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.
BY MAZ PLECHINGER
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.
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