FRANKFURT : German utility Uniper on Thursday said it was involved in a project with the United Arab Emirates (UAE) clean energy company Masdar to produce green hydrogen, confirming a report on Bloomberg. The Berlin government this week completed a 34.5 billion euro ($36.55 billion) bailout of Uniper, following European Commission approval, a nationalisation made […]
Energy Giant Uniper to Support Oman’s HYPORT Duqm Project
The facility is planned to come into operation in 2026. Oman’s strategic green hydrogen project, HYPORT Duqm, has signed a cooperation agreement with energy giant Uniper. Under the cooperation, Uniper will be joining the project team to provide engineering services and negotiate an exclusive offtake agreement of green ammonia. With Uniper, HYPORT Duqm’s shareholders DEME […]
Uniper eyes 4 GW of renewables capacity beyond 2025 – CEO
This includes the group’s business in Russia, where the company so far only operates fossil-fuel based power stations. FRANKFURT: German utility Uniper is planning to develop 4 gigawatts of solar and wind power projects beyond 2025, Chief Executive Andreas Schierenbeck said on Thursday. This includes the group’s business in Russia, where the company so far […]
Finland’s Fortum to gain control of Uniper in $2.5-bn deal
Move would bring it closer to full ownership of Uniper HELSINKI/FRANKFURT: Finnish utility Fortum is set to gain control of Germany’s Uniper by acquiring the stakes of activist funds Elliott and Knight Vinke, potentially ending a long-running deadlock over ownership of the group. State-controlled Fortum has been seeking control of the energy firm since 2017, […]
Uniper, Fortum in constructive but complex talks over future
Uniper boss Andreas Schierenbeck, in the job since June, has been tasked with working out a solution for the situation, which also involves activist funds Elliott and Knight Vinke, jointly holding a stake of nearly 23% FRANKFURT/DUESSELDORF, Germany: German energy firm Uniper is holding constructive but complex talks with top shareholder Fortum over their future […]