Uniper is an international energy company that operates roughly 33 GW of generating capacity in Europe and Russia, which ranks us among the world’s largest power producers. We intend for our power business in Europe to be carbon-neutral by 2035, in part by adding 1.5-2 GW of solar and wind capacity by 2025.
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Who is Uniper in Germany?
Uniper, once Germany’s largest importer of Russian gas, is the second energy provider within a week that the German government has had to save by intervening to ensure supply, and the third company linked to fuel imports from Russia that has required government intervention since Russia invaded Ukraine.
Is Uniper state owned?
The shares issued as part of the capital increase will be subscribed exclusively by the Federal Government. Additionally, the Federal Government will acquire the Uniper shares currently held by Fortum for €1.70 per share, resulting in a Federal Government stake of approximately 99% in Uniper.
How many people work at Uniper?
We are Uniper! Work on the daily energy supply and support us in driving the energy transformation of tomorrow! We are an international energy company with headquarters in Düsseldorf, Germany. Over 11,500 employees generate, trade and market energy.
Why was Fortum bought Uniper?
Fortum acquired Uniper to drive the clean energy transition across Europe and deliver sustainable financial performance. Increasing the Group’s CO2-free power generation by 60%, the investment was a step-change making Fortum the third-largest CO2-free power generator in Europe.
Why is Uniper in trouble?
Uniper alleges that its long-term Russian partner Gazprom (GAZP.MM) has brought it to the brink of insolvency by withholding gas, prompting 19 billion euros ($18.97 billion) of support pledges from the government, which still may not be enough.
Who is buying Uniper?
In connection with the capital injection, the German State intends to buy all of Fortum’s shares in Uniper for EUR 1.70 per share, approximately EUR 0.5 billion in total. Upon completion of the capital injection and share purchase, the German State will own appr. 98.5% of Uniper.
Where does Uniper operate?
Uniper has about 22.5 GW of generating capacity in Europe. Most is in Germany, the United Kingdom, and Sweden. We group our power plants into fleets by technology (hydro, nuclear, gas, coal).
What is the name of the biggest company in Germany?
Uniper has about 22.5 GW of generating capacity in Europe. Most is in Germany, the United Kingdom, and Sweden. We group our power plants into fleets by technology (hydro, nuclear, gas, coal).
Does Germany use nuclear power?
An aerial view shows Isar nuclear power plant, which includes the Isar 2 reactor, on August 14, 2022 in Essenbach, Germany. Isar 2 is one of the last three still operating nuclear power plants in Germany and all three were scheduled to shut down by the end of this year.
Who owns Uniper se?
An aerial view shows Isar nuclear power plant, which includes the Isar 2 reactor, on August 14, 2022 in Essenbach, Germany. Isar 2 is one of the last three still operating nuclear power plants in Germany and all three were scheduled to shut down by the end of this year.
When was Uniper formed?
An aerial view shows Isar nuclear power plant, which includes the Isar 2 reactor, on August 14, 2022 in Essenbach, Germany. Isar 2 is one of the last three still operating nuclear power plants in Germany and all three were scheduled to shut down by the end of this year.
Who owns Fortum Finland?
Fortum has been listed on Nasdaq Helsinki stock exchange since 18 December 1998. Fortum’s industrial sector, according to the Global Industry Classification Standard, is Electric Utilities. The State of Finland is the majority owner in Fortum with 50.76% of the shares as on 31 December 2021.
When did Fortum acquire Uniper?
Upon completion, the agreement enables Fortum to divest Uniper and refocus on clean Nordic power generation as its core business. It replaces the initial Uniper stabilisation agreement between the same parties, signed in July 2022.
Why is Uniper losing money?
The highest-profile corporate victim of Europe’s energy crisis so far, Uniper has been pummelled by cuts in gas flows from Russia, its main supplier, forcing it to cover the shortfall at much higher prices elsewhere.
Who owns Uniper Germany?
After completing a capital increase and the Fortum share buy, which excludes the Finnish firm’s subscription rights, Germany will hold 99% of Uniper, its economy ministry said.
References:
- https://www.uniper.energy/about-uniper
- https://en.wikipedia.org/wiki/Uniper
- https://www.nytimes.com/2022/09/21/business/germany-uniper-nationalized.html
- https://www.uniper.energy/investors/share/shareholder-structure
- https://www.uniper.energy/career
- https://www.fortum.com/media/2022/07/stabilisation-package-fortums-subsidiary-uniper-agreed-german-government
- https://www.reuters.com/business/energy/how-russian-gas-crisis-took-toll-germanys-uniper-2022-08-17/
- https://www.fortum.com/media/2022/09/fortum-fully-divest-uniper-german-state
- https://www.uniper.energy/about-uniper/business-structure/power-generation
- https://en.wikipedia.org/wiki/List_of_largest_German_companies
- https://www.cnbc.com/2022/09/06/germany-to-keep-two-nuclear-plants-available-as-a-backup-burn-coal-.html
- https://www.fortum.com/files/fortum-governance-2021/download
- https://www.fortum.com/about-us/our-company/fortum-and-uniper
- https://www.reuters.com/business/energy/uniper-requests-another-4-billion-euro-credit-facility-2022-08-29/
- https://www.reuters.com/business/energy/fortum-sells-uniper-stake-germany-05-billion-euros-2022-09-21/
