German energy company Uniper has reached an agreement to sell the Datteln 4 coal-fired power plant located in North Rhine-Westphalia, a western German state, to the ResInvest Group.
This deal includes the site’s coal infrastructure and the associated heat generation facilities.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The purchase price of the deal has not been disclosed.
The Datteln 4 power plant, commissioned in 2020, is a hard coal-fired power station with a net capacity of 1,052MW.
The plant is recognised for its efficiency and flexibility among coal-fired power plants globally, stated Uniper.
It delivers electricity to households, traction power to Deutsche Bahn, and district heating to thousands of residences across the northern Ruhr area.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAs of now, the Datteln site employs over 100 people.
The divestment forms a part of Uniper’s obligations under EU state aid law.
On 20 December 2022, the European Commission approved a stabilisation package for Uniper.
Under this approval, the commission outlined structural remedies that Uniper must adhere to, including the sale of the Datteln 4 coal-fired power plant.
Uniper COO Holger Kreetz said: “The EU conditions make the sale of the Datteln 4 power plant necessary. The plant makes a significant contribution to energy supply – thanks above all to the highly professional and dedicated team that ensures operations with great passion.
“It is all the more gratifying that we have found a buyer in ResInvest Group who will continue to guarantee the safe and efficient operation of the plant. Upon completion of the transaction, ResInvest Group will not only take over a state-of-the-art power plant – but also a strong team.”
ResInvest Group founder and chair Tomáš Novotný said: “By acquiring Datteln 4, we are pursuing our strategy of investing in infrastructure assets where we see long-term value. We are committed to ensuring reliable operations today, while remaining ready to meet future energy needs.”
Following the signing, the required regulatory approvals will need to be secured.
Once these permissions have been received, the transaction will be marked as formally complete.
This May, Uniper unveiled plans to build its first solar power farms in Sweden, carried out in partnership with solar energy company Solgrid.
