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Uniper plans €5 billion investment through 2030 for energy transition
More than half of the capex is earmarked for flexible generation, including hydrogen-ready and carbon capture-ready gas-fired power plants.
Uniper has committed to invest approximately €5 billion between 2025 and 2030 to support what it calls its long-term transformation strategy, with about half of the spending targeted toward Germany, Yahoo Finance reports.
The program prioritizes flexible power generation and renewable energy projects while expanding the company’s gas supply portfolio as Europe weighs decarbonization goals alongside energy security concerns. Uniper said more than half of the planned capital expenditure will go to flexible generation assets, including hydrogen-ready and carbon capture-ready gas-fired power plants.
The company plans to take part in Germany’s upcoming StromVKG capacity market tenders later this year, bringing forward two hydrogen-ready power plant projects at Gelsenkirchen-Scholven and Staudinger, with combined capacity of about 1.7 gigawatts. Uniper also highlighted projects in the UK, Sweden, and the Netherlands, including a carbon capture and storage-equipped Connah’s Quay project in Britain and work on the Karlshamn plant in Sweden.
In addition, Uniper said roughly one-third of its investment program will fund its Green Generation division, including continued wind and solar expansion and hydropower modernization, and it is targeting Europe’s data center market as a potential new earnings source. The company also reiterated plans to grow its gas portfolio to 250-300 terawatt-hours via long-term supply agreements and said it is investing in hydrogen infrastructure, including participation in Germany’s Bad Lauchstädt Energy Park.