Uniper expands renewable portfolio with acquisition of 20.4 MW photovoltaic project in Poland

Uniper has signed a share purchase agreement with local project developer Photon Energy Group to acquire a photovoltaic project with 20.4 megawatts (MW) capacity. 

The project, located in the northern part of Poland, is expected to close by the end of 2024 after achieving ready-to-build status.

“Our project pipeline in Poland is growing. Our goal is to reach a project pipeline of around one gigawatt (GW) in Poland in the medium to long term,” Pawel Tarczewski, Head of Solar & Wind Development Poland at Uniper Renewables said in a press statement.

Driving transformation through forms of energy generation

Uniper’s strategy focuses on revolutionizing the energy industry through adaptable, well-rounded, and customized forms of energy generation. To achieve this, the company is modernizing its power plants and investing in flexible and reliable power generation assets.

Total investment in growth and transformation between 2023 and 2030 reached approximately €8 billion. These investments target significant development in solar and wind power plants. 

In 2030, Uniper aims to utilize over 80% of its installed power plant capacity for CO2-free electricity production. The company stated that it will cease electricity production from coal by 2029 at the latest.

Overall, the German multinational aims to develop 10 gigawatts of onshore wind and solar PV farms across key European markets, including Germany, France, the UK, Italy, Sweden, Hungary, and Poland, by 2030, to ready-to-build status. 

Additionally, Uniper is committed to maturing investments in three gigawatts of renewables by 2025.