Media releases

Here you will find all Axpo media informations from 2015 onwards.

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Company 15.01.2021

Axpo Holding AG General Meeting - shareholders approve dividend

The 20th ordinary General Meeting of Axpo Holding AG on 15 January 2021 approved the annual report and the annual financial statements for 2019/20, as well as all other requests. Jakob Stark, 62, was elected as the successor to member of the Board of Directors Roland Eberle, 67, who is retiring. The other incumbent members of the Board of Directors were re-elected for the 2021–2023 term. The shareholders approved payment of a dividend of CHF 80 million.

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Hydropower 15.01.2021

KLL increased production significantly

The Board of Directors of Kraftwerke Linth-Limmern AG (KLL) today approved the financial statements for the 2019/20 financial year and passed them for the attention of the Annual General Meeting on March 18. KLL's power plants produced significantly more electricity in the year under review than in the previous year.

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Hydropower 05.01.2021

Klingnau hydropower station: electricity for 45,000 homes produced

The Board of Directors of Aarekraftwerk Klingnau AG (AKA) today approved 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.

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Nuclear energy 21.12.2020

Beznau nuclear power plant: both units back on grid

In the course of the morning, both units of the Beznau nuclear power plant (KKB) were put back into operation following clearance from the Swiss Federal Nuclear Safety Inspectorate (ENSI). The two emergency diesels, in which an assembly deviation had been detected in the shock absorbers (parts of the engine mountings), were repaired.

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Company 18.12.2020

Avectris sold to GIA Informatik AG

The IT service provider Avectris, a subsidiary of Axpo, EKZ and AEW, has a new owner: Effective immediately, GIA Informatik AG, with headquarters in Oftringen, will take over the IT company which concentrates on the Swiss SME market.

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Company 14.12.2020

Alena Weibel to become new Axpo communications head in 2021

Alena Weibel (33), until now the Deputy Head of Corporate Communications & Public Affairs, will assume responsibility for communications at Axpo over the course of 2021. Rainer Meier (62), who has led the department for 15 years, will be handing over additional management functions to Alena Weibel from 1 January. The complete handover is scheduled for 1 August 2021.

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Company 14.12.2020

Alena Weibel wird 2021 neue Axpo Kommunikations-Chefin

Alena Weibel (33), bisher Stellvertreterin des Leiters Corporate Communications & Public Affairs bei Axpo, wird im Lauf des Jahres 2021 die neue Axpo Kommunikations-Chefin. Rainer Meier (62), der die Abteilung seit 15 Jahren leitet, wird Alena Weibel bereits ab dem 1. Januar zusätzliche Führungsaufgaben übertragen. Der Wechsel an der Spitze ist dann für den 1. August 2021 vorgesehen.

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Company 10.12.2020

Jakob Stark nominated for Board of Directors

The Board of Directors of Axpo Holding AG will propose to the General Meeting on 15 January 2021 that Dr Jakob Stark be elected as a Board member. The 62-year-old from Thurgau would replace Roland Eberle, who is stepping down.

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Company 10.12.2020

Robust Axpo achieves a strong result in a challenging environment

The Axpo Group achieved a very good result in the 2019/20 financial year (1 October 2019 to 30 September 2020) despite the challenges posed by the COVID-19 pandemic. The markedly positive result achieved as in previous years in the Trading & Sales business area was accompanied by solid contributions to earnings from the other business areas. Axpo benefited from slightly higher hedged electricity prices compared to the previous year and took advantage of the opportunities offered by volatility in the energy markets.

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Nuclear energy 09.12.2020

Beznau nuclear power plant off grid for work on emergency diesels

This morning both units of the Beznau nuclear power plant (KKB) were taken off grid in a controlled manner. During an inspection within the framework of earthquake safety verification, two of six emergency power diesels were found to have an assembly deviation in shock absorbers (vibration dampers). This must be corrected.

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International business 01.12.2020

Axpo opens new branch in Greece

Axpo, a leading European energy supply and trading business, has opened a new branch in Greece, it was announced today. Led by newly appointed country manager Vasileios Machias, the Athens based office will offer a range of risk management and market access solutions to local customers and partners.

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Hydropower 28.10.2020

Stricter regulation: "Moesa power plant" will not be pursued further

The two Grisons municipalities of Cama and Grono, together with Axpo, have decided to dissolve the study consortium founded six years ago to optimize the use of the Moesa's hydropower. Due to a Government decision on the residual water remediation of the existing power plants in the Misox, the project is no longer eligible for approval.

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Company 28.10.2020

Further development of Avectris

Axpo, EKZ and AEW are currently examining various strategic options for the successful development of their IT subsidiary Avectris. These options include a possible sale. No decisions have yet been made.

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Hydropower 27.10.2020

Lukmanier Gallery: Agreement between KVR and Canton Graubünden

The existing gallery on the Lukmanier Pass road along the Santa Maria reservoir of Kraftwerke Vorderrhein AG (KVR) is to be extended by 320 meters. This will permanently protect the section of road from avalanches. KVR has agreed with the canton of Graubünden on a split of costs.

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Grids 19.10.2020

Partial re-cabling of overhead line at Klingnau Reservoir

Axpo plans to increase the voltage of its power lines in the Lower Aare Valley (Canton of Aargau) from 50 to 110 kilovolts in order to improve security of supply. Under the project, the line section from the Aare riverbank at Beznau to the substation at the Klingnau hydropower station will be dis-mantled and replaced with underground cabling. The region will benefit from sustainable energy supply and the ecological enhancement of the recreational area around the Klingnau Reservoir.

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Grids 14.10.2020

Axpo builds solar plant in Canton of Zug

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.

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International business 12.10.2020

Axpo U.S. takes part in deal winning “Conventional Power Deal of the Year”

The Axpo US team participated in a complex hedging structure for the Long Ridge gas-fired power project in Ohio, which was awarded “Conventional Power Deal of the Year” by Power Finance & Risk (PFR magazine).

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Wind power 08.10.2020

Axpo Benelux signs PPA for Belgium’s largest onshore wind farm

Axpo underpins its role as a leading marketer of renewable energies in Europe: The company’s subsidiary for the Belgian market has recently signed an agreement for the purchase of the pow-er generated by a wind farm in Estinnes, in the region of Wallonia. The 82 MW wind farm owned by CGN Europe Energy produces around 150 GWh of renewable electricity per year with its 11 turbines and is Belgium’s largest onshore wind farm.

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International business 02.10.2020

Axpo Iberia signs 150 MW long-term PPA with Solaria

Axpo Iberia has signed a ten-year physical power purchase agreement (PPA) with the Spanish photovoltaics developer Solaria for three solar plants currently under construc-tion in Spain. The deal reinforces Axpo’s leading position as a provider of PPAs in the Spanish and Portuguese markets.

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Company 30.09.2020

Axpo and EKZ increase security of supply in the Stäfa area

With the aim of continuing to ensure a reliable supply of energy in the Stäfa region, Axpo is currently laying an overhead line of around one kilometer in length underground. EKZ built a new, more powerful substation that connects Axpo's high-voltage grid with EKZ's medium-voltage grid. The EKZ-operated substation was commissioned at the end of May 2019.

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Grids 16.09.2020

Fewer pylons in Schaffhausen nature park

Axpo plans to increase the voltage in its power lines in the Schaffhausen region in order to improve security of supply. Under the project, the existing overhead line going through the Schaffhausen nature park will be taken down and replaced with underground cabling. A total of 70 pylons will be removed, which will greatly enhance the landscape in the area. Planning approval has been granted.

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Nuclear energy 10.09.2020

Roland Schmidiger definitely takes over the management of the Beznau nuclear power plant

At the beginning of October 2020, Roland Schmidiger, the long-time deputy and current interim manager, will definitely take over the management of the Beznau nuclear power plant (KKB). With his management team, Roland Schmidiger has the task to ensure the reliable and safe operation of the power plant also in future and to further strengthen the acknowledged high safety culture in the team.

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Nuclear energy 21.08.2020

Management change at Beznau Nuclear Power Plant

On 1st September 2020, the Beznau Nuclear Power Plant (KKB) will undergo a management change. After ten years, Power Plant Manager Michael "Mike" Dost (59) will stand down. The decision comes following divergent views regarding the future management of the plant and cooperation with other Group companies. These divergent views are expressly not related to safety issues. Under the leadership of Michael Dost, the KKB has fulfilled all safety requirements at all times.

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Nuclear energy 18.08.2020

Beznau nuclear power plant: Fuel element replacement in Unit 2 completed

Unit 2 of the Beznau nuclear power plant (KKB) went back on grid yesterday evening. During the work performed over a two-week period, one sixth of the fuel elements were replaced on an alternating basis. With the completion of reactor core reloading, the plant is now ready for the next operating period.

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Nuclear energy 04.08.2020

Beznau nuclear power plant: Start of refueling in Unit 2

Unit 2 of the Beznau nuclear power plant (KKB) was taken off grid today, Tuesday, as planned in order to carry out refuelling. After reactor reloading, the plant will be ready for the next operating cycle.

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Renewable energy 24.07.2020

Axpo subsidiary Urbasolar builds new solar plants in Southern France for EUR 124 million

Urbasolar is accelerating its growth: In cooperation with the French bank Crédit Agricole, Axpo’s subsidiary, which specialises in photovoltaics, is building 37 new solar plants across 16 French departments.

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Company 15.07.2020

Axpo successfully places green bond

Axpo Holding AG successfully placed a green bond on the Swiss capital market via a digital capital market platform for the first time on 15 July 2020. The net proceeds of this CHF 133 million fixed-income note will be used to fund projects in the photovoltaic and wind energy sectors. This will help Axpo to strengthen its position as the largest Swiss producer of renewable energies and to expand its base of investors.

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Company 03.07.2020

Thomas Gresch joins Axpo as new Chief Technology Officer

As Chief Technology Officer (CTO), Thomas Gresch will head the technological development of the Group from January 1, 2021 at the latest. In Thomas Gresch (45), Axpo has gained an experienced and proven leader who, together with a new technology management team, will increase efficiency and effectiveness in central areas of the Axpo Group.

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International business 23.06.2020

Axpo takes over flexibility commercialization of Nordic’s largest battery storage unit

Axpo Nordic continues to expand its business in the commercialization of flexibility by entering the market of battery storage systems: The subsidiary of Axpo has concluded an agreement with Neoen, a global leader in battery-based grid services, for the provision of ancillary services from a newly built lithium-ion battery storage unit in Yllikkälä (Finland). In this context, Axpo Nordic will be responsible for the marketing of the facility’s flexibility on the Finnish market, and manage the battery’s energy production and consumption when it comes to charging and discharging.

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Hydropower 09.06.2020

Tischbach hydroelectric power plant commissioned

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.

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Company 08.06.2020

Strong operating performance – but earnings blunted by financial markets

The Axpo Group’s half-year financial results for 2019/20 (1 October 2019 to 31 March 2020) were influenced by two factors: a strong operating performance, which was up once again on the prior-year period, and the negative impact of volatility on the financial markets. The funds for the decommissioning and disposal of nuclear power plants (STENFO) had a particularly significant negative impact on results of CHF 389 million. Whereas earnings before interest and tax (EBIT) were still only slightly lower at CHF 329 million despite the Covid-19 crisis, the result for the period fell to CHF – 24 million.

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Renewable energy 03.06.2020

Axpo unveils "Smart Energy Lab" at Umwelt Arena Spreitenbach

Whenever we need it, 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 conveys these interrelationships in an interactive and playful way.

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Nuclear energy 22.05.2020

Beznau nuclear power plant: Unit 1 back on grid after scheduled outage

The Beznau nuclear power plant (KKB) has completed refurbishment work on Unit 1 and reconnected the reactor to the grid today following the approval of the Swiss Federal Nuclear Safety Inspectorate (ENSI). It was possible to complete the work on schedule despite all the corona-related restrictions and additional efforts.

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Wind power 19.05.2020

Axpo and Green Investment Group extend PPA cooperation to Norway

Axpo Nordic reinforces its role as a leading marketer of renewable energy in the Nordics by concluding two more long-term route-to-market power purchase agreements (PPA) with UK-based Green Investment Group’s (GIG) wind farms Buheii and Tysvær in Norway. Currently under construction with commercial operation expected in the second half of 2021, the wind farms will provide energy to the Norwegian smelters of Eramet, a global mining and metallurgical group. Axpo Nordic is responsible for facilitating the corporate PPA between GIG and Eramet Norway through the balancing of the wind farms and managing the physical power delivery.

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Renewable energy 30.04.2020

Energy Act: Investments in renewables have to be worthwhile

Targeted investment incentives are needed in order for Switzerland to achieve a substantial expansion of renewable energies. The investment contributions proposed under the revision of the Energy Act are not suitable for large-scale plants. Furthermore a risk guarantee to ensure long-term investments in existing hydropower plants is lacking. Axpo proposes appropriate alternatives.

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Hydropower 22.04.2020

Klingnau hydropower station: New habitat for birds and aquatic animals

Extensive construction work around the Klingnau hydropower station is starting these days. As part of the new operating concession, Aarekraftwerk Klingnau AG (AKA) is carrying out various ecological replacement and compensation projects.

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Nuclear energy 17.04.2020

Beznau nuclear power plant: Start of the annual revision of Unit 1

Today, the Beznau nuclear power plant (KKB) is taking Unit 1 off the grid for just over a month as planned for inspection work and for the replacement of fuel elements. This marks the end of an op-erating cycle of just over 300 days.

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Company 14.04.2020

Axpo expects half-year results for 2019/20 to be significantly lower than last year

Axpo expects the result for the period of the first half of 2019/20 to be significantly lower than in the previous year despite good operating performance.

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Renewable energy 02.04.2020

Alliance for an effective financing model for renewable energies

An alliance of the Swiss energy industry, consisting of the major energy suppliers, municipal utilities and various industry associations, is demanding that the Federal Council provides an effective and market-oriented financing model for renewable energies that will put an end to the current blockade on domestic investments and thereby guarantee security of supply. The demands include a binding development path for renewable energies and the introduction of competitive tenders with a floating market premium, taking into account European regulatory guidelines.

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Renewable energy 01.04.2020

Building permit granted for Muttsee solar plant

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.

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Hydropower 17.03.2020

KSL: Year of production above average

At the Annual General Meeting of Kraftwerke Sarganserland AG (KSL), the shareholders approved the 2018/19 annual financial statement. KSL has had a productive year of operations.

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Hydropower 17.03.2020

KLL increased production

The shareholders of Kraftwerke Linth-Limmern AG (KLL) have approved the 2018/19 annual financial statements and resolved to pay a dividend of CHF 1.75 million.

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Solar energy 04.03.2020

Axpo to build solar plants for Paris airports

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.

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Wind power 27.01.2020

Axpo takes over power marketing of Global Tech I offshore wind farm

Axpo continues to expand its business in the direct marketing of electricity from renewable energies in Germany: Axpo's German subsidiary has been responsible for the overall marketing of the Global Tech I (GT I) wind farm in the North Sea since the beginning of 2020. Axpo Deutschland was awarded the contract at the end of 2019.

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Hydropower 22.01.2020

Axpo supplies Sunrise with electricity from hydro-power

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.

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International business 20.01.2020

Axpo UK signs deal for energy supply and wholesale market access with So Energy

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, have today announced a three-year energy supply and trading deal.

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Company 17.01.2020

Annual General Meeting Axpo Holding AG – shareholders waive dividend

The 19th Annual General Meeting of Axpo Holding AG on 17 January 2020 has approved the annual report and the annual financial statements for 2018/19, and agreed on all other motions. The shareholders waived their dividend again.

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International business 15.01.2020

Axpo signs deal for energy supply and market access with Valda Energy

Axpo’s subsidiary in London 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.

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Hydropower 14.01.2020

Kraftwerke Linth-Limmern AG increased electricity production in 2018/19

Today, the Board of Directors of Kraftwerke Linth-Limmern AG (KLL) 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 financial year 2018/19 (previous year 1.38 billion kWh). Annual costs increased in parallel.

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Hydropower 09.01.2020

Aarekraftwerk Klingnau AG: Less water, less electricity

Today, 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 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 below-average water flow in the Aare River. Annual costs also decreased in parallel.

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