EnergyWatch

Germany mulls nationalizing Uniper

The German state has already purchased 30% of the imperiled utility.

Photo: THILO SCHMUELGEN/REUTERS / X03860

Germany is considering raising the state’s equity interest in Uniper to beyond 50%, also airing openness to nationalize the power company to prevent a collapse, reports Bloomberg News citing unnamed sources.

Uniper, which beyond operating power plants is also the nation’s main natural gas importer, needs more help from the state, sources tell the media, even though the utility has also received a portion of relief money totaling up to EUR 20bn.

Big price increases on gas in connection with Russia cutting off fuel supply are incurring large daily loses.

To help matters, Berlin introduced a relief package in July, with the German state then buying 30% interest of the listed group.

However, Bloomberg’s sources says the government is now willing to offer even more money and perhaps raise the state’s equity position to beyond 50% – and if needed possibly nationalize Uniper.

Neither the ministry of energy nor Uniper has been willing to comment the US media’s information.

Uniper stock is up by 9% to EUR 5.35 a share.

In early January, Uniper’s share price was just over EUR 40.

Germany assessing options for retroactive energy levy

Finnish state ensures Fortum’s liquidity with billion-euro loan

Uniper in need of billions of euro

Uniper’s Russian subsidiary bustling with no benefit to owner


More from EnergyWatch

Ørsted makes group changes again

The Danish power company shakes up its organization once again, now parting ways with offshore wind chief of many years, while also moving other profiles up the corporate ladder.

Ørsted declines Taiwan tender bid

Quite atypically, the Danish market leader publicly rejects to bid in Taiwan’s solicitation for 3GW offshore wind due to poor framework conditions. The green transformation will wilt if developers build uneconomic projects, says CEO.

Last platform now in position at Tyra site

After completing the voyage from Batam, Indonesia, the process module is now in position in the North Sea. Only one piece is now missing from the reconstruction project at the Tyra site.

Further reading

Related articles

Latest News

See all jobs