Germany-based international energy company Uniper has announced that it will transform into a greener company much faster than previously planned, following the release of its ‘exceptionally strong’ first-half earnings.
According to the company, the growth in flexible power generation, green gases, wind and solar will help Uniper accelerate the energy transition through more than €8bn of planned investments in green transformation through 2030.
To support this, the company will end coal-fired power generation by 2029 at the latest and aims for 80% of its installed generating capacity to be zero-carbon by 2030.
In addition to bringing forward its carbon-neutrality target from 2050 to 2040, Uniper has laid out plans to achieve group-wide carbon neutrality for its Scope 1 and 2 emissions by 2035.
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