By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Pipeline PulsePipeline Pulse
  • Home
  • Oil
  • Featured
  • Gas
  • Refining & Processing
  • Exploration
  • Pipelines
  • Drilling
Reading: Uniper Makes Practically $3B Bailout-Associated Fee to Germany
Share
Notification Show More
Latest News
OPEC Oil Gambit Trying a Little Much less Expensive, For Now
OPEC Oil Gambit Trying a Little Much less Expensive, For Now
Oil
Crude Futures Soar | Rigzone
Crude Futures Soar | Rigzone
Oil
Vitol Palms File .6B Payout to Its Merchants
Vitol Palms File $10.6B Payout to Its Merchants
Oil
Sonatrach, Libyan NOC Pen Collaboration Agreements
Sonatrach, Libyan NOC Pen Collaboration Agreements
Oil
Enterprise World Approves Section I of CP2 LNG Venture
Enterprise World Approves Section I of CP2 LNG Venture
Oil
Aa
Pipeline PulsePipeline Pulse
Aa
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms of Service
  • Podcast
  • Home
  • Oil
  • Featured
  • Gas
  • Refining & Processing
  • Exploration
  • Pipelines
  • Drilling
Have an existing account? Sign In
Follow US
Copyright © MetaMedia™ Capital Inc, All right reserved.
Pipeline Pulse > Oil > Uniper Makes Practically $3B Bailout-Associated Fee to Germany
Oil

Uniper Makes Practically $3B Bailout-Associated Fee to Germany

Editorial Team
Last updated: 2025/03/14 at 11:13 AM
Editorial Team 5 months ago
Share
Uniper Makes Practically B Bailout-Associated Fee to Germany
SHARE


Uniper SE stated Thursday it had remitted to Germany about EUR 2.6 billion ($2.82 billion) in assist repayments in relation to the federal government’s bail-out of the ability and pure fuel utility in 2022.

Final yr Uniper allotted a provisional EUR 3.4 billion to compensate the state for maintaining the Düsseldorf-based firm afloat in the course of the fuel disaster following Russia’s invasion of Ukraine. The quantity was topic to Uniper’s 2024 efficiency.

“Within the 2024 consolidated monetary statements, the quantity of those compensation obligations to the Federal Republic of Germany was decided to be round EUR 2.6 billion, which had been settled in full on 11 March 2025”, Uniper stated in a web-based assertion.

- Advertisement -
Ad image

Uniper chief monetary officer Jutta Dönges commented, “Uniper has fulfilled an vital situation in reference to the stabilization [bail-out] in 2022”.

“It’s proof that Uniper is financially stronger after the disaster and is working profitably”, Dönges added. “We’ve learnt the suitable classes from the disaster and are properly outfitted to make our contribution to a safe power provide”.

After profitable arbitration towards Gazprom PJSC in 2024 for undelivered fuel, Uniper paid Germany EUR 530 million in September utilizing a part of claims realized from the ruling’s award of EUR 13 billion in damages, in accordance with Uniper’s report of yearly outcomes February 25, 2025.

For 2024 it logged EUR 221 million in internet revenue and EUR 1.6 billion in adjusted internet revenue, sharply down from EUR 6.34 billion and EUR 4.43 billion, respectively, for 2023.

In 2022, when Germany bailed out Uniper, it recorded a internet lack of EUR 19.14 billion (-EUR 7.4 billion after changes).

Adjusted earnings earlier than earnings, taxes, depreciation and amortization (EBITDA) totaled EUR 2.61 billion for 2024, in comparison with EUR 7.16 billion for the prior yr and -EUR 10.12 billion for 2022.

Uniper attributed the large drop in earnings for 2024 to profitable hedging transactions for coal- and gas-fired technology and midstream fuel in 2023. “As well as, 2023 was characterised by considerably larger earnings from extra favorable fuel substitute procurement along side undelivered fuel”, it stated.

“Regardless of the decline, Uniper’s 2024 earnings are at a really excessive degree”, it declared.

Uniper offered 146.6 billion kilowatt hours (kWh) of electrical energy final yr, down from 209.5 billion kWh in 2023. Gasoline offered totaled 1.34 trillion kWh, down from 1.64 trillion kWh in 2023.

Uniper’s Greener Commodities phase had adjusted EBITDA of EUR 1.5 billion, down from 2023. “In 2023 this phase benefited from considerably decrease prices on substitute procurement for undelivered Russian fuel in addition to unusually excessive buying and selling outcomes”, it defined. “An altered market atmosphere likewise prevented the electricity-trading enterprise from repeating its exceptionally optimistic prior-year outcomes”.

The Versatile Era phase recorded EUR 998 million in adjusted EBITDA, down towards 2023. “This primarily mirrored a decline in optimistic earnings on profitable hedging transactions on the buying and selling margin of fossil-fueled energy vegetation as a result of common decline in worth ranges”, Uniper stated.

Inexperienced Era had EUR 498 million in adjusted EBITDA, up from 2023. “The primary purpose for this optimistic efficiency was the nuclear power enterprise in Sweden, which benefited from larger earnings from profitable hedging transactions and a rise in electrical energy output attributable to higher availability of nuclear energy vegetation than within the prior yr”, Uniper stated.

Working money move landed at EUR 1.67 billion, down from EUR 6.55 billion for 2023.

Uniper remained at a detrimental internet money place at year-end 2024 owing EUR 3.4 billion.

In December 2022 the federal authorities took over about 99 % of Uniper’s shareholding and agreed to a capital injection. The German authorities’s takeover from ex-majority proprietor Fortum Oyj prevented the corporate from collapsing from war-induced losses together with from the acquisition of substitute fuel after Russia’s Gazprom PJSC purportedly did not ship contracted provide from mid-2022.

To contact the writer, e mail jov.onsat@rigzone.com





Supply hyperlink

You Might Also Like

OPEC Oil Gambit Trying a Little Much less Expensive, For Now

Crude Futures Soar | Rigzone

Vitol Palms File $10.6B Payout to Its Merchants

Sonatrach, Libyan NOC Pen Collaboration Agreements

Enterprise World Approves Section I of CP2 LNG Venture

Editorial Team March 14, 2025
Share this Article
Facebook Twitter Email Print
Previous Article Impairments Hit STEP’s Outcomes | Rigzone Impairments Hit STEP’s Outcomes | Rigzone
Next Article Commerce Struggle Might Maintain Down Oil Demand, Value Drop to Present Some Offset: IEA Commerce Struggle Might Maintain Down Oil Demand, Value Drop to Present Some Offset: IEA
about us

Pipeline Pulse magazine is a preeminent digital publication in the petroleum industry, with a strong presence in the Middle East. Our esteemed digital publication is dedicated to providing cutting-edge insights on the international oil and gas industry, offering critical analysis of pressing issues and events, along with practical technology for designing, operating, and maintaining oil and gas operations.

Topics

  • Oil
  • Gas
  • Refining & Processing
  • Featured
  • Pipelines
  • Exploration
  • Drilling

Quick Links

  • About Us
  • Advertising Solutions
  • Privacy
  • Terms of Service
  • Podcast

Find Us on Socials

Copyright © Pipeline Pulse™ , All right reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Loading
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?