Uniper

The German utility plans to build an electrolysis plant to produce green hydrogen and an import terminal for green ammonia

The project will be built at an existing facility in the port of Rotterdam by 2025

They have signed an agreement to explore, assess and develop technology options and produce a detailed decarbonisation roadmap by early 2021

The facility, which will replace an existing coal-fired power plant will supply heat to Bremen’s district heating network and feed electricity into the grid

Under the agreement, the two firms will focus on the development and usage of green hydrogen from renewable energy sources

This new approach is expected to save consumers up to £128m over the six-year period

It follows approval from the European Commission and the Russian Antimonopoly Authority

Its investigation found the transaction would raise no competition concerns in the European Economic Area

Finnish power utility Fortum is to launch an €8 billion (£7bn) takeover offer for E.ON’s Uniper. The bid for E.ON’s 46.65% interest amounts to €3.76 billion (£3.3bn). The total equity value of the offer is €8.05 billion (£7.05bn) for all outstanding shares of Uniper. The firms have signed an agreement, under which E.ON has the […]

German energy company E.ON has advanced negotiations over the sale of its stake in its fossil generation business Uniper. It said Finnish utility Fortum is planning to buy a 46.65% stake in the spin-off firm. The energy supplier added in a statement: “Fortum’s offer to all Uniper shareholders would comprise a cash consideration with a […]