100 Jahre Axpo

100 Jahre Axpo

Media releases

Axpo must make impairments on the value of power plants and energy procurement contracts

12.09.2014 -
The further drop in wholesale electricity prices on the European markets as compared to the previous year have strongly impacted the profit situation of Axpo. An assessment of the value impairment of production plants was performed in view of the end of the financial year 2013/14 of Axpo Holding AG an Axpo Trading AG. Results indicate that Axpo must make substantial impairment provisions on domestic and foreign production facilities, as well as on French energy procurement contracts based on expected market prices and production costs in the future.

News

North Sea wind farm Global Tech I construction phase completed

01.09.2014 -
Construction of the North Sea wind farm Global Tech I is complete: 100 kilometres from the German coast and occupying an area half the size of Bremerhaven the offshore wind power station now stands with 80 turbines of the 5 megawatt class (AREVA Wind M5000-116) and the farm’s own transformer station. At present, only the cable work needs to be finalised. An underwater robot is checking that the farm’s 120 kilometres of internal cables lay correctly and at the right depth in their seabed trenches.

Axpo is «Top Energy Trader of the Year» in Central Eastern Europe

06.06.2014 -
The annual «Central Eastern Energy Award» proclaimed Axpo as the winner in the category «Top Energy Trader of the Year». The celebration took place on last Thursday night in Warsaw.