(IN BRIEF) Uniper has entered into a share purchase agreement with Photon Energy Group for the acquisition of a 20.4 MW photovoltaic project in northeastern Poland, expected to close by the end of 2024. The move aligns with Uniper’s strategy of driving energy industry transformation through flexible and sustainable energy generation methods. With a goal to develop approximately one gigawatt (GW) of projects in Poland in the medium to long term, Uniper aims to invest approximately €8 billion between 2023 and 2030, transitioning towards CO2-free electricity production and phasing out coal-based electricity by 2029. This acquisition is part of Uniper’s broader ambition to develop ten GW of onshore wind and solar PV farms across key European markets by 2030, signaling a significant commitment to renewable energy.
(PRESS RELEASE) DÜSSELDORF, 17-May-2024 — /EuropaWire/ — Uniper has signed a share purchase agreement with local project developer Photon Energy Group for the acquisition of a photovoltaic project with a capacity of 20.4 megawatts (MW). The closing is expected by the end of 2024, after achieving e.g. ready-to-build status.
The project is located in the northeastern part of Poland, in the province of Wysokie Mazowieckie, in the municipality of Szepietewo.
“Our project pipeline in Poland is growing. Our goal is to reach a project pipeline of around one gigawatt (GW) in Poland in the medium to long term”., Pawel Tarczewski, Head of Solar & Wind Development Poland, Uniper Renewables
Uniper’s strategy is focused on driving the transformation of the energy industry through flexible, balanced and bespoke forms of energy generation.
To this end, the company is transforming its own power plants, facilities and investing in flexible and secure power generation assets. In total, approximately €8 billion is to be invested in growth and transformation between 2023 and 2030. This includes investments in solar and wind power plants, where significant growth is targeted. In 2030, Uniper aims to use more than 80 percent of its installed power plant capacity for CO2-free electricity production. Uniper will end electricity production from coal by 2029 at the latest.
Overall, Uniper aims to develop ten gigawatts of onshore wind and solar PV farms across key European markets, including Germany, France, UK, Italy, Sweden, Hungary, and Poland, by 2030, to ready to build status. Additionally, Uniper is committed to bringing three GW of renewables to investment maturity by 2025.
Düsseldorf-based Uniper is an international energy company with activities in more than 40 countries. The company and its roughly 7,000 employees make an important contribution to supply security in Europe, particularly in its core markets of Germany, the United Kingdom, Sweden, and the Netherlands.
Uniper’s operations encompass power generation in Europe, global energy trading, and a broad gas portfolio. Uniper procures gas—including liquefied natural gas (LNG)—and other energy sources on global markets. The company owns and operates gas storage facilities with a total capacity of more than 7 billion cubic meters.
Uniper intends to be completely carbon-neutral by 2040. Uniper aims for its installed power generating capacity to be more than 80% zero-carbon by 2030. To achieve this, the company is transforming its power plants and facilities and investing in flexible, dispatchable power generating units. Uniper is already one of Europe’s largest operators of hydropower plants and is helping further expand solar and wind power, which are essential for a more sustainable and secure future. The company is progressively expanding its gas portfolio to include green gases like hydrogen and biomethane and aims to convert to these gases over the long term.
Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply.
This press release may contain forward-looking statements based on current assumptions and forecasts made by Uniper SE Management and other information currently available to Uniper. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Uniper SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to modify them to conform with future events or developments.
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First published in this link of EuropaWIRE.
