We intend to help meet this demand by adding a lot more renewables to our electricity mix. This will make our portfolio more future-proof and allow us to offer more green products to our customers. It will also support our hydrogen ambitions. We intend to significantly grow our renewables portfolio in two ways: by concluding power-purchase agreements (PPAs) and by developing our own onshore wind and solar projects.

Wind-wind situation

Under a PPA, Uniper or another counterparty agrees to buy a percentage of a wind or solar farm’s future output for a set period (typically 10 or 15 years) at a set price. PPAs are a win-win: they give us access to more green power and give developers the financial security to fill a field with wind turbines or solar panels. We have PPAs with wind and solar farms in Europe and North America and intend to conclude many more.

Farms of our own

PPAs enable us to benefit from renewables without actually owning them. Building our own renewables assets will allow us to capture the additional value created during the development and construction phases and, in various cases, to tailor them to our hydrogen projects.

Our other energy sources

Our global presence

We continue to strengthen our presence in key markets, develop innovative solutions and acquire companies in prioritized areas. Uniper solutions are sold to over 100 countries and we currently operate in over 40 countries.