Uniper embarks on €8bn strategic reset but cools on hydrogen
Germany utility Uniper intends to invest about €8bn in its transformation by the early 2030s as it continues to wrestle with major financial challenges.
It recorded adjusted EBITDA of €379m in the first half of 2025, significantly below its prior-year earnings of €1.7bn, and adjusted net income totalled €135m, down from €1.1bn. The company repaid €2.6bn state aid to the German government in March.
Its power business will participate in the German government’s planned auction for new gas-fired power plants in the country. In the UK, Uniper plans to build two new gas-fired power plants, at Connah’s Quay and Killingholme, that could be equipped with carbon capture and storage.
Connah’s Quay Low Carbon Power project was, earlier this week, confirmed by the UK government as a priority project in the HyNet cluster and Uniper is now entering into negotiations to develop a gas-fired power plant with carbon capture.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
Register today
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Friday, 8th August at 4:37PM
