Germany’s Uniper SE stated Tuesday it had accomplished the divestment of a pure gas-fired energy plant in Gonyu, Hungary, to the native subsidiary of France’s Veolia SA.
“The sale of this non-strategic funding is a part of the situations that Uniper should fulfill below EU state help legislation”, gasoline and energy utility Uniper stated in an internet assertion. Uniper had agreed to make divestments for the European Fee to grant clearance for the German authorities’s bailout of the corporate in 2022.
Commissioned 2011, the ability plant generates as much as 430 megawatts, in line with Uniper.
- Advertisement -
The brand new proprietor is Veolia Make investments Hungary Zrt. Uniper and Veolia had agreed to not disclose the monetary phrases of the transaction, in line with the announcement of the sale settlement February 19, 2024.
Veolia stated then the ability plant “performs an important position in regulating and balancing the Hungarian energy grid, because of cutting-edge applied sciences that make its manufacturing capacities versatile”.
“Within the context of European power combine evolution in direction of extra renewables and subsequently extra intermittent manufacturing, demand for ancillary providers, and specifically electrical flexibility, continues to develop, with a rising want for energy grid balancing”, Veolia stated in a press launch on the time.
“It requires each enhanced electrical energy interconnection and operators with cutting-edge digital experience to combination the manufacturing capability of a number of energy era items and supply the grid with versatile power volumes that may be launched or withdrawn from the grid as required”.
In one other sale aimed towards the success of the bailout situations, Uniper introduced December 10 the launch of bidding for its 18.26 p.c stake in AS Latvijas Gaze, which is concerned in pure gasoline buying and selling and gross sales to Baltic shoppers primarily in Latvia.
In late 2022 the German authorities took over about 99 p.c of Uniper’s shareholding and agreed to a capital injection of EUR 25 billion ($25.8 billion). The state’s takeover from ex-majority proprietor Fortum Oyj served to forestall Uniper from collapsing from war-induced losses together with from the acquisition of substitute gasoline after Russia’s Gazprom PJSC did not ship contracted provide from mid-2022, in line with on-line info from Uniper. Gazprom PJSC’s export unit has not responded to a remark request emailed by Rigzone about Uniper’s declare of undelivered gasoline.
For the bailout to fulfill EU state help guidelines, Uniper agreed to a number of divestments that have to be accomplished by 2026. In addition to the Hungarian and Latvian belongings, the divestment bundle included an 84 p.c stake in Unipro in Russia, a 20 p.c stake within the OPAL pipeline, a 20 p.c oblique stake within the BBL pipeline, a tough coal-fired energy plant in Germany, Uniper’s German district heating enterprise, a part of its energy operations in North America, its Center Japanese marine fuels unit Uniper Power DMCC and its worldwide helium enterprise, Uniper says on its web site.
The German authorities additionally dedicated to slicing its stake to a most of 25 p.c plus one share by 2028 on the newest, in line with a Fee assertion December 20, 2022, asserting approval.
To contact the writer, e mail jov.onsat@rigzone.com
What do you suppose? We’d love to listen to from you, be part of the dialog on the
Rigzone Power Community.
The Rigzone Power Community is a brand new social expertise created for you and all power professionals to Converse Up about our business, share data, join with friends and business insiders and interact in an expert group that can empower your profession in power.
