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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

Power station owner Uniper posts £10bn loss as gas shortages bite

Uniper Klaus Müller Germany United Kingdom
Ratcliffe-on-Soar coal-fired power station
Uniper owns the Ratcliffe-on-Soar coal-fired power station as well as a string of gas plants. Photograph: Bill Allsopp/Alamy

The owner of the Ratcliffe-on-Soar power station in Nottinghamshire has posted a €12bn (£10bn) loss weeks after agreeing a bailout package with the German government, in a set of results that signal the deepening energy crisis across Europe.

Uniper received a €15bn lifeline from the German state in return for a 30% equity stake in a deal agreed in July.

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