EP Energy Transition to acquire 50% Stake in Lippendorf(Block S) from EnBW.

EP Energy Transition, a dedicated group to accelerate energy transition and green transformation in the utmost focused and efficient way, agreed to acquire a 50% stake in Lippendorf(Block S), a brown coal-fired power plant from EnBW, an energy supply company providing electricity, gas, and energy and environmental services. Financial terms were not disclosed. “With this sale, we are continuing to decarbonize our generation portfolio and reducing carbon emissions by up to two and a half million metric tons per year,” Peter Heydecker, EnBW Board Member for Sustainable Generation Infrastructure.