MVV Energie

MVV Energie (English: MVV Energy) is a publicly listed company based in Mannheim and one of Germany's leading energy suppliers, operating in both Germany and Europe.

MVV Energie AG
TypePublic (Aktiengesellschaft)
IndustryEnergy Supply
FoundedMärz 1999
Headquarters
Mannheim
,
Germany
Key people
Georg Müller
(CEO)
[Peter Kurz
(Supervisory board)
Number of employees
6,200
Websitewww.mvv-energie.de
MVV-Hochhaus, Headquarters in Mannheim

The value chain of MVV Energie AG covers: generation, trading, distribution via proprietary grids, energy sales and other innovative energy-related services. The group also belongs to Germany’s leading company in generating energy from biomass and waste.

History and shareholder structure

In 1974, the state-owned Mannheimer Stadtwerke was outsourced in Mannheimer Versorgungs- und Verkehrsgesellschaft mbH (MVV), today MVV GmbH. The individual branches of industry were divided into various subsidiaries, one of which was Stadtwerke Mannheim AG (SMA). In 1998, SMA was renamed as MVV Energie.

In March 1999, the company became the first municipal company partially privatized through an IPO, with a free float of just 4.8 percent of its equity.[1] The City of Mannheim is the majority shareholder since then. In October 2007, the RheinEnergie in Cologne acquired a share of 16.1% from the city Mannheim. As a result, the shareholder structure looked as follows in February 2015:

50.1% city Mannheim (indirectly via MVV GmbH)
16.3% RheinEnergie
22.5% EnBW
6.3% GDF Suez
4.8% Free Float

In 2017, EnBW bought a 6.28 percent stake in MVV Energie from French energy group Engie, increasing its holding to 28.76 percent.[2] In 2019, both EnBW and RheinEnergie decided to sell their holdings of 45.1 percent in MVV Energie;[3][4] Australian infrastructure investor First State Investments eventually bought it for 753 million euros ($816 million) in 2020.[5]

From 1999 to 2013, the company belonged to the SDAX on.

Investments

MVV Energie holds shares in Stadtwerke Kiel (51.0%), Energieversorgung Offenbach (48.5%), Stadtwerke Ingolstadt (48.4%), Stadtwerke Buchen (25.1%), Köthen Energie (100%) as well as Stadtwerke Sinsheim (30.0%), Walldorf (25.1%) and Schwetzingen (10.0%). The company holds shares in 16 district heating companies in the Czech Republic.

In Mannheim MVV Energie holds total shares of 28% in the power plant (GKM).

Since October 2014, the 100% subsidiary Windwärts Energie GmbH has been responsible for wind turbines' projects of the MVV Energie.

End of 2014, in term of a capital increase MVV Energie acquired 50.1% shares of the project development company Juwi.

In November 2014, the Beegy GmbH was founded as a joint venture of MVV Energie with the Munich trade and services group BayWa r.e., the Irish heating and cooling system manufacturer Glen Dimplex and the Munich-based software specialist GreenCom Networks. BEEGY provides services and products for smart, decentralized energy management.

Regional engagement

The company supports not only larger institutions like Adler Mannheim, TSG 1899 Hoffenheim and the Young Opera at the National Theatre Mannheim, but also associations, organizations and institutions in Mannheim and the region.

Current Investments

MVV Environment Ltd., a subsidiary of MVV Umwelt GmbH, is currently building in the British Plymouth a waste incineration plant, which will go into operation in 2015.

In Ridham Dock by Sittingbourne (Kent), MVV Environment Ltd. builds a biomass power plant, which will also be completed in 2015.

After the biomethane plant in Klein Wanzleben (2012), since 2014 a second biomethane plant in Kroppenstedt (both Saxony-Anhalt) has fed a sustainably produced biomethane into the natural gas grid.

A third plant of the group in Staßfurt (Saxony-Anhalt) is put into operation 2015.

References
  1. Christoph Steitz (August 15, 2014), German utility MVV's profit hurt by mild winter and falling prices Reuters.
  2. Christoph Steitz (March 16, 2017), EnBW buys Engie's stake in German local utility MVV Energie Reuters.
  3. Christoph Steitz (October 7, 2019), EnBW, RheinEnergie to sell stakes in local utility MVV Reuters.
  4. Jürgen Flauger (October 7, 2019), Energiekonzerne EnBW und MVV beenden ihren Streit Handelsblatt.
  5. Christoph Steitz (April 2, 2020), Australia's First State buys 45.1% in Germany's MVV for $816 mln Reuters.
  • www.mvv-energie.de
  • MVV Energie AG. "Annual Report 2013/2014" (PDF; 3,3 MB). Retrieved 2015-05-28.
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