Uniper

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 […]

Five European energy companies are to invest as much as €950 million (£807m) each to fund Gazprom’s gas pipeline. ENGIE, OMV, Shell, Uniper and Wintershall have signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and operation of the Nord Stream 2 pipeline. The 1,220-kilometre pipeline will have the […]

A new £2.2 million project that aims to remove impurities from biomass and make bioenergy cheaper and more efficient has been launched. A prototype plant, which will pre-treat different forms of biomass, will be built at Widmerpool, Nottinghamshire, led by biomass specialists Forest Fuels, working with Uniper Technologies. The cleaned feedstocks will then be blended […]

Trading in E.ON’s spin off firm has officially started today. The shares of Uniper, which is made of the German company’s hydro, natural gas, coal plants and global energy trading operations, have been traded on the Frankfurt stock exchange for the first time. Its shares started trading at more than €10 (£8.4). E.ON CEO Johannes Teyssen […]