Global units bring together our businesses that operate on Europe's converging markets and that tend to track global trends. These businesses, some of which are also increasingly active in regions outside Europe, will be managed across national boundaries. The objective of this functional approach is to pool expertise and leverage synergies.
Exploration & Production
Our Exploration & Production segment is a growth business with good prospects for the future. We are active in four key regions: the UK North Sea, the Norwegian North Sea, Russia and North Africa.
Our Generation global unit oversees and coordinates the operations of our generation portfolio in Europe. It groups our power plants into four fleets by fuel type and manages these fleets across national boundaries. This functional setup significantly enhances our ability to share best practices, increase efficiency, and reduce costs.
Our generation fleet is one of the biggest in Europe. We have major asset positions in Germany, the United Kingdom, Sweden, Italy, Spain, France, and the Benelux countries. We also have one of the broadest and most balanced fuel mixes in the industry.
This global unit brings together our project-management and engineering expertise to support the construction of new power plants and the operation of existing plants across E.ON. We also bundled within this unit the execution of our research and development projects for the E.ON Innovation Center.
As the link between E.ON and the world’s wholesale energy markets, our Global Commodities segment buys and sells electricity, natural gas, liquefied natural gas, oil, coal, freight, and carbon allowances. In addition, it manages and develops assets at several stages of the gas value chain, including pipelines, long-term supply contracts, and storage facilities.
Our Renewables global unit plays a key role in expanding renewables capacity across Europe and North America. Renewables are good for the environment and have great potential as a business. That's why we're steadily increasing renewables' share of our generation portfolio by investing in wind, solar, biomass, biomethane, and marine energies. Our objective is to be a global leader in renewables.
- 1) [footnotes.accessibility] This ist not a reporting segment