Uniper Unveils €5 Billion Investment Plan to 2030, Targeting Renewables, Gas, and Hydrogen-Ready Power
Uniper, Germany’s leading state-owned energy utility, has announced a revised strategy to invest €5 billion (£4.2 billion) through 2030, with a sharpened focus on renewable energy, gas-fired generation, and hydrogen-ready infrastructure. This strategic update reflects a more measured outlook on green energy markets amid regulatory delays and a slower-than-expected ramp-up of the global hydrogen economy.
The new plan represents a recalibration from Uniper’s previous €8 billion investment target, which had been postponed to the early 2030s due to falling returns in renewable projects and delays in hydrogen market development. These headwinds have prompted several European utilities, including sector heavyweight RWE, to reassess their capital deployment strategies.
“The regulatory and geopolitical environment is challenging,” said Michael Lewis, CEO of Uniper. “We are prioritising investments that deliver stable, contracted revenues and long-term resilience. This means focusing on assets that can transition to carbon-neutral operations through green hydrogen and carbon capture.”
Strategic Priorities
Under the updated roadmap, Uniper aims to achieve 15–20 gigawatts of generation capacity by 2030, with at least half sourced from low-carbon and renewable energy. This portfolio will include:
- Solar, wind, and hydropower projects
- Hydrogen-ready gas-fired power plants designed to operate with green hydrogen in the future
- Nuclear energy assets within the company’s diversified low-carbon mix
The company also plans to significantly expand its liquefied natural gas (LNG) portfolio to between 250–300 terawatt hours annually in the medium term, supporting energy security while enabling a phased transition to greener fuels.
Hydrogen at the Core of the Transition
Hydrogen remains a cornerstone of Uniper’s clean energy transition strategy, with the company investing in green hydrogen production, storage, and infrastructure. The ability to adapt gas-fired plants to run on hydrogen aligns with Germany’s long-term decarbonisation targets and the European Union’s broader climate agenda.
This investment strategy marks Uniper’s latest step since its 2022 bailout by the German government during Europe’s energy crisis, demonstrating its commitment to energy security, decarbonisation, and the renewable energy transition despite market challenges.
About Uniper
Uniper is a leading international energy company headquartered in Düsseldorf, Germany. Active across power generation, global energy trading, and energy services, Uniper is committed to driving the energy transition with a balanced portfolio of reliable and sustainable energy solutions.
