E.ON completes split of fossil fuel and renewable operations

Newly formed Uniper will assume control of the German energy giant's fossil fuel assets, with E.ON focusing on renewables and energy networks, reports BusinessGreen

Germany energy giant E.ON has officially separated its fossil fuel assets into a new company, dubbed Uniper.

The move, which became effective on January 1st, will see the energy company focus on renewables, energy networks, and energy efficiency services. Meanwhile, the independent Uniper will assume control of the company's fossil fuel and hydro assets, as well as its global energy trading activity.