Monday, July 17, 2017
When E.On announced it would split into two very different companies in 2016, the conventional generation and commodity trading business was described as the ‘bad bank’. But Uniper’s UK chairman Felix Lerch tells Janet Wood the company aims to be a bridge to the new energy world
The UK’s power challenges “have to be dealt with quickly, because they are coming quickly”, says Felix Lerch. Uniper’s UK chair knows something about facing change. The company was spun out of E.On just a year ago.
When the split was announced in 2014, Uniper’s mix of global commodity, trading and fossil investments was variously described as “bad E.ON” (by Greenpeace), “fossil E.On” (by Forbes) and even a “bad bank” equivalent (by the Financial Times).
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