Uniper's highly efficient coal fired power station MPP3 at Maasvlakte close to Rotterdam was officially opened in 2016 and its techniques meet the world's highest standards. The Dutch Coal Prohibition Act puts an end to the use of coal for the production of electricity for Uniper's MPP3 by 1st of January 2030. This means a forced closure after only roughly fifteen years of operation without any compensation. A conversion of MPP3 is unrealistic. Uniper has consistently expressed its concerns to the ministry and members of Parliament and the Senate about the fact that the law is lacking sufficient compensation. In Uniper's view, this law is unbalanced as Uniper cannot execute its ownership rights, but is also not compensated. In the interest of its customers and employees Uniper is now seeking for a judgement from independent courts about the question whether the law is legitimate in view of this lacking compensation.

Regardless of that, Uniper endorses the Dutch climate goals and wants to contribute to reduction of CO2 emissions. This is also in line with Uniper's corporate strategy. Uniper is willing to continue to contribute, also in the Netherlands, to the energy transition. Especially Uniper's Maasvlakte location is uniquely situated to accelerate this transition. Therefore, Uniper is keen to continue with its constructive discussions with the government and other stakeholders about future steam supply and residuals solutions, the production of green hydrogen and further options for CO2 reduction. This would allow for a transition towards a sustainable energy eco system at Maasvlakte, facilitating Uniper's existing and potentially additional industrial customers. For a sustainable future, clarity and a stable political framework will be crucial as it will enable the next steps into the transition.

David Bryson, COO Uniper SE: 'Uniper is committed to turn our European Generation business carbon neutral by 2035. While moving away from coal we are developing a wide range of sustainable alternatives. In our view the Uniper location at Maasvlakte is the perfect place for large-scale production of green hydrogen which would contribute significantly to the overall Dutch hydrogen targets. We sincerely hope that we can develop an acceptable solution in order to accelerate our transition ambitions.'

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Uniper SE published this content on 16 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2021 06:34:04 UTC.