“Beginning of the end for fossil power”
Bloomberg
Even the Uniper prospectus for its initial public offering (IPO) says that conventional power generation “faces the risk of disappearing completely from the market” in the long-term, writes Chris Bryant in a comment for Bloomberg. “It's not every company that announces its own birth by foreshadowing its death. But that's what makes the Uniper divorce such a landmark moment in the utilities world.” Still, that doesn’t mean there’s no value in the Uniper “bad bank”, according to Bryant. “The only question is how much is left and for how long […] Uniper is entering a brave new world but it remains a relic of the old one.”
Read the comment in English here.
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