When Fortum, the Finnish state-owned energy company known for its Nordic hydro and nuclear power generation, launched its acquisition of Uniper the German fossil-focused energy company spun out of E.ON the transaction created one of the largest energy producers in Europe. The narrative since has been that the proverbial green knight Fortum would help Uniper clean up its act, and together they would become one of Europe’s leading clean energy companies.
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Disdain for Russia’s actions in Ukraine and current sanctions related to the invasion will ultimately exact costs from the Russian nuclear industry, but Russia’s dominance in the global nuclear energy market will likely endure in the short term for five main reasons.
When Fortum, the Finnish state-owned energy company known for its Nordic hydro and nuclear power generation, launched its acquisition of Uniper the German fossil-focused energy company spun out of E.ON the transaction created one of the largest energy producers in Europe. The narrative since has been that the proverbial green knight Fortum would help Uniper clean up its act, and together they would become one of Europe’s leading clean energy companies.