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German energy provider Uniper attracts interest from buyers

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The German government’s 99% stake in power company Uniper has attracted interest from potential buyers, including Abu Dhabi’s Taqa and Norway’s Equinor, according to Bloomberg News. Germany is looking to reduce its holding, with Uniper’s value expected to exceed €10bn ($10.3bn). The government is considering options to exit, either through a single buyer or a stock offering. Goldman Sachs Group is advising Uniper’s management, while UBS Group and Roland Berger are exploring strategies for reducing…

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TAQA, JERA, and AlBawani to develop 3.6 GW power plants in Saudi Arabia

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The consortium of Abu Dhabi National Energy Company (TAQA), JERA Co., Inc., and AlBawani Capital has signed two 25-year power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) to develop the 1.8 GW Rumah 2 Independent Power Project (IPP) and the 1.8 GW Al Nairyah 2 IPP. These greenfield combined cycle gas turbine (CCGT) power plants will have a total capacity of 3.6 GW, using advanced high-efficiency gas turbines and supporting carbon capture…