Nationalized utility pledges to commit EUR 8bn on green transition

After a disastrous year, Uniper launches a new strategy to make the company carbon neutral ten years ahead of schedule.
Photo: Uniper
Photo: Uniper

As we all know, you should let a good crisis go to waste. And if anyone in the energy industry has been in crisis over the past year, it has been the German utility company Uniper, whose cocktail of irrevocable gas contracts and Russian holdings caused such massive billion-dollar hemorrhaging on the back of Russia’s invasion of Ukraine that the German government was forced to state-subsidize the company completely out of the hands of its owner, Fortum.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading