Germany’s state-owned energy utility Uniper has released a strategy update and will invest €5bn (US$5.8bn) by 2030, mainly in renewables and gas-fired power plants. The bulk of the investment will go toward expanding Uniper’s renewable and gas-fired power portfolio. The company targets 15–20 GW of capacity by 2030, with at least half expected to be renewable, low-carbon, or decarbonizable —covering solar, wind, hydro, nuclear, and new gas plants designed to eventually operate carbon-neutrally via green hydrogen or carbon capture.
Uniper also plans to expand its gas and LNG portfolio to 250–300 TWh/year in the medium term. It aims to consolidate its sales volumes of 180–200 TWh/year in Germany, Austria, and Switzerland, while selectively growing LNG sales in Asia. In July 2025, Uniper signed an eight-year natural gas supply deal with Canada’s Tourmaline Oil Corp, starting in November 2028, for around 4.8 Mt/year (~68 TWh). In April 2025, it signed a contract with Australia’s Woodside for up to 2 Mt/year (~28 TWh) of LNG, with significant volumes destined for Europe.
In 2024, the company postponed its €8bn transformation plan to the early 2030s due to weak renewables returns and slow hydrogen market growth. It confirmed this timeline in its latest strategy update.
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