Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Xetra  >  Uniper SE    UN01   DE000UNSE018


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Uniper : German regulator tenders for 4,000 MW of hard coal plant closures

share with twitter share with LinkedIn share with facebook
08/04/2020 | 07:56am EDT
The Neurath lignite power plants of German utility RWE is seen during sunset near Grevenbroich

Germany's energy regulator on Tuesday set a Sept. 1 bidding date for a first auction inviting operators of hard coal-fired power stations to compete for compensation to close 4,000 megawatts (MW) of capacity under laws seeking to curb carbon emissions.

The auction system implements parts of a wide-ranging package of bills passed by the German government in June to arrange the long-term exit from coal mining and generation activities by 2038.

"The tenders create an incentive to quickly take the most climate-damaging hard coal-fired power plants off the grid. At the same time, security of supply remains guaranteed," said Jochen Homann, president of the federal network regulator, the Bundesnetzagentur.

Last year, a total 20,000 MW of hard coal plant capacity supplied 9% of Germany's generation output.

A series of tenders will be carried out between 2020 and 2027, in which operators will declare the price at which they would be prepared to shut their plants in return for funds to offset some of their financial losses.

The maximum price in the first round would be 165,000 euros (148,928 pounds) per MW of generation capacity, the Bundesnetzagentur said in a statement.

The ultimate price decided upon would take into account bidders' offers and the relevant CO2 emissions levels of the plants in question.

Some operators of plants run on imported hard coal have complained that they face heavy write-downs on their assets under the rulings.

They have raised objections to utility incumbents such as RWE and Uniper - that mine domestic brown coal and then burn it in adjacent plants - being set to receive high, fixed compensation to fund lay-offs and help affected regions.

Unlisted Steag, which operates 5,500 MW, last week said it was preparing to challenge the coal exit conditions in the country's constitutional court to secure higher payments, citing interference with ownership rights.

(Reporting by Vera Eckert; Editing by Michelle Martin)

Stocks mentioned in the article
ChangeLast1st jan.
RWE AG 1.27% 31.79 Delayed Quote.16.23%
UNIPER SE 1.02% 25.66 Delayed Quote.-13.05%
share with twitter share with LinkedIn share with facebook
All news about UNIPER SE
10/26Nord Stream 2 pipe-laying vessel nears project hub
10/26UNIPER SE : Preliminary announcement of the publication of quarterly reports and..
10/26UNIPER : Gets a Neutral rating from Credit Suisse
10/07Polish watchdog fines Gazprom $7.6 billion over Nord Stream 2 gas pipeline
10/07TIMELINE-Twists and turns in Russia's Nord Stream 2 gas pipeline to Germany
10/07Gazprom Faces $7.58 Billion Fine From Polish Regulator Over Nord Stream 2 Pip..
10/07Gazprom Faces $7.58 Billion Fine From Polish Regulator Over Nord Stream 2 Pip..
10/07Polish watchdog fines Gazprom $7.6 bln over Nord Stream 2 gas pipeline
10/03Germany says it expects EU to impose sanctions against Russia over Navalny ca..
09/29Uniper explores sale of 20% stake in Opal gas pipeline - sources
More news
Sales 2020 67 466 M 78 564 M 78 564 M
Net income 2020 685 M 798 M 798 M
Net Debt 2020 1 504 M 1 751 M 1 751 M
P/E ratio 2020 13,6x
Yield 2020 5,34%
Capitalization 9 391 M 10 943 M 10 935 M
EV / Sales 2020 0,16x
EV / Sales 2021 0,17x
Nbr of Employees 11 746
Free-Float 21,1%
Duration : Period :
Uniper SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNIPER SE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus UNDERPERFORM
Number of Analysts 18
Average target price 24,73 €
Last Close Price 25,66 €
Spread / Highest target 22,8%
Spread / Average Target -3,63%
Spread / Lowest Target -27,9%
EPS Revisions
Andreas Schierenbeck Chief Executive Officer
Klaus-Dieter Maubach Chairman-Supervisory Board
David Bryson Chie Operating Officer
Sascha Bibert Chief Financial Officer
Oliver Biniek Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
UNIPER SE-13.05%10 943
SEMPRA ENERGY-17.24%36 800
ENGIE-27.88%29 204
E.ON SE-6.01%27 201
RWE AG16.23%25 052