Uniper to spend €500mn on green businesses in 2022
Germany energy company anticipates key role in hydrogen economy and is ready to invest in new gas-fired power plants, CEO Klaus-Dieter Maubach says
German energy company Uniper is “slowly gathering speed” in the renewables sector and plans to spend €500mn ($566mn) this year on green growth businesses, according to CEO Klaus-Dieter Maubach. The money will go primarily towards renewables, green gases and green thermal generation. “That we are not a renewables frontrunner is no secret,” Maubach said in comments prepared for the company’s 2021 results presentation. Uniper—in which Finnish energy company Fortum holds a majority stake—is well placed to help drive the hydrogen economy in Germany and in Europe, says Maubach. “All our current gas activities—our experience in trading, structuring, marketing, transport and storage—all of it is app
Also in this section
19 April 2024
UAE renewables developer weighs opportunities to join green hydrogen projects in US and Canada, Andreas Bieringer, director of green hydrogen business development and commercial, tells Hydrogen Economist
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey