Uniper returns €2.6 billion state aid to German government

EditorLuke Juricic
Published 03/13/2025, 10:29 AM
© Reuters.

Investing.com -- Uniper, the energy company, has repaid approximately €2.6 billion ($2.9 billion) to the Federal Republic of Germany, fulfilling its repayment obligations as set out in the EU state aid decision of December 20, 2022, and the framework agreement between the German government and Uniper on December 19, 2022. The repayment was confirmed in the company’s 2024 consolidated financial statements and completed in full on March 11, 2025.

In December 2022, the European Commission approved state aid to Uniper, conditional upon certain terms. This led to the German government providing financial resources of around €13.5 billion ($15 billion) in the 2022 financial year through capital increases. The aid was granted due to Uniper’s financial difficulties arising from high-cost gas procurement from sources other than Russia, due to a shortage in gas supplies.

The financial support enabled Uniper to fulfill its supply obligations and reliably deliver gas to municipal utilities and the German industry.

Uniper’s Chief Financial Officer, Jutta Dönges, stated that the repayment of around €2.6 billion to the German government is beneficial to the German state and its taxpayers. She confirmed that Uniper is now financially stronger post-crisis and is operating profitably. The company has learned valuable lessons from the crisis and is well prepared to contribute to a secure energy supply.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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