The German energy group Uniper has released its 2022 results, posting a €19.1bn loss due to additional costs of gas procurement, compared to a €4.1bn loss in 2021. The group’s power generation declined by 7% in 2022 to 60.8 TWh, with 32% of gas, 28% of hard coal, 20% of hydro and 17% of nuclear. Purchased power decreased by 35% in 2022 to 221.4 TWh. The group’s electricity sales stood at 288.9 TWh (-30% compared to 2021).
Uniper sold 1,661.5 TWh of natural gas in 2022 (-26% compared to 2021). In 2022, the company had long-term contracts amounting to 356 TWh. At the end of 2022, gas storage capacity stood at 7.4 bcm.
Uniper has an installed capacity of 22.5 GW in Europe, including 8.4 GW of gas 6.2 GW of hard coal, 3.6 GW of hydro, 2.2 GW of renewables, biomass and fuel oil and 1.4 GW of nuclear. Most of the company’s power plants are located in Germany (9.9 GW), followed by the United Kingdom (6.4 GW), Sweden (4.2 GW), the Netherlands (1.6 GW) and Hungary (0.4 GW).
The company’s assets in Russia, owned by its affiliate Unipro, were deconsolidated by the group in 2022. A planned transaction with a local buyer is currently uncertain as the presidential approval necessary for the transaction is outstanding. Unipro owns and operates 10.7 GW of thermal capacity in Russia.
In December 2022, Germany bailed out Uniper with a financial stabilization package. The country became the company’s main shareholder with a stake of 99.1% after injection of fresh equity and acquisition of previous 80% shareholding from Fortum.