Uniper plans to spend €8b on green transformation
Investors - AUGUST 7, 2023

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Uniper plans to spend €8b on green transformation

by Kali Persall

Uniper, a state-owned energy company based in Düsseldorf, Germany, has announced plans to invest more than €8 billion ($8.8 billion) through 2030 for its green transformation, tripling its average annual investments of the past three years.

Uniper said it expects to transform into a greener company much faster than previously planned. Uniper will support the energy transition of its industrial enterprises, municipal utilities and transmission system operators by increasingly providing them with green and flexible power and gas products. The company's focus areas for the years ahead are customers, green and flexible power, greener gases and optimization.

Uniper also is adapting its own power plants and assets and is investing in flexible, secure power-generating units, including solar and wind farms. The company is planning for 80 percent of its installed generating capacity to be zero-carbon by 2030; to end its coal-fired power generation by 2029 at the latest; to b

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