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Uniper Targets $5.72 Billion Investment by 2030 for Energy Supply Security, Upgrade

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German energy major Uniper on Friday reaffirmed its intentions to invest about 5 billion euros ($5.72 billion) between 2025 and 2030 to ensure supply security and upgrade energy systems.

Uniper plans to invest in flexible generation, renewable energy, and the expansion of its gas procurement portfolio as part of its transformation strategy, with about half of the budget allocated to Germany, it said in a statement.

The company aims to operate about 15-20 gigawatts of power generation capacity by 2030, with at least 50% of it targeted from renewable, low-carbon, or "decarbonizable generation assets."

Uniper's three business segments Green Generation, Flexible Generation, and Greener Commodities are focused on gradual decarbonization. The company plans to phase-out coal and increase investments in renewable energy, hydropower, and hydrogen-ready gas-fired power plants.

"More than half of the planned investments through 2030 are to flow into the Flexible Generation business segment across various markets, where Uniper has a broad and attractive project pipeline - ranging from new construction projects and site developments to the conversion and modernization of existing plants, including the prospect of climate-neutral operation," the statement said.

The company intends to participate in Germany's upcoming StromVKG tenders in September and December with two hydrogen-ready power plant projects at the Gelsenkirchen-Scholven and Staudinger sites. The projects are targeting a combined capacity of 1.7 GW and are in the advanced stages of their technical planning and site preparation phases.

Uniper sees additional prospects in new-build projects, lifetime extensions, modernization initiatives and gigawatt-scale conversion projects across Germany, UK, Sweden and the Netherlands.

The company has allocated about one-third of its planned 5 billion euros investment to its Green Generation division, with the capital being deployed for expansion and operation of renewable energy assets and the modernization of existing hydropower facilities among others. The company is targeting investment decisions for up to 500 megawatts of solar and wind projects annually.

Uniper aims to expand its gas portfolio to 250-300 terawatt-hours over the medium term, supported primarily by long-term supply agreements, which includes contracts with Australia's Woodside, Canada's Tourmaline, and the US-based ConocoPhillips (COP).

The company is also looking to benefit from the growing demand for digital infrastructure through sale or lease of sites for data centers, co-investments, structured power purchase agreements, and through direct supply from its own generation capacity.

Uniper has already identified over 10 suitable company-owned sites near European data hubs for data center development, which includes three projects already in advanced stages of development and an already completed project in the UK.

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