Fossil giant books big pluses in crisis times

While most power companies show black results turning red for the first quarter, Uniper surges on profit from EUR 177 million to EUR 499 million and maintains plans to pay out a half billion euros in 2020 dividends.

Photo: Thilo Schmuelgen/Reuters/Ritzau Scanpix

by VICTOR EMIL KRISTENSEN

In a period when an increasing number of energy giants are more or less wholeheartedly placing more of their chips on renewable power, German utility Uniper defies the Zeitgeist and for the time being retains a core business model based on thermal generation fired on coal and gas.

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