Axpo News

A second power purchase agreement (PPA) has been signed between Axpo and Sunnic Lighthouse GmbH, the Germany-based energy trading subsidiary of solar developer ENERPARC AG, it was announced. From 1 October 2023, Sunnic will supply 38.4 gigawatt hours (GWh) of solar power a year to Axpo. This equates to the annual electricity needs of around 7,500 households and represents a reduction in CO2 emissions of more than 22,000 tonnes a year. Investment in renewable energies Under the agreement, Sun...

Axpo and Pilkington Automotive Finland Oy, part of the NSG Group, a global innovator in glass manufacturing, have signed a long-term wind energy power purchase agreement (PPA), the companies have announced. The partnership is a significant step towards powering NSG Group’s plants in Finland with clean electricity and further demonstrates the commitment of both companies to sustainability. Axpo and Pilkington Automotive Finland Oy partnership Axpo will supply Pilkington Automotive Finlan...

Axpo and globally renowned industrial chemicals manufacturer - Nobian have signed a long-term power purchase agreement (PPA) in the Netherlands, the companies have announced. The PPA will see Axpo provide solar power to Nobian’s operations at Delfzijl from a facility developed by WIRCON, a large and growing international solar energy developer. Under the 15-year agreement, Axpo will procure 17 GWh of renewable energy annually from a WIRCON solar park in the Netherlands and deliver it to N...

Beznau nuclear power plant (KKB) has completed the overhaul of block 2. The Swiss Federal Nuclear Safety Inspectorate (ENSI) has given its approval for the resumption of operations. KKB 2 will thus start a new operating cycle. The plant will continue providing an essential contribution to the security of supply in Switzerland. Comprehensive maintenance work The overhaul focused on comprehensive maintenance work, periodic tests and inspections. Out of 121 fuel elements, 20 were replaced. The...

Axpo is pushing forward with its solar offensive in Switzerland, which was launched in 2022, and is planning to build an approximately 15-MWp ground-mounted installation in Ilanz/Glion in the canton of Graubünden. According to current planning, the plant is expected to generate around 22 gigawatt hours of sustainable electricity per year, a significant amount of which will be generated in the cold winter months. The project is intended to be a model of how nature, leisure activities and en...

Axpo is expanding its activities in the area of wind power, with a focused commitment to the development, construction, and operation of wind turbines in Switzerland. There is enormous potential in wind energy, particularly as it supplies essential winter electricity in the cold, dark months of the year. At the National Wind Energy Conference, Axpo also joined the industry association Suisse Eole. Investments in renewable energies Axpo continues to drive the energy transition in Switzerland,...

Axpo CFO and Executive Board member Joris Gröflin, 46, will step down from his roles by the end of January 2024 at the latest. The search for a successor will begin immediately.           Mr Gröflin will be leaving Axpo to take on a new role outside the business, and is expected to depart by the end of January 2024 at the latest. Axpo’s Board of Directors and Executive Board want to thank him for his outstanding contribution to...

In Spain, Axpo begins construction of one of its largest solar plants to date in September 2023. The plant, with an installed capacity of 200 megawatts, is part of Axpo's ambition to develop ten gigawatts in Europe by 2030. As the largest Swiss producer of renewable energies, Axpo is thus making a contribution to the expansion of climate-friendly electricity production in Europe, from which Switzerland also benefits. solar capacity Axpo's ambition is to develop a total of ten gigawatts...

Axpo will develop one of the largest battery storage facilities in Sweden, it was announced. Acquired from project developer SENS (Sustainable Energy Solutions Sweden), the facility in Filipstad is designed to provide ancillary services to help balance the electricity grid. Construction is expected to start in early 2024. 25 MW lithium-ion battery storage system Axpo will develop a 25 MW lithium-ion battery storage system around 300 km west of the Swedish capital Stockholm, in the town of Fil...

Axpo is to build its next alpine solar plant in the Disentis ski area in the Canton of Grisons. With an installed capacity of 10 MW, the ground-mounted plant will produce electricity right where it is needed: The mountain railway to the ski area will be driven with sustainable solar power. With the project, Axpo is moving forward with the solar offensive that was launched in the fall of 2022 and making an important contribution to the development of urgently needed winter power capacities. An...

Axpo and Borealis, one of the world’s major providers of advanced and sustainable polyolefins solutions and a European front-runner in polyolefins recycling, have signed a second power purchase agreement (PPA) within six months. The eight-year deal closely follows on the heels of the ten-year power purchase agreement with Axpo announced in December 2022, which procures renewable electricity for Borealis operations in Stenungsund, Sweden, from January 2024. Axpo and Borealis sign new powe...

In the latest expansion of its battery storage capacity, Axpo will build a 20MW/20MWh facility in Sweden to deliver services to the grid in 2024, it was announced. Axpo acquired the project from developers - RES, a global renewable energy company, and Scandinavian Capacity Reserve (SCR). The lithium-ion based facility will be built in Landskrona, Sweden and connected to the grid by local energy company - Landskrona Energi. New lithium-ion based battery storage facility Axpo will build a 20MW/...

Axpo is significantly expanding its solar ambitions in Switzerland. By the year 2030, the company intends to develop solar capacities of over 1.2 gigawatts in the Alps and residential areas. The plants will produce enough electricity to cover the annual consumption of over 300,000 Swiss households. Upon completion of the plant at the Muttsee dam, planning of the next alpine solar facility is already underway. Solar offensive For sustainable, reliable power supply The solar offensive will make...

Axpo subsidiary CKW and Leuk TDC are breaking new ground in photovoltaics with satellite dishes converted into solar systems. At 1,000 meters above sea level, Leuk TDC is largely self-sufficient due to the satellite dishes and additional solar panels on the roof of its data center. Such innovative large-scale solar projects are an important step towards the transformation of Switzerland's energy supply. Using satellite dishes for energy production Leuk TDC is the first company in Europe to...

To increase the security of supply, Axpo has converted the operating voltage of the power lines from 50 to 110 kilovolts (kV) in the region west of Schaffhausen and the neighboring areas in the canton of Zurich, in Switzerland. The work, which was successfully completed this autumn, will increase the performance and reliability of the electricity supply in the entire region. High-performance grid infrastructure A high-performance grid infrastructure is the basis of a secure electricity supply...

Via its subsidiary CKW, Axpo is publishing detailed smart-meter data on power consumption in the Canton of Lucerne. For the first time, energy consumption can be analysed in real-time and compared to the two previous years. The anonymised data is available to all interested parties as "open data" and is unparalleled in Switzerland in terms of detail. The Axpo subsidiary CKW makes this power consumption data available to all interested parties transparently and at no cost on the website....

Borealis, one of the world’s providers of advanced and sustainable polyolefin solutions and a European front-runner in polyolefins recycling has reached an important milestone on its way to increase the share of renewable energy used in its Swedish operations with the signing of a power purchase agreement (PPA) with Axpo Nordic, it was announced today. Under the agreement, Axpo will supply Borealis with renewable electricity generated by the 60 MW Hultema wind farm in Sweden, owned by Swi...

Axpo has agreed the sale of its 46% share in the 33 MW La Peñuca wind farm in Spain to Cubico Sustainable Investments (Cubico), a privately-owned renewable energy companies. By 2030, Axpo aims to develop onshore wind farms and solar plants internationally with an installed capacity of 3 GW and 10 GW respectively. To achieve this strategic goal, the company continuously reviews its options to redistribute wind and PV assets across Europe and divest selected plants and shareholdings. The s...

Project planning for a hydrogen production facility at the Eglisau-Glattfelden hydropower plant has come to a halt owing to appeals filed by private citizens. The plant for the production of green hydrogen would have enabled yearly savings of 1.5 million liters of diesel fuel in the road transport sector. Despite this setback, Axpo will continue to advance its hydrogen plans in Switzerland. Forced to halt After informing on the project in April 2021, Axpo is now forced to halt project plannin...

Axpo has closed an additional syndicated, committed and unsecured credit facility of EUR 2.3 billion with an international bank consortium, increasing its syndicated credit lines with banks to a total of EUR 5.3 billion.   Axpo Holding AG (Axpo) has signed an additional unsecured credit facility of EUR 2.3 billion with an international bank consortium. The new facility has a 1-year tenor and can be extended unilaterally by Axpo for an additional year. Credit facility These credit facilit...

Expanding renewable energies domestically and abroad is an important pillar of the Axpo strategy. After ten years of development, Axpo is integrating the wind and solar business into two in-house divisions to support the ambition of continuing to make a substantial contribution to the expansion of climate-friendly power production. Katja Stommel, CEO of the Axpo subsidiary Volkswind, will become the Head of the new Wind division. Antoine Millioud will take over as the Head of the Solar division...

Following successful refueling, Axpo brought Unit 2 of the Beznau nuclear power plant (KKB) back online during the course of August 22, 2022. With the new loading of the reactor core at the Beznau nuclear power plant, KKB 2 (Unit 2) is starting the next operating cycle and will once again produce electricity around the clock for more than 600,000 four-person households. Unit 2 of the Beznau nuclear power plant back online Unit 2 of the Beznau nuclear power plant (KKB 2) has now gradually resu...

The Swiss Federal Council has approved the dispatch to the Federal Assembly of a new draft act for the security of electricity supply through renewable energies. Axpo welcomes its direction of travel, but not the pace or measures it proposes. Expansion of renewable energies Axpo is convinced that an auctioned floating market premium, based on a successful international model, would advance the expansion of renewable energies faster and more efficiently, in comparison to the planned investment...

In the latest expansion of its wind energy activities, Axpo announced that two wind farms with a combined total of 38 turbines are in the planning stage in Romania. Overall, the development pipeline of Axpo includes wind farms with an installed capacity of 3.5 GW. Axpo continues to make a substantial contribution to the expansion of climate-friendly power production across Europe and Switzerland, where it is the largest producer of renewable energies. Aquarius Energy Developments Axpo will wo...

Axpo Iberia has signed a ten-year physical power purchase agreement (PPA) with the Spanish photovoltaics developer Solaria for three solar plants currently under construction in Spain. The deal reinforces Axpo’s position as a provider of PPAs in the Spanish and Portuguese markets. tailor-made and innovative solutions Under the agreement, energy will be supplied from a solar project located in Castilla-La Mancha and two additional ones in Castilla y León which will be connected to...

Axpo U.S. LLC has executed a commodity hedge, in the form of a Power Purchase Agreement (PPA) with Cypress Creek Renewables, a solar and energy company, for a new project (Shakes Solar) being constructed in Dimmit County, Texas.  Axpo will purchase the energy and renewable energy certificates (RECs) produced by Shakes during the term of the PPA.  Axpo’s hedge enables the investment and development of the Shakes solar project. The contract is a significant milestone for Ax...

Axpo announces the Beznau nuclear power plant (KKB) has completed refurbishment work on Unit 2 and reconnected it to the grid, following the approval of the Swiss Federal Nuclear Safety Inspectorate (ENSI). The focus of refurbishment comprised maintenance work, recurring tests and inspections, as well as the commissioning of new systems. In addition, integral system tests were carried out as usual. Of the 121 fuel assemblies, 20 were replaced with new elements and installed in the reactor core....

ABB and Ballard Power Systems are progressing with their industry-renowned partnership to decarbonize marine transport and have received an AiP from DNV Maritime for their high-power fuel cell concept, the development of which was launched in 2018. An AiP is a major milestone in developing new technology as an independent assessment of the concept, confirming that the design is feasible and no significant obstacles exist to prevent the concept from being realized. With the AiP in place, the joi...

Axpo has signed a Power Purchase Agreement (PPA) with the Danish company Obton A/S, a solar energy investor in Europe, for the Klatzow solar park currently under construction in Mecklenburg-Vorpommern. The ten-year contract demonstrates the important role of PPAs in the expansion of renewable energies in Germany. renewable energy Construction of the 11 MWp Klatzow solar park near Neubrandenburg is already underway, with commissioning planned for spring 2022. While Axpo has been active in t...

Axpo is continuing to expand its solar energy activities with the development of new plants in Spain, Italy, and Poland totaling 4 GW of installed capacity. Solar power plants with 10 GW capacity will be built by 2030. As the largest producer of renewable energy in Switzerland, Axpo is making a substantial contribution to the growth of climate-friendly power production in Switzerland and Europe. Expanding solar power capacity Expanding solar power capacity by approximately 10 gigawatts will...