Uniper has announced plans to invest €5 billion by 2030 in energy security and the transformation of European power systems. Around half of the investment programme is expected to be placed in projects in Germany.
Uniper said that it will invest in flexible power generation, renewable energy, hydropower, hydrogen-ready assets, and the expansion of its gas procurement portfolio. It said that its strategy is designed to balance security of supply, competitiveness, and decarbonisation as European energy markets respond to geopolitical, regulatory, and technological changes.
Uniper aims to operate 15-20 GW of generation capacity by 2030. At least half of that capacity is expected to come from renewable, low-carbon, or decarbonisable assets. More than half of Uniper’s planned investment through to 2030 will be flexible generation capacity, capable of changing output in response to changes in electricity demand and renewable energy production.