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Outside of its home market of Germany, utility company Uniper operates in over 40 countries, with particular strength in the Netherlands, Sweden and Britain. It recorded a nearly $20 billion loss in 2022, off $288.3 billion in revenue, amid energy market turmoil following Russia’s invasion of Ukraine.
Uniper appointed Michael Lewis as its new CEO, effective June 2023. His predecessor, Klaus-Dieter Maubach, stepped down in February following a €50 billion ($53 billion) bailout by the German government that essentially nationalized the company. Under Lewis’s leadership, Uniper is rapidly increasing its green investments to €8 billion ($8.5 billion) by 2030, and intends to stop using coal to generate electricity by 2029. The decision comes as Uniper swung back to profit in the first half of 2023, and the German government looks to reduce its stake to 25% by 2028 under EU state aid rules. Uniper faced difficulty in securing natural gas after R ....
New Uniper chief not happy with US LNG contracts duration upstreamonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from upstreamonline.com Daily Mail and Mail on Sunday newspapers.
ROUNDUP: Volkswagen withdraws completely from Russia WOLFSBURG/KALUGA - The VW Group is selling its most important factory in Russia and withdrawing completely from the country until further. | May 19, 2023 ....
Abu Dhabi National Energy Company’s (Taqa) shareholders have approved a new dividend policy for 2023-25 based on a combination of fixed and variable dividends at the firm’s Annual General Assembly. ....
Abu Dhabi National Energy Company’s (Taqa) shareholders have approved a new dividend policy for 2023-25 based on a combination of fixed and variable dividends at the firm’s Annual General Assembly. ....