Axpo News
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...
Axpo has signed a solar Power Purchase Agreement (PPA) in Poland marking another major milestone for the company in Eastern Europe. The agreement will see Axpo’s Warsaw-headquartered subsidiary off-take the electricity produced by solar plants owned by R.Power Group, one of the fastest-growing solar energy developers in Europe. solar plants The contract covers a portfolio of solar plants currently under construction throughout Poland The contract covers a portfolio of solar plants cu...
The Hydropower Round Table issued a statement proposing 15 concrete projects. Axpo supports the jointly developed strategic thrust of the document, underpinning as it does the importance of Swiss hydropower. However, while a necessary step in the right direction, it does not do enough to drive the progress necessary for a successful energy transition. Hydropower Round Table A key statement was signed to achieve a seasonal storage capacity amounting to 2 TWh by the year 2040 The third Hydro...
Axpo Iberia has signed a series of power purchase agreements (PPAs) with Aquila Capital, an international investment company focusing on renewable energies. In a major milestone for the Axpo subsidiary’s PPA business, Aquila Capital will supply it with 100% renewable energy generated in four solar plants in Portugal. The long-term PPAs have a competitive price structure and a duration of between five and seven years. Axpo Iberia will purchase renewable energy from the four solar plants, w...
Axpo is further strengthening its position in the UK energy market. Its subsidiary, Axpo UK Ltd and French solar developer, Voltalia have signed a new ten-year, fixed price power purchase agreement (PPA), it was announced recently. Thereby, Axpo UK will purchase 100% of the electricity, Renewables Obligation Certificates (ROCs), and Renewable Energy Guarantees of Origin (REGOs) from Voltalia’s 7.2 MW Tonge solar park near Sittingbourne, in Kent, England. Axpo - Voltalia partnership Axpo...
Axpo has signed a 10-year power purchase agreement (PPA) with the Sparbanken Skåne solar park, underlining its role as a provider of renewable energy PPAs in Sweden. Working with one of Sweden’s largest solar developers, Svea Solar, Axpo is now breaking ground with the country’s first market-based solar PPA, proving the case for commercial solar build-out. Svea Solar, a Swedish energy company founded in 2014, has been focusing on the development of solar energy projects in its...
Axpo and IWB are jointly implementing the largest alpine solar plant in Switzerland. The partners will install and commission the pioneering 2.2 MW Muttsee dam project in the summer of 2021. Supermarket chain - Denner will draw on the solar electricity it produces for 20 years. Originally initiated by Axpo, the large-scale alpine solar plant on the Muttsee dam is now the ‘AlpinSolar’ cooperative project, by Denner, Axpo and IWB. The two energy companies - Axpo and IWB are establishi...
Over the next four months, Axpo and IWB will build the largest alpine solar plant in Switzerland at the Muttsee dam. Following construction approval from the local municipality of Glarus Süd, the first components were transported to the dam. AlpinSolar AlpinSolar will generate 3.3 million kilowatt-hours of electricity annually, half of which in winter. Supermarket chain Denner has concluded a power purchase agreement for the electricity it produces over 20 years. The local municipality o...
One of the world’s renowned suppliers of plastic packaging solutions, Berry Global, Inc. will soon be powering its plants located in Spain, with climate-friendly solar electricity, under a Power Purchase Agreement (PPA) signed with Axpo Iberia (Axpo). The U.S.-based company - Berry Global, Inc. will be supplied with electricity over a ten-year period from a new 50 MW plant, which is to be built by Spanish project developer - Solaria. Due for completion by the end of 2021, the new 50 MW pl...
France has experienced a major expansion of renewable energies in recent years. One secret to its success is the opportunity for citizens to participate in new plants. A player in this area is the Axpo subsidiary Urbasolar, which has generated nearly 19 million Euros through participatory funding. participatory funding Urbasolar puts participatory funding at the core of its strategy for the construction of solar power plants Urbasolar puts participatory funding at the core of its strategy f...
Axpo is further expanding its business activities related to renewable energies: The company’s Polish branch will provide green electricity to Johnson Matthey (JM), a provider of sustainable technologies, for a battery cathode materials plant in Konin, Poland. Using 100% renewable energy by means of a full supply contract will significantly reduce the plant’s carbon footprint and support Poland’s shift to a lower carbon economy. JM’s new factory in Konin, currently und...
The Board of Directors of Aarekraftwerk Klingnau AG (AKA) approves the annual report and accounts for the 2019/20 financial year to be presented to the General Meeting of Shareholders on March 12, 2021. Aarekraftwerk Klingnau produced 202 million kilowatt-hours of electricity in the year under review - slightly more than in the previous year. Slightly higher discharge The operation of Aarekraftwerk Klingnau was accident-free and without any significant disruptions in the financial year 2019/2...
Axpo is building a ground-mounted solar plant on the industrial zone of the Altgass substation in Baar (Canton of Zug). The plant will go into operation in November and will produce renewable power for some 70 households in the region. The completion of the plant marks a further step in Axpo's expansion of its share in renewable energy in Switzerland. Large solar plants on open areas are rare and hardly feasible in Switzerland owing to the restrictive legal environment and scarce land. Growing...
Urbasolar is accelerating its growth: In cooperation with the French bank Crédit Agricole, Axpo’s subsidiary, which specializes in photovoltaics, is building 37 new solar plants across 16 French departments. Total project financing amounts to EUR 124 million. This is one of the financing volumes for new PV systems in France. Axpo is thus consistently implementing its growth strategy in the renewable energies sector. Installed capacity of 143 MW The 37 solar plants that will prim...
Axpo announces Albula-Landwasser Kraftwerke AG (ALK) has commissioned the Tischbach power plant in Bergün. The 220 kilowatt small hydroelectric power plant uses water from an existing ALK water feed line and produces clean electricity for around 120 average four-person households. The Tischbach small hydroelectric power plant was installed at the connection between the existing Tischbach water catchment and the Bergün balancing reservoir. This means that in future the water from the e...
Whenever it is needed, electricity comes reliably from the plug socket. For this to be the case, innumerable factors must interact within the power supply system. Axpo’s new permanent exhibition ‘Smart Energy Lab’ at Umwelt Arena Spreitenbach, in Switzerland, conveys these interrelationships in an interactive and playful way. ‘Smart Energy Lab’ ‘Electricity is only as intelligent as we make it’, under this motto, visitors to the new ‘Smart Energ...
The first large-scale alpine solar plant in Switzerland can be built. The relevant authorities have approved the building application. Due to new findings, the plant design will be slightly adapted. Axpo plans to build the plant on the Muttsee dam in the summer of 2021. The Canton of Glarus has approved the construction of the 2-megawatt solar plant on the Muttsee dam. The Glarus South municipality and the Swiss Federal Office of Energy (SFOE) were also involved in the approval procedure and...
By 2021, Axpo's subsidiary Urbasolar will build three solar plants in France to produce solar power for the Paris airports. The plants will cover around 10 percent of the electricity needed by the airports Charles de Gaulle, Orly, and Le Bourget. solar modules The three plants will be located in the French departments of Gard, Var, and Charente. Urbasolar will install solar modules with a total capacity of 40 megawatts on an area of 40 hectares. The plants will produce around 47-gigawatt ho...
Since the beginning of 2020, the largest private telecommunications provider in Switzerland relies on hydropower: Axpo has concluded a full supply contract with Sunrise. The agreement includes the supply of electricity from the Axpo hydropower plants to all the Sunrise locations in Switzerland. renewable energies Sunrise is relying on renewable energies and has secured the certification for climate-friendly energy production Axpo supplies the company with certified electricity from Swiss hy...
Axpo is further expanding its business in the UK market: The company’s subsidiary in London and So Energy, a challenger supplier to the UK domestic market, announce a three-year energy supply and trading deal. The deal is to provide exclusive access to wholesale natural gas and power to supply So Energy’s growing customer base. It will also improve So Energy’s ability to access renewable sources of energy for its customers. This strengthens Axpo’s position in the UK ener...
Axpo’s subsidiary in London, United Kingdom (UK) and Valda Energy, a new energy supplier to the UK SME business market, have just announced a three-year deal for energy supply. Thus, Axpo further strengthens its position in the UK energy market. In the context of this partnership, Axpo will grant Valda Energy access to the long and short-term commodity market, and provide them with electricity. Thus, Valda Energy will be able to manage the risks associated with the constantly changing mar...
The Kraftwerke Linth-Limmern AG (KLL) Board approved the 2018/19 annual financial statement prepared for the Annual General Meeting to be held on 19 March 2020. KLL's energy production to Axpo and the Canton of Glarus increased to 1.49 billion kWh in the financial year 2018/19 (the previous year 1.38 billion kWh). Annual costs increased in parallel. increased annual costs Axpo fully covers the Limmern pumped storage plant annual costs for the period after 18 August 2017 In financial year 2...
The Board of Directors of Aarekraftwerk Klingnau AG (AKA) approved the 2018/19 annual financial statement prepared for the Annual General Meeting to be held on 13 March 2020. In the financial year 2018/19, AKA's energy production to partners amounted to 186 GWh, which was slightly lower as compared to the previous year owing to the below-average water flow in the Aare River. Annual costs also decreased in parallel. Annual financial statement Water flow in the Aare River – with the excep...
Axpo, SN Energie, and tb.glarus are modernizing the grid infrastructure in the Canton of Glarus. Jointly defined measures will sustainably enhance power supply to residents and businesses in the region of Glarus-Schwanden taking environmental aspects into account. Axpo and SN Energie are responsible for the supra-regional grid infrastructure in the Glarus-Schwanden region. Technische Betriebe Glarus (tb.glarus) is in charge of the local distribution grid. The three energy companies are pooling...
Axpo plans to install the first large-scale, alpine solar plant in Switzerland on the Muttsee dam at the Limmern pumped storage plant. With the 2-megawatt pioneer project, Axpo is driving forward the expansion of renewable energies in Switzerland. The plant will generate about half of its power production during the winter – when there is generally a power shortage. The efficiency of the plant The Muttsee Dam is extremely well suited for a photovoltaic plant thanks to its existing inf...
The Canton of Glarus and Axpo have come to an agreement on how to implement the court settlement concerning the Limmern pumped storage plant. Among other things, the agreement specifies that the Axpo subsidiary Axpo Solutions AG will market the Canton of Glarus' energy share from its participation in Kraftwerke Linth-Limmern (KLL) until at least 31 December 2021. The two shareholders in Kraftwerke Linth-Limmern AG agreed to a court settlement in the legal dispute regarding the Limmern pump...
The Beznau nuclear power plant (KKB) will take Unit 2 off-grid as scheduled on 10 August 2019, to perform inspection work and refueling. The work will take about 40 days. This marks the end of a malfunction-free operating cycle of about 400 days, which began on 9 July 2018. The focus of work includes maintenance, recurring tests, and inspections. Integral system tests and pressure tests will also be carried out as usual. Of the 121 fuel elements, 20 will be replaced with new elements and inst...
Unit 1 of the Beznau nuclear power plant (KKB) was resynchronized with the grid around midday and electricity production was resumed. A fault in the Beznau substation - probably due to lightning strike - triggered a rapid shutdown of Unit 1 of the Beznau nuclear power plant (KKB). The system reacted as designed. The safety of the employees and the population was guaranteed at all times.
Axpo Deutschland, Axpo's subsidiary for the German market, has concluded a long-term power purchase agreement (PPA) for solar power without any state subsidies for the first time. It is one of the very first PPAs in the German solar market. Subsidies for electricity from renewable energies such as sun and wind are declining in many European energy markets, including Germany. Nevertheless, the German photovoltaic market is becoming increasingly interesting for investors. By means of long-term po...