Uniper to spend €500mn on green businesses in 2022

Germany energy company anticipates key role in hydrogen economy and is ready to invest in new gas-fired power plants, CEO Klaus-Dieter Maubach says

German energy company Uniper is “slowly gathering speed” in the renewables sector and plans to spend €500mn ($566mn) this year on green growth businesses, according to CEO Klaus-Dieter Maubach. The money will go primarily towards renewables, green gases and green thermal generation. “That we are not a renewables frontrunner is no secret,” Maubach said in comments prepared for the company’s 2021 results presentation. Uniper—in which Finnish energy company Fortum holds a majority stake—is well placed to help drive the hydrogen economy in Germany and in Europe, says Maubach. “All our current gas activities—our experience in trading, structuring, marketing, transport and storage—all of it is app