BAKU, Azerbaijan, March 4
By Leman Zeynalova – Trend:
To achieve the ambitious transformation, Germany-based Uniper company will focus on two new growth areas: hydrogen and renewables generation, Trend reports citing the company.
Uniper already has considerable experience in operating hydrogen facilities as it was one of the first German energy utilities to produce green hydrogen based on electrolysis processes. Currently, Uniper’s hydrogen assets comprise the Falkenhagen and Hamburg-Reitbrook facilities, in operation since 2013 and 2015, respectively.
Uniper has developed a vast pipeline of green hydrogen projects and in the coming years will focus its efforts on realization of the pipeline. One example is a 25 MW project in the south of Sweden, developed in cooperation with Fortum.
Uniper estimates that there will be a gap between the hydrogen demand and the volumes that will be supplied by green hydrogen facilities in Germany in 2030. This means hydrogen of other “colors” – and imports thereof – will be needed to satisfy the growing market demand.
In this context, Uniper’s infrastructure and superior capabilities in origination, optimization, trading and risk management position the Company very well in the emerging hydrogen market.
In the area of renewable power generation, Uniper intends to enter and expand the renewable generation business in parallel to the already existing power purchase agreements. Uniper’s ambition is to develop beyond the 1 GW renewable asset portfolio on and around its existing sites by 2025 and expand it to 3 GW in the years thereafter. The cooperation with Fortum is expected to allow Uniper to further enhance its ambitious plan.
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