Uniper Finalizes Sale of North American Portfolio to Align with EU Commission Conditions
Key Ideas
  • Uniper completes the sale of its North American portfolio, including power purchase agreements and energy management deals in key regional power markets.
  • The divestment is in compliance with EU Commission requirements under state aid law and is part of structural remedies following approval of a stabilisation package.
  • Uniper plans to achieve complete carbon neutrality by 2040, investing in flexible power-generating units, hydropower, solar, wind, and transitioning to green gases like hydrogen.
  • The company recently sold a gas-fired power plant in Hungary to Veolia, emphasizing its focus on sustainable energy practices and commitment to decarbonization.
Uniper has concluded the sale of its North American portfolio, which encompassed power purchase agreements, sales contracts, and energy management deals in significant regional power markets such as ERCOT, WEST, and CENTRAL. This divestment aligns with the EU Commission's conditions under state aid law and is one of the structural remedies mandated following the EU's approval of a stabilisation package for Uniper. The company is required to divest assets in various regions by the end of 2026 and can only undertake essential acquisitions to ensure its viability or support decarbonisation efforts until then. Uniper has set ambitious sustainability goals, aiming for complete carbon neutrality by 2040 and 80% zero-carbon power generation capacity by the early 2030s. To achieve these targets, Uniper is focusing on transforming its power plants, investing in flexible power-generating units, expanding its renewable energy portfolio with hydropower, solar, and wind projects, and incorporating green gases like hydrogen and biomethane into its operations for a sustainable future. In line with its commitment to sustainable practices, Uniper recently sold its 428MW Gönyű gas-fired power plant in Hungary to Veolia, a move that emphasizes the company's shift towards renewable energy sources. This transaction involved transferring ownership of the plant to Veolia Invest Hungary, showcasing Uniper's dedication to decarbonization and aligning with its long-term strategy for a greener energy mix.
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