capacities with highly efficient hydrogen-ready gas power plants, other energy transition projects and active cooperation with unions, regions, and governments to carry out the energy transition with a minimum socially adverse impact.
The expected total investment in these transformational projects is currently estimated to be around EUR 10 billion.