Uniper to invest €5 billion in European energy system transformation

Key highlights
  • Uniper plans approximately €5 billion of investments between 2025 and 2030, with around half allocated to Germany.
  • More than half of the planned investments will target Flexible Generation, including two hydrogen‑ready plants (Gelsenkirchen‑Scholven and Staudinger) totalling ~1.7 GW for StromVKG tenders in Sept and Dec 2026.
  • By 2030 Uniper aims to operate 15–20 GW of generation capacity, with at least half from renewable, low‑carbon, or decarbonizable assets.
  • Greener Commodities target expanding the gas portfolio to 250–300 TWh via long‑term contracts with suppliers including Woodside, Tourmaline and ConocoPhillips.

Strategy and scale

Uniper’s Management Board reaffirmed a transformation strategy centred on a diversified mix of dispatchable generation, renewables and a broadened gas portfolio to secure Europe’s energy supply.

Planned investment

The company intends to invest approximately €5 billion between 2025 and 2030, with about half of that directed to Germany. Allocation will prioritise flexible generation, renewables and gas supply diversification.

Flexible generation and tenders

More than half of the planned spend is earmarked for Flexible Generation projects, including participation in Germany’s upcoming StromVKG tenders (Sept and Dec 2026) with two hydrogen‑ready projects at Gelsenkirchen‑Scholven and Staudinger (~1.7 GW). Other opportunities include new builds, lifetime extensions, modernisations and conversions such as Connah’s Quay (CCS) and Karlshamn (Sweden), aiming to decarbonise 1.7 GW by 2030.

Green Generation

About one third of the program targets Green Generation: renewables expansion and hydropower modernisation, with plans for up to ~500 MW/year of solar and wind decisions and projects like the 160 MW Happurg pumped‑storage and 54 MW Ume River expansion.

Greener Commodities and hydrogen

Uniper aims to grow its gas portfolio to 250–300 TWh via long‑term contracts (including Woodside, Tourmaline, ConocoPhillips) while expanding renewable and low‑carbon gases and demonstrating hydrogen value chains at the Bad Lauchstädt Energy Park.

Data centres and finance

More than ten company sites are identified for data‑centre development (three advanced, one UK project completed), offering PPAs, leases and direct supply. Uniper cites ~€12 billion equity and ~€2.8 billion net cash at the end of last year and holds investment‑grade ratings from S&P, Scope and Fitch.

Source: Uniper