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Company 14.05.2025

CO2-neutral emergency preparedness: Axpo wins contract for reserve power plant

The Swiss Federal Office of Energy (SFOE) today awarded Axpo the contract to build and operate a reserve power plant in the municipality of Muttenz, located in the northern canton of Basel-Landschaft. Using CO2-neutral fuels, the plant will operate in emergencies only to stabilise the electricity supply in the event of power shortages. Axpo will thus make another substantial investment in Switzerland's security of supply.

International business 07.05.2025

Axpo signs route-to-market contract to support cPPA between Auchan and GoldenPeaks Capital

The contract signed by Axpo will help power French multinational Auchan’s retail network in Poland, it was announced today. The agreement supports a long-term corporate power purchase agreement (cPPA) between Auchan and GoldenPeaks Capital. Under the cPPA, approximately 115 gigawatt hours (GWh) of green electricity will be supplied annually from solar farms owned by GoldenPeaks Capital, helping Auchan achieve its sustainability commitments.

International business 06.05.2025

Axpo and MOSOLF to build one of Europe’s largest solar car park canopy installations

Axpo and the MOSOLF Group, one of the leading system service providers to the automotive industry, are joining forces to build one of the largest solar car park canopy installations in Europe. The project, which was announced today, will be realised at MOSOLF’s site in Kippenheim, southern Germany. Covering an area of 109,000 square metres – roughly the size of 15 football pitches – the state-of-the-art photovoltaic system will feature over 54,000 solar modules with a total capacity of up to 24 megawatt peak (MWp).

Ad hoc announcement 06.05.2025

Axpo issues CHF 160 million bond

On 6 May 2025, Axpo Holding AG successfully placed a bond on the market for CHF 160 million in a challenging market environment. With an eight-year maturity and interest rate of 1.25 per cent, the bond was well-received by the market. Proceeds from the issue will be used for general corporate purposes, namely investments in existing and new facilities.

Solar energy 05.05.2025

Axpo launches construction of the alpine solar project NalpSolar

Axpo today officially launched construction of the alpine solar project NalpSolar with a ceremonial event held in the municipality of Tujetsch, located in the canton of Grisons (Graubünden), Switzerland. This pioneering project enables Axpo to gain valuable experience in alpine solar energy – a key step towards advancing this technology in demanding high-altitude environments.

International business 30.04.2025

Axpo ingår samarbete med Falu Energi & Vatten AB

Axpo har från och med den 1 feb 2025 ingått avtal om balansansvar, fysisk leverans och finansiell handel med Falu Energi & Vatten AB. Avtalet omfattar bolagets ca 300 GWh försäljning per år samt ca 70 GWh produktion per år.

International business 28.04.2025

Axpo and EDF Renewables sign a short-term PPA in Greece

Axpo and EDF Renewables Hellas have signed a short-term power purchase agreement (PPA) for the purchase of electricity from two EDF solar power plants in the Viotia region of Greece, it was announced today.

Wind power 23.04.2025

Axpo publishes white paper on wind energy

Switzerland has so far made limited use of its wind energy potential – even though wind power could contribute up to 10 terawatt hours of electricity annually. In a new white paper published today, Axpo explores how wind energy can become a crucial pillar of a secure and renewable electricity supply – particularly during the winter months. More than 60 per cent of potential wind production would occur in the coldest and most energy-intensive season. Wind energy should therefore form an integral part of Switzerland’s future energy mix.

Grids 26.03.2025

Start of construction of underground cabling from Langacher to Sins (Canton Zug)

To ensure the future energy supply, Axpo is increasing the operating voltage of its power lines in the Canton Zug from 50 to 110 kilovolts (kV). This will increase transmission capacities and reduce transmission losses. As part of this project, the existing line between the Langacher and Sins substations will be laid in the ground. Construction work will start at the end of March 2025.

Wind power 20.03.2025

Axpo in dialogue with local communities on potential wind farm at Dreibündenstein

Switzerland needs more renewable energy, particularly in winter. Axpo is therefore initiating preliminary assessments for a potential wind farm in the Dreibündenstein area, in the canton of Graubünden, it was announced today. To this end, Axpo engaged with the local population through two information events. The next steps include feasibility assessments and wind measurements, with a wind measurement mast set to be installed in the coming months.

Renewable energy 19.03.2025

KLL: Another substantial contribution to Switzerland’s electricity supply

At their Annual General Meeting, the shareholders of Kraftwerke Linth-Limmern AG (KLL) approved the report and annual accounts for the 2023/24 financial year. During the reporting period, KLL once again made a substantial contribution to Switzerland's electricity supply.

Renewable energy 19.03.2025

KSL: More electricity produced once again

At their Annual General Meeting, the shareholders of Kraftwerke Sarganserland AG (KSL) approved the annual financial statements and report for the 2023/24 financial year. Electricity production in the reporting year was significantly higher than the already strong previous year and also above the long-term average.

Company 12.03.2025

Axpo Holding AG purchases additional 4.6% stake in CKW AG

Axpo Holding AG has agreed to acquire 272,403 additional shares in its Swiss subsidiary CKW AG from Anna Holding AG, a holding company of Swiss entrepreneur and investor Martin Ebner, it was announced today. The transaction increases Axpo Holding AG’s stake in CKW AG to 85.6%.

International business 06.03.2025

Axpo signs its first long-term cPPA in Croatia

Axpo and Klimaoprema, a leading Croatian manufacturer of cleanroom systems, ventilation and air conditioning equipment, have signed a ten-year corporate power purchase agreement (cPPA), it was announced today. Under the deal, the entire energy needs of Klimaoprema’s production sites in Croatia will be met. The agreement strengthens Axpo’s position as a leader in long-term energy solutions in central and south-eastern Europe.

Renewable energy 20.02.2025

Axpo supports green hydrogen networking platform in Switzerland

Axpo is committed to actively promoting the hydrogen economy in Switzerland and Europe. In addition to its role as a producer of green hydrogen, the company announced today the launch of a new digital platform designed to bring together participants in the hydrogen market. The initiative will create an invaluable network for customers, producers and transport service providers, and make an important contribution to decarbonisation.

International business 18.02.2025

TIM enters Italy’s energy market with 100% renewable offer

The TIM Group, in collaboration with Axpo Italia, today announced the launch of TIM Energia, a new venture offering green electricity to meet the energy needs of Italy’s small and medium sized businesses.

Nuclear energy 17.02.2025

Axpo signs new fuel contracts for nuclear power plants

Axpo has signed new contracts for the Beznau and Leibstadt nuclear power plants for nuclear fuel. The fuel supply has been diversified, and Russian suppliers will no longer be used in the supply chain in the future.

International business 13.02.2025

Axpo and VW Kraftwerk GmbH deepen cooperation, sign 580 GWh guarantees of origin deals

Axpo and VW Kraftwerk GmbH (VWK) have intensified their cooperation with a new long-term delivery contract for Guarantees of Origin (GOs), which will enable the Volkswagen Group to convert its newly sold electric vehicles’ consumption to renewable energies on a balance sheet level. VWK will acquire guarantees of origin from Axpo with a total annual volume of around 580 gigawatt hours (GWh) from renewable energy projects in Sweden and Spain.

Solar energy 12.02.2025

Axpo and RWZ join forces to expand solar energy in Germany

Raiffeisen Waren-Zentrale Rhein-Main AG (RWZ) and Axpo have entered into a partnership for the development of solar parks in Germany, it was announced today. This collaboration offers new economic opportunities for farmers and advances the energy transition. The expansion of renewable energy is a central pillar of Axpo’s strategy, with Germany playing a key role as an important solar market.

Company 10.02.2025

Axpo extends EUR 7bn credit line to 2028

Axpo successfully extended its unsecured revolving committed credit facility totalling EUR 7.0 billion by one year to February 2028. The early extension is testimony to the financial markets' confidence in Axpo, ensures the continued diversification of the company’s financing structure and retains its financial flexibility to invest in the energy transition.

Renewable energy 09.02.2025

Pradapunt: Arosa voters give green light for new hydroelectric power plant

In a ballot held on 9 February 2025, Arosa voters approved the granting of water rights and the Plessur protection regulations in connection with the planned Pradapunt hydroelectric power plant with about 90 per cent of the votes in favour. This means that the ambitious project has reached an important milestone.

Solar energy 06.02.2025

Axpo launches pioneering alpine ‘NalpSolar’ project

Axpo has given the go-ahead to construction of the NalpSolar alpine solar plant in the Swiss canton of Graubünden, it was announced today. Work is planned to commence, weather permitting, this March. Located 2,000 metres above sea level, the pioneering project will generate important climate-friendly electricity, particularly during the winter months. NalpSolar is part of the federal government’s Solar Express initiative, while the expansion of renewable energy is a key pillar of Axpo’s strategy.

International business 22.01.2025

Axpo offtakes 60MW from three solar plants in Hungary

Axpo has signed its first electricity purchase agreements in Hungary, it was announced today. Together the deals cover approximately 60 megawatts (MW) of green energy under pay-as-produced power purchase agreements (PPAs). Ensuring market access for two green energy producers, the PPAs cover balancing risks and provide revenue certainty by hedging against spot price market volatility.

International business 21.01.2025

Axpo signs long-term PPA with Exilion in Finland

Axpo Nordic and Exilion Tuuli Ky, a Finnish renewable energy investor and producer, have signed a corporate power purchase agreement (PPA), it was announced today. The long-term deal covers the supply of 70 GWh a year of renewable electricity from a wind farm in northern Finland, which will be used to meet the energy needs of Colgate-Palmolive.

Limmern pumped-storage plant 20.01.2025

Linth-Limmern power plant: another substantial contribution to security of supply

The Board of Directors of Kraftwerke Linth-Limmern AG (KLL) has approved the report and accounts for the 2023/24 financial year for submission to the Annual General Meeting. During the reporting period, the KLL power plants once again made a substantial contribution to Switzerland's security of supply.

Renewable energy 20.01.2025

Axpo signs 10-year route-to-market agreement with British Solar Renewables

Axpo will buy all metered output from solar farm in Whaddon, Wiltshire owned and developed by British Solar Renewables (BSR). Facility is a co-located, utility-scale 16MWh battery energy storage system (BESS) alongside 25 MW of solar PV. BESS will be managed by Flexitricity, leveraging its unique trading arrangement with Axpo to provide full market access for optimisation services. Energy to be traded on wholesale markets. Battery to be optimised across wholesale markets, balancing services and the National Energy System Operator’s Balancing Mechanism.

Company 17.01.2025

Axpo AGM approves amendment to Articles of Association and elects new board director

At today's Annual General Meeting of Axpo Holding AG, shareholders approved all Board of Directors proposals. They also adopted an amendment to the Articles of Association proposed by the canton of Aargau that requires annual approval of Board of Directors and Executive Board remuneration by the AGM. This provision was part of a proposed new shareholders agreement set to come into force in 2025 but rejected last year by voters in Schaffhausen canton. The proposal - also submitted by the Canton of Aargau to create a profit reserve instead of distributing a special dividend was rejected. Martin Bäumle was elected to the Board of Directors as successor to Roger Wüthrich-Hasenböhler.

Company 01.01.2025

Happy New Year – with 30% lower electricity prices for CKW customers!

Die Axpo Tochter CKW gehörte 2024 in der Schweiz zu den Anbietern mit den günstigsten Strompreisen. Ab heute können wir die Strompreise für unsere Kundinnen und Kunden um weitere rund 30 Prozent senken. Die Axpo Gruppe wünscht ein frohes neues Jahr und freut sich darauf, auch 2025 ihren Beitrag zu einer nachhaltigen und sicheren Stromversorgung der Schweiz zu leisten.

Company 19.12.2024

Axpo invests in Swiss smart grid startup Hive Power to promote flexible energy consumption solutions

Together with lead investor Creadd Ventures, Axpo is participating in the funding round for Swiss startup Hive Power, which specialises in innovative solutions for intelligent power grids. This investment, made as part of Axpo's "Partnering & Investing" initiative, aims to strengthen the existing strategic partnership between Axpo and Hive Power. This step underscores Axpo's strategic objective of advancing innovation and supporting the energy transition.

International business 18.12.2024

Axpo expands biomethane activities in Italy

Axpo has agreed to purchase additional biomethane projects in Italy, it was announced today. Located in Sicily, the plants will each produce approximately 45 GWh of renewable energy a year and commence operations in the second half of 2026. Construction of the facilities will begin in early 2025. The announcement underlines Axpo’s commitment to biomethane production in the country following the company’s entry to the Italian market in September 2024.

International business 16.12.2024

Axpo marks 100 LNG cargoes to Europe

Axpo has achieved a new milestone in its liquefied natural gas (LNG) business with the delivery of 100 LNG cargoes to Europe in less than four years. LNG continues to be an important component of Axpo’s trading & sales business, providing security of supply to Axpo customers in Switzerland and internationally.

Renewable energy 13.12.2024

Axpo and partners launch further green hydrogen plant

A ground-breaking ceremony was held today by Axpo and its partner shareholders in the H2Uri company to mark the start of construction on a new green hydrogen production plant in Bürglen, central Switzerland. The facility will be Axpo's second such plant in the country. From 2026, green hydrogen from the 2 MW plant will fuel the first hydrogen passenger vessel on Lake Lucerne, as well as other applications.

Company 11.12.2024

Axpo Systems opens the first OT Security Operation Centre in Switzerland

Cyber attacks on industrial control systems and other operational technologies (OT) are on the rise and threaten critical infrastructures. With the newly opened OT Security Operation Centre, Axpo Systems is offering a specialised and reliable security solution for the first time in Switzerland to effectively protect energy suppliers and other system-relevant sectors.

Company 05.12.2024

Thomas Sieber to step down as Chairman of the Axpo Board of Directors in 2026

After 10 years at the helm of Axpo Thomas Sieber has informed the shareholder representatives that he will not be standing for re-election as Chairman of the Board of Directors at the 2026 Annual General Meeting. The decision allows the shareholders to start the succession process with sufficient lead time.

Company 05.12.2024

Axpo reports another successful financial year as strategy pays off

All divisions make good progress, with largest contribution to earnings once again from international customer and trading business. Adjusted EBIT of CHF 1,848 million, cash flow from operating activities CHF 1,466 million, net financial position increases to CHF 1,791 million while equity strengthens to CHF 13,151 million. Reliable supply of more than 40 per cent of electricity consumed in Switzerland; rapid expansion of renewable energies; status as international energy leader in customer and trading business further consolidated. Investments in long-term preservation of company value mitigate impact of expected ownership reversions and upcoming decommissioning of nuclear power plants. Board of Directors proposes CHF 241 million ordinary dividend plus additional special dividend of CHF 429 million.

Nuclear energy 05.12.2024

Axpo will operate the Beznau nuclear power plant until 2033, investing a further CHF 350 million while doing so

After a comprehensive review, Axpo decided on 4 December 2024 to secure the operation of the Beznau nuclear power plant until 2033 by investing CHF 350 million. This means that in 2033, Beznau will be able to look back on 64 years of reliable and low-carbon electricity production.

International business 02.12.2024

Axpo and Hydro sign long-term contract

Hydro Energi and Axpo Nordic have signed a ten-year contract to supply 2.63 terawatt hours (TWh) of electricity to Hydro. Under the long-term contract, from 2026 to 2035 Axpo will deliver electricity to Hydro in Swedish price area SE2.

International business 26.11.2024

Axpo and Stegra sign 2 TWh electricity deal

Axpo Nordic and Stegra have signed a power purchase agreement (PPA) for the supply of electricity to Stegra’s integrated green hydrogen, green iron and green steel production plant in Boden, Sweden, it was announced today.

Renewable energy 20.11.2024

Axpo awarded 163 MW in French green energy tender

Axpo’s solar and wind divisions have successfully secured a combined capacity of 163 megawatts (MW) in two recent public tenders organised by the French government, it was announced today. The results reinforce Axpo’s position as a leading international producer of renewable energies, making a significant contribution to the expansion of climate-friendly electricity generation in Europe.

Nuclear energy 28.10.2024

Beznau nuclear power plant: Unit 1 back on the grid

Unit 1 of the Beznau nuclear power plant is back on the grid after being offline for several weeks. The investigations into the feedwater tank have been completed.

Renewable energy 24.10.2024

Axpo and Borealis sign two PPAs for renewable electricity sourced and consumed in Belgium

Axpo and Borealis, one of the world’s leading providers of advanced and sustainable polyolefin solutions, signed two new long-term power purchase agreements (PPAs). Over the past four years, Axpo and Borealis have signed several long-term deals in Belgium as well as in Sweden and Finland. The two new PPAs will see Axpo deliver more than 900 GWh of wind power procured from Vleemo nv, a Flemish energy company specialising in sustainable wind power projects. The long-term agreements run until the end of 2030 and end of 2035, respectively, with delivery starting in 2026.

Renewable energy 23.10.2024

Pradapunt: Concession application for new hydroelectric power plant

The ‘Wasserkraft Plessur’ project consortium has submitted the concession application for the new Pradapunt hydroelectric power plant to the municipality of Arosa (GR). Axpo and consortium partners Arosa Energie and IBC Energie Wasser Chur plan to invest around CHF 80 million in the project, thereby reaffirming their commitment to the expansion of renewable energies in Switzerland. The new power plant could supply around 10,000 households with clean energy.

Axpo Poland 22.10.2024

Axpo enters Polish biogas market with acquisition of first asset

In its first investment in Poland, Axpo has acquired a plant in Western Pomerania which produces green energy mainly from agricultural waste, it was announced today. The company plans to develop further biogas projects in the country over the coming years, making Poland one of five European countries in which Axpo has entered the biogas market.

International business 09.10.2024

Axpo and Petrol sign first long-term PPA to deliver physical power in Slovenia

Axpo has signed a long-term corporate power purchase agreement (PPA) with Petrol, the largest energy company in Slovenia, it was announced today. The five-year deal is Axpo’s second PPA in Slovenia and the first in the country that will deliver physical power to one of Petrol’s end customers. Under the agreement, Axpo will supply electricity to Petrol, a major energy distributor and a leading energy market player in South Eastern Europe. The power will be used to support the company’s core activities.

International business 01.10.2024

Axpo signs services deal with Sollentuna Elhandel

Axpo has entered an agreement with Sollentuna Elhandel AB for the provision of specialist energy services commencing 1 October 2024, it was announced today. The agreement covers balance responsibility, physical supply and financial hedging for Sollentuna Elhandel's annual 220 GWh of electricity sales and 22 GWh of electricity generation.

Solar energy 23.09.2024

Axpo starts up largest rooftop solar plant in France

Axpo has commenced operations at the largest rooftop solar plant in France, it was announced today. Located in the northern town of Beauvais, the new installation is the latest demonstration of Axpo leveraging its considerable expertise to advance the expansion of renewable energies. In addition to strategic projects in the French solar sector, Axpo is active in other key markets such as Switzerland, Germany, Italy, Spain and Poland as the company continues to make significant contributions to the energy transition.

International business 20.09.2024

Axpo further diversifies financing with sustainability-linked Samurai loan

Axpo Holding AG has secured financing totalling JPY 42 billion (around CHF 250 million) through a so-called ‘Samurai loan’ with a syndicate of more than 20 banks in Japan and Samurai investors. The facility, which includes a sustainability component, diversifies the company’s financing structure and increases its financial flexibility.

Renewable energy 12.09.2024

Axpo enters biomethane market in Italy

Axpo has given the green light to its first biomethane project in Italy, it was announced today. Located in the southern region of Basilicata, the plant will produce approximately 45 GWh of renewable energy a year and is expected to start operations by the end of 2025. The plant will be constructed in the municipality of Grottole and mainly use agricultural waste from neighbouring farms to produce carbon-neutral green gas. This will then be fed into Italy’s national gas network.

International business 28.08.2024

Axpo offtakes 1.5 TWh of green energy annually from RWE in Poland

In one of the largest renewable energy offtake deals in Poland, Axpo bought all the electricity generated by RWE in the country. RWE’s wind farms and solar plants across Poland have a combined installed capacity of 628MW and produce approximately 1500 GWh of electricity annually.

Renewable energy 26.06.2024

Axpo fattar investeringsbeslut: Grön ljus för vindkraftpark i Vörå.

Den schweiziska energileverantören Axpo har fattat det slutliga investeringsbeslutet att påbörja byggandet av vindkraftsparken Lålax i Vörå kommun. Projektet är en viktig milstolpe i utbyggnaden av vindkraft i Finland och understryker Axpos engagemang i regionen.

Renewable energy 26.06.2024

Axpo gives investment green light for Vörå wind farm

Swiss energy supplier Axpo has made the final investment decision to commence construction of the Lålax wind farm in Finland’s Vörå municipality. An important milestone in the expansion of wind energy in Finland, the project underlines Axpo's commitment to the region.

Hydropower 25.06.2024

Gigerwald dam facility: Renovation work resumed

In September 2022, Axpo and Kraftwerke Sarganserland AG (KSL) interrupted the comprehensive refurbishment work on the Gigerwald dam facility in Calfeisen Valley and postponed it for two years. The reason behind this decision was the scarcity of electricity during the winter months of 2022/23. The refurbishment work is now back on track. This work is essential for the safe, long-term operation of the facility and the reservoir must be entirely emptied.

Hydropower 25.06.2024

Gigerwald dam facility: Renovation work resumed

In September 2022, Axpo and Kraftwerke Sarganserland AG (KSL) interrupted the comprehensive refurbishment work on the Gigerwald dam facility in Calfeisen Valley and postponed it for two years. The reason behind this decision was the scarcity of electricity during the winter months of 2022/23. The refurbishment work is now back on track. This work is essential for the safe, long-term operation of the facility and the reservoir must be entirely emptied.

Solar energy 18.06.2024

Axpo starts work on 20 MWp solar power plant in northern Italy

Axpo has taken a significant step towards expanding its solar energy initiatives in Italy by commencing construction on a 20 MWp ground-mounted solar power plant, it was announced today. Located at Manzano, in the Friuli Venezia Giulia region of northern Italy, the project ‘Parco Molini’ marks a key development in Axpo's renewable energy strategy across Europe.

Company 18.06.2024

Reserve power plant in Muttenz: CO2-neutral step by step

Company 29.05.2024

Axpo strategy continues to deliver results

In the first six months of the 2023/24 financial year (1 October 2023 to 31 March 2024), the Axpo Group further strengthened its position as an international energy leader by continuing to successfully implement its three-pillar corporate strategy. As Switzerland’s largest producer of electricity, Axpo made a significant contribution to a secure energy supply system, advancing the energy transition by building renewables while successfully growing its customer business with energy trading solutions.

International business 02.05.2024

Axpo and Ineos Oxide sign corporate PPA in Belgium

Axpo and Ineos Oxide, a leading chemicals manufacturer in Belgium, have signed a corporate power purchase agreement (PPA), it was announced today. The long-term deal covers 12 megawatts of renewable energy, making an important contribution to the green transition in the Antwerp port area.

Solar energy 30.04.2024

Axpo and Disneyland Paris commission Europe’s largest solar parking canopy

Following more than three years’ construction, Disneyland Paris and Axpo have equipped 11,200 parking spaces at the leading entertainment resort with solar panels, it was announced today. The solar parking canopy, currently the largest of its kind in Europe, will generate 36 GWh of green electricity a year. The project is of strategic significance for Axpo in its development of renewable energies.

Renewable energy 26.04.2024

Axpo and Rhiienergie open largest green hydrogen production plant in Switzerland

Axpo and electric utility Rhiienergie opened the first green hydrogen production plant in Switzerland’s Graubünden canton, it was announced today. The facility, the country’s largest, is located next to the Reichenau hydropower plant in Domat/Ems and can produce up to 350 tonnes of green hydrogen a year. The inclusion of hydrogen in the energy mix will play an increasingly important role in ensuring the future security of supply.

International business 09.04.2024

Axpo and ENEGO consider 100 MW green hydrogen production plant in Sicily

Axpo has signed a cooperation agreement with French energy investor ENEGO to study the feasibility of a 100 MW green hydrogen plant in Sicily, it was announced today. The project shall be located in the Priolo-Augusta industrial complex on the island’s east coast. Contributing to the creation of a so-called ‘hydrogen valley’ running between Catania and Siracusa, the new plant would help meet demand for green from industries in the surrounding area. For Axpo, this is a further step in its strategy of playing an active role in the development of the green hydrogen economy in Switzerland and Europe.

Grids 08.04.2024

Axpo acquires specialist software company LINIA

Axpo has acquired the Swiss software company LINIA, it was announced today. Completed on 1 April 2024, the deal marks Axpo’s further expansion into automated electricity grid inspection, giving it a unique full-service offering and access to new markets.

International business 03.04.2024

Axpo enters biomethane market in Portugal

Axpo has launched a biomethane project in Portugal that will use agricultural waste to produce more than 15 gigawatt hours of renewable energy a year. Axpo subsidiary Goldenergy, the country’s only energy provider to exclusively sell green electricity and gas, will purchase the plant’s entire production and inject it into Portugal’s natural gas network. The facility is due to commence operations in late 2025.

Company 28.03.2024

Strengthening security of supply: Axpo is giving a clear Yes to the new electricity law, assessing the potential of operating Beznau for longer, and is prepared to construct a reserve power plant

Switzerland needs more electricity to achieve its climate goals. In order for the expansion of renewable energies to become a reality, we need a clear Yes to the draft of the new electricity law on 9 June. To further strengthen security of supply, Axpo has decided to clarify the technical feasibility of operating the Beznau nuclear power plant beyond 60 years. Axpo has also responded to the federal government’s tender (which ends today) and submitted a project for a reserve power plant for emergencies.

Solar energy 13.03.2024

Axpo discontinues planned alpine solar project in Glarus Süd

Following extensive investigations, Axpo has decided to discontinue its planned solar project in Glarus Süd. The reasons behind this decision are natural hazards, limited environmental compatibility and low energy yield. Axpo and the municipality of Glarus Süd regret this decision. Axpo will continue to invest in sustainable forms of energy and drive its Alpine projects forward.

International business 08.03.2024

Axpo and Jabil extend energy partnership in Hungary

Axpo and Jabil, a leading global electronics manufacturer headquartered in the United States, have renewed their long-term partnership in Hungary with a renewable energy corporate power purchase agreement (cPPA), it was announced today. The seven-year deal covers Jabil’s entire energy consumption in Hungary at two locations, marking an important advance towards the company’s environmental, social and corporate governance (ESG) goals.

Renewable energy 07.03.2024

Axpo joins hydrogen transport project in France

Axpo is investing in a hydrogen production and distribution initiative to power the transportation sector in France’s Arve Valley, in Haute-Savoie, it was announced today. The “Arve Hydrogène Mobilité” project (Arv’Hy) will see hydrogen-powered vehicles filling up at an H2 service station from the first quarter of 2025. The project is supported by a number of partners, including Atawey, a pioneer in the development of H2 filling stations, and Jean Lain Mobilités, a major distributor of vehicles in the French Alps, including hydrogen-fuelled cars.

Company 05.03.2024

The electricity industry is in agreement: an electricity agreement with the European Union remains the main priority

The meeting of Switzerland’s largest energy producers and grid operators took place today on the subject of why the country needs an electricity agreement with the EU. Numerous key figures from politics, the electricity sector and the authorities discussed the importance of an electricity agreement for Switzerland. The tenor was clear: an electricity agreement with the EU would ensure greater security of supply, grid stability, legal certainty and opportunities for Switzerland to help shape the future.

Renewable energy 23.02.2024

Axpo and SGV plan hydrogen passenger vessel on Lake Lucerne

Axpo is participating in the H2Uri company in Bürglen, central Switzerland. The regionally produced hydrogen will be used to power a passenger vessel on nearby Lake Lucerne, operated by the Lake Lucerne Navigation Company (SGV) AG, it was announced today. In addition to Axpo and SGV, EWA-energieUri and AVIA Schätzle are also involved in the project.

Ad hoc announcement 21.02.2024

Axpo refinances credit lines with EUR 7.0 billion sustainability-linked facility

Axpo Holding AG has agreed an unsecured revolving committed credit facility totalling EUR 7.0 billion with an international syndicate of more than 30 banks. The facility, which includes a sustainability component, refinances two existing committed credit lines of EUR 3.0 billion each from 2022, diversifies the company’s financing structure, and increases its financial flexibility.

International business 20.02.2024

Axpo joins major green hydrogen project in Italy

Axpo is joining a large-scale green hydrogen project in the Abruzzo region of Italy, it was announced today. Using existing industrial facilities in Corfinio, Axpo is partnering with Infinite Green Energy (IGE), which initiated the project, to deliver up to 12 tonnes of hydrogen a day to help decarbonise customers’ operations in so-called ‘hard-to-abate’ industrial and transportation sectors. The project includes a 30MW electrolyser powered by a 45MWp solar plant, making it one of the largest hydrogen plants in Italy.

International business 15.02.2024

Borealis och Axpo tecknar två nya långsiktiga inköpsavtal för vindkraft

Borealis och Axpo tecknar två nya långsiktiga inköpsavtal för vindkraft

International business 12.02.2024

Axpo öppnar sin första storskaliga batterilagrings- anläggning i Sverige

Idrifttagandet av Axpos första storskaliga batterilagringsanläggning i Sverige, som tillkännagavs idag, är den senaste milstolpen i expansionen av Axpos batteriverksamhet. Anläggningen på 20 MW/20 MWh har anslutits till elnätet av det lokala energibolaget Landskrona Energi och följer flera andra projekt i Schweiz och Europa. Den nya anläggningen invigdes officiellt den 12 februari 2024 vid en ceremoni där representanter från politiken och näringslivet deltog.

Ad hoc announcement 19.01.2024

Axpo Holding AG General Meeting – Shareholders forego a dividend

At today’s General Meeting of Axpo Holding AG the shareholders approved all of the Board of Directors' proposals. The shareholders forego a dividend. Samuel Leupold (53), was elected as the successor to member of the Board of Directors Hanspeter Fässler (67). New Vice-President is long-standing member of the Board of Directors Stephan Kuhn (66).

Ad hoc announcement 19.12.2023

Axpo sells three wind farms in France

Axpo has agreed the sale of three wind farms in France with a combined capacity of 72 MW to an Article 9 fund advised by EB – Sustainable Investment Management GmbH (EB-SIM), it was announced today. The transaction sees Axpo continue to generate strong revenues from its extensive wind farm portfolio and development pipeline. Axpo will continue to provide technical and commercial management services for the portfolio following the sale.

Renewable energy 15.12.2023

Axpo battery storage in Poland will aid grid stability

Axpo has been active in the development, construction and commercial optimisation of large-scale battery solutions for several years. Following the expansion of these services to the Swedish market, Axpo is launching a dedicated battery business in Poland. The company plans to support stabilisation of the Polish power grid through storage facilities while also participating in the country’s capacity mechanism and trading on short-term markets.

Solar energy 14.12.2023

Axpo to focus on large-scale solar projects in Italy

Axpo is expanding its solar energy presence in Italy with the development of two new large-scale power plants in the north and south of the country, it was announced today. Leveraging the company’s solar expertise to further exploit its potential in Italy, a strategically important market, is part of the Axpo Group’s continuing commitment to a more sustainable energy supply.

Company 13.12.2023

Samuel Leupold nominated for the Board of Directors

The Board of Directors of Axpo Holding AG will propose to the General Meeting on 19 January 2024 that Samuel Leupold be elected as a replacement Board member. The 53-year-old Swiss energy expert would replace Hanspeter Fässler (67), who is stepping down.

International business 08.12.2023

Axpo, Egmont och Soltech Energy Solutions tecknar elköpsavtal för ny solcellsanläggning i Sverige

Byggnationen av en ny solcellspark i södra Sverige är resultatet av ett unikt samarbete mellan energibolaget Axpo, mediekoncernen Egmont och solenergibolaget Soltech Energy Solutions. Solcellsparken kommer att byggas av Soltech Energy Solutions och Axpo kommer att hantera projektets långsiktiga risker och leveransen av solel till elnätet. Solenergin kommer sedan att handlas genom ett energihandelsavtal (PPA) och den förnybara elen kommer att täcka hälften av Egmonts elförbrukning i Sverige och Norge.

Renewable energy 07.12.2023

Business growth prompts Axpo office move in Vaasa

Axpo is moving into new offices in the Espen shopping centre in Vaasa this December, it was announced today. The decision to relocate was made as expanding employee numbers exceeded the capacity of Axpo’s current accommodation.

International business 06.12.2023

Axpo and Messer sign PPA for solar power from Südwerk

Axpo and German industrial gas specialist Messer have concluded a long-term power purchase agreement (PPA), it was announced today. From 1 January 2024, Axpo will supply two Messer facilities in Germany with electricity produced by Südwerk solar plants based in Bavaria.

Ad hoc announcement 04.12.2023

Axpo posts exceptionally good results following a challenging financial year

Axpo can look back on a successful financial year. The strategy has paid off in a challenging environment. The company has become stronger and the outlook is positive.

Alpin Solar 23.11.2023

Axpo plans to construct an alpine solar plant in Glarus Süd

Following the full commissioning of Switzerland’s largest alpine solar plant to date in the municipality of Glarus Süd in August 2022, Axpo now plans to build a 10 MWp solar plant in the same region. The plant is intended to provide essential winter electricity and add value to the community. With this sixth alpine solar project, Axpo is consistently driving its solar initiative forward.

International business 21.11.2023

Axpo invests in Swedish home energy efficiency scale-up Eliq

Axpo is investing in Swedish home energy efficiency scale-up Eliq, it was announced today. Taking part in the financing round alongside lead investor Fortum and Inven Capital, this is the first direct start-up investment made through Axpo’s Partnering & Investing initiative. As Switzerland’s largest producer of renewable energy and an international leader in energy trading and the marketing of solar and wind power, the move underlines Axpo’s strategic ambition to drive innovation and support the growth of the group’s businesses. The investment also strengthens the existing strategic partnership between Axpo subsidiary CKW, a leading energy services provider in Central Switzerland, and Eliq.

International business 20.11.2023

Axpo extends energy supply and market access agreement with Valda Energy

Axpo and Valda Energy, a specialist energy supplier to UK small businesses, have announced a three-year extension to their existing Wholesale Energy Agreement.

Hydropower 14.11.2023

Hydrogen energy crucial to a climate-neutral future

Recognising the increasing importance of hydrogen to decarbonisation of the energy supply, Axpo has published a white paper on the role and potential of hydrogen in Switzerland . Axpo uses the latest data to demonstrate the economic viability and potential uses of hydrogen as an energy source. The paper also takes a critical look at the key challenges facing the hydrogen economy in Switzerland.

Solar energy 10.11.2023

Axpo is making plans for a second alpine solar plant in Ilanz/Glion

Following Axpo’s presentation in September 2023 of its plans to build a 15 MWp ground-mounted system in Ilanz/Glion in the canton of Graubünden, the company is now planning to build a second project in the community. This second ground-mounted system is expected to have an installed capacity of around 30 MWp. Axpo aims to generate a total of around 66 gigawatt hours of sustainable electricity in Ilanz/Glion with the two projects, corresponding to the electricity consumption of over 14,000 households.

Company 09.11.2023

Axpo launches ambitious training initiative to combat skills shortage

The rapid expansion of renewable energy is being hampered by the shortage of skilled workers. Axpo is responding with a range of targeted measures that will make the Group one of the largest training enterprises in Switzerland by 2030. New training opportunities in emerging fields, multi-stage programmes for different proficiency levels and a wider variety of apprenticeship pro-grammes are intended to make Axpo and the energy sector more attractive to young professionals.

Renewable energy 11.10.2023

Axpo bygger vindkraftspark på 25 MW i Finland

Axpo förvärvar projekträttigheterna för fyra vindkraftverk med en installerad effekt på 25 MW i Finland. Axpo utökar därmed sin vindkraftsverksamhet i Europa ytterligare och fortsätter att investera i utvecklingen av förnybara energikällor, vilket är en del av Axpos strategi.

Renewable energy 27.09.2023

Axpo and Sunnic Lighthouse sign second green PPA

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 today. 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.

International business 25.09.2023

Axpo and Pilkington Automotive sign long-term PPA for Finnish manufacturing sites

Axpo and Pilkington Automotive Finland Oy, part of the NSG Group, a leading global innovator in glass manufacturing, have signed a long-term wind energy power purchase agreement (PPA), the companies announced today. 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.

Renewable energy 21.09.2023

Axpo, Nobian and WIRCON sign long-term solar PPA in Netherlands

Axpo and leading industrial chemicals manufacturer Nobian have signed a long-term power purchase agreement (PPA) in the Netherlands, the companies announced today. 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.

Renewable energy 12.09.2023

Axpo plans another alpine solar plant in Ilanz/Glion

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 energy production can be combined.

Company 04.09.2023

Axpo announces issue of CHF 300 million bond

On 4 September 2023, Axpo Holding AG successfully placed a bond on the market in the amount of CHF 300 million.

International business 04.09.2023

Axpo and Kolektor sign first financial PPA in Slovenia

Axpo has secured its latest long-term corporate power purchase agreement (PPA) for renewable energy in south-eastern Europe, it was announced today. The ground-breaking deal, the first ever financial corporate PPA in Slovenia, was concluded with the Kolektor group, a global supplier of specialised industrial products, headquartered in Slovenia.

Solar energy 01.09.2023

Axpo joins forces with EWS to build the first alpine solar plant in the canton of Schwyz

Axpo is planning to construct a 9 MWp ground-mounted plant in the canton of Schwyz together with the local energy company EWZ AG. The first alpine plant in the canton will make an important contribution to the winter power supply in the region in the future. Following on from NalpSolar and the solar plant in the Disentis ski resort, the plant in the canton of Schwyz will be the third large-scale solar installation to be implemented by Axpo as part of its solar offensive.

Renewable energy 30.08.2023

Axpo boosts wind power activities in Switzerland and joins Suisse Eole

Axpo is expanding its activities in the area of wind power, with a focused commitment on 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 industry association Suisse Eole.

International business 09.08.2023

Axpo commissions small-scale LNG vessel

Axpo has signed a ten-year deal to charter an LNG bunkering vessel, the company announced today. The ship is expected to begin operations in 2025 and will make an important contribution to the maritime industry’s green energy transition. The project will be implemented in Italy and will see – for the first time in Europe – the deployment of an innovative and sustainable technology for continuous ship-to-truck operations.

Ad hoc announcement 30.06.2023

Chief Financial Officer Joris Gröflin to leave Axpo

Axpo CFO and Executive Board member Joris Gröflin, 46, will step down from his roles by the end of January 2024 at the latest, it was announced today. The search for a successor will begin immediately.

Grids 23.06.2023

Swiss solution: Axpo sells minority stake in Axpo Volt Beteiligung AG to the BVK pension fund

Axpo Holding AG (Axpo) has completed the sale of a 49.9% minority stake in its Axpo Volt Beteiligung AG subsidiary, through which Axpo holds 31.37% of Swissgrid. The buyer and new minority shareholder is BVK, the biggest pension fund in Switzerland. Axpo maintains a 50.1% majority stake in Axpo Volt Beteiligung AG, thus retaining full control of its Swissgrid participation in the long term.

Company 12.06.2023

Axpo achieves exceptional half-year results

In the first six months of financial year 2022/23, the Axpo Group successfully implemented its strategy in what continued to be a challenging environment. A solid operational performance led to positive earnings contributions from all areas of the business, with international trading once again delivering excellent results. The anticipated financial benefits of market stabilisation saw a strongly positive impact on results from shifts in earnings. Funds used to hedge electricity production flowed back to the company, the balance sheet total shrank substantially, and net debt was reduced significantly. This resulted in an adjusted EBIT of CHF 2,242 million (previous year: CHF 1,303 million) and profits of CHF 3,214 million (previous year: CHF 513 million). With 14.2 terawatt hours (TWh), Axpo made the largest contribution to Switzerland’s electricity supply during the reporting period, accounting for approximately 40% of the country’s electricity consumption.

Solar energy 06.06.2023

Axpo starts its solar activities in Spain with a 200 MWp plant

Axpo begins construction of the first solar plant in Spain in September 2023. The plant, with an installed capacity of 200 megawatts, is part of Axpo's ambi-tion to develop ten gigawatts of additional capacity by 2030. As Switzerland's largest producer of renewable energies, Axpo is thus making a substantial contribution to the expansion of climate-friendly electricity production in Eu-rope.

International business 23.05.2023

Axpo Deutschland and Siltronic sign fixed-price PPA

Axpo Deutschland and leading silicon wafer manufacturer Siltronic have signed a long-term power purchase agreement (PPA), Axpo announced today. The PPA will see Axpo provide solar power to Siltronic’s operations at Burghausen in Bavaria and Freiberg in Saxony at a fixed price and based on a fixed schedule, which will enable a predictable and reliable power supply.

International business 16.05.2023

Axpo receives top prize for best power dealer

Axpo has been voted number one ‘Overall Power Dealer’ by market players and customers in the 2023 Energy Risk Commodity Rankings. The prestigious award is both an acknowledgement and endorsement of Axpo’s position as a leading global power trader. Axpo was also ranked second for best overall energy dealer and natural gas dealer, and rated one of the top dealers in several European markets, including Italy, Germany, the UK, France, Northern Europe and Belgium.

International business 15.05.2023

Axpo ska utveckla en av Sveriges största batterilager­anläggningar

I dag meddelade Axpo att de kommer att utveckla en av landets största batterilageranläggningar i svenska Filipstad. Axpo har förvärvat projektet från projektutvecklingsföretaget SENS (Sustainable Energy Solutions Sweden). Batterilagret ska utformas för att tillhandahålla kringtjänster för att hjälpa till att balansera elnätet. Anläggningen kommer troligtvis att börja byggas i början av 2024.

Solar energy 05.05.2023

Axpo to build 10-MW solar plant in Disentis ski area

Axpo is planning 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.

Energiemarkt 17.04.2023

Joint gas purchasing: hope for the EU - but without Switzerland?

The European Commission has been pursuing the concept of joint natural gas purchasing at the EU level for some time: It assumes that the bundled purchasing power will lead to better prices for industry, electricity producers and households through an improved negotiating position. The legal basis for the EU Energy Platform entered into force at the end of 2022. The first demand aggregation is scheduled to start at the end of April 2023; the first delivery date would be July 2023. Swiss companies can participate in the platform - but only as sellers.

International business 13.04.2023

Axpo and Borealis sign their second long-term PPA within six months

Axpo and Borealis, one of the world’s leading 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.

International business 12.04.2023

Axpo Polska provides route to market for CPPA between Nestlé Polska and GoldenPeaks Capital

Axpo Polska has created a unique balancing service agreement for a CPPA between Nestlé Polska and GoldenPeaks Capital. Under the corporate power purchase agreement, photovoltaic farm operator GoldenPeaks Capital supplies around 44 GWh a year of green energy to seven Nestlé factories in Poland, helping the manufacturer achieve net zero emissions by 2050.

International business 04.04.2023

Renewable Energy Industry: Axpo Bulgaria’s CEO Designated Business Woman of the Year

The Managing Director of Axpo Bulgaria, Milena Videnova, has been named the winner of the 2023 business woman of the year in the category of "Renewable Energy Industry". The prestigious prize is awarded by the European CEO magazine and the winner is selected among C-suites executives from all 27 EU countries.

Company 28.03.2023

General Meeting of Axpo Holding AG: shareholders approve all motions and confirm confidence in Axpo management

At the 22nd ordinary General Meeting of Axpo Holding AG on 27 March 2023, shareholders approved all motions. They formally acknowledged the management audit report, which they had commissioned and which returned positive results, and expressed their confidence in the Board of Directors and management. Katja Pluto was elected to the Board of Directors to replace Dorothée Deuring. The members of the Board of Directors standing for re-election were confirmed in office for 2023 to 2025. There was no dividend payment.

Renewable energy 20.03.2023

Axpo lanserar vindkraftsverksamhet i Finland

Axpo lanserar ny vindkraftsverksamhet i Finland för att utveckla, bygga och driva vindkraftsparker i landet. Ett nytt kontor har öppnats i Vasa för detta ändamål. Teamet kommer att ha ett nära samarbete med det övriga Axpo-teamet i Helsingfors.

International business 10.03.2023

Axpo bygger batterilagring i Sverige

Axpo fortsätter att expandera sin batterikapacitet och kommer att bygga en 20MW/20MWh batterilagringsanläggning i Sverige för att leverera tjänster till nätet år 2024. Igår förvärvade Axpo projektet från utvecklarna RES, ett globalt företag inom förnybar energi, och Scandinavian Capacity Reserve (SCR). Det litium-jon baserade batterilagret kommer att byggas i Landskrona och kopplas på nätet av det lokala energibolaget Landskrona Energi.

International business 09.02.2023

Axpo i samarbete med Fyrfasen Energi & Härjeåns Kraft

Axpo Sverige AB har från 1 nov 2022, avtal om balansansvar, fysisk leverans och finansiella säkringar med Fyrfasen Energi och Härjeånskoncernen avseende deras ca 900 GWh elförsäljning/år och 200 GWh elproduktion/år.

International business 27.01.2023

Axpo sells its 5% stake in TAP to Fluxys and Enagás

Axpo has agreed the sale of its 5% stake in the Trans Adriatic Pipeline AG (TAP) to TAP shareholders Fluxys and Enagás S.A, it was announced today. Under the sale and purchase agreement, Belgium’s Fluxys will acquire 1% and Spain’s Enagás 4% of Axpo’s 5% equity stake. Both companies will thus reach 20% ownership of TAP, which includes UK shareholder bp (20%), Azerbaijan’s SOCAR (20%), and Italy’s Snam (20%).

Renewable energy 24.01.2023

Reichenau hydropower plant to produce hydrogen

Axpo and Rhiienergie are building a hydrogen production facility at the Reichenau hydropower plant in Domat/Ems. The plant is scheduled to go into operation in the fall of 2023 and will produce about 350 tonnes of green hydrogen annually. With the project, Axpo and Rhiienergie are making an important contribution to decarbonisation in Switzerland.

Company 19.12.2022

Axpo launches its first Negotiable European Commercial Paper programme of EUR 500 million

Axpo has further strengthened and diversified its financing sources by launching the company’s first Negotiable European Commercial Paper (NEU CP) programme, amounting to EUR 500 million, through its subsidiary Axpo International SA.

Company 15.12.2022

Assisting with security of supply over winter: Axpo provides services for the Birr reserve power plant

Axpo is supporting the possible use of the Swiss federal government's temporary reserve power plant in Birr by providing services relating to fuel procurement, processing power plant requests and ensuring electricity delivery. In doing so, Axpo is making a further important contribution to security of supply in Switzerland during the critical winter months.

Company 08.12.2022

A year marked by unprecedented turmoil on energy markets

Fiscal year 2021/22 was marked by unprecedented turmoil, which is reflected in Axpo Group’s results. Thanks to its strategy of diversification across fields of business and geographical markets and its focus on liquidity management, Axpo was able to weather this ‘perfect storm’. It remained fully self-financing and did not need to draw down on the credit line it had requested from the federal government as a precautionary measure. Axpo’s medium-term outlook is still positive and has in fact been improved by rising electricity prices.

Company 06.12.2022

Experts confirm Axpos effective risk management

The last 12 months have been dominated by a European energy crisis of historic proportions which has presented major challenges for the population, business and the energy sector. The Axpo Board of Directors commissioned PricewaterhouseCoopers (PwC) to conduct an assessment that would allow external evaluation of its risk management as a whole, and in particular the processes that led to its precautionary application to the federal government for a credit facility. The PwC experts came to the conclusion that Axpo handled market risks appropriately and in accordance with industry standards over the last year, that the high requirement for liquidity in the wake of record prices was primarily a consequence of hedging Switzerland’s electricity supply, and that this was greatly reduced by the international customer and trading business.

Solar energy 22.11.2022

Axpo expanding solar ambitions six-fold in Switzerland and building the next alpine solar plant

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. The solar offensive will make a valuable contribution to sustainable, reliable power supply, particularly during the winter months. One important reason for expanding ambitions is the temporary simplification of the political framework conditions for alpine installations.

Solar energy 15.11.2022

Europe's first solar installation in satellite dish

Axpo subsidiary CKW and Leuk TDC are breaking new ground in photovoltaics with satellite dishes converted into solar systems. At 1,000 metres above sea level, Leuk TDC is largely self-sufficient thanks to the satellite dishes and addi-tional solar panels on the roof of its data centre. Such innovative large-scale solar projects are an important step towards the transformation of Switzer-land's energy supply.

Grids 14.11.2022

Voltage increase improves power supply between Bülach and Schaffhausen

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 neighbouring areas in the canton of Zurich. The work, which was successfully completed this autumn, will increase the performance and reliability of the electricity supply in the entire region.

Renewable energy 07.11.2022

Axpo spins off ‘emost’ battery solution

Following four years of technology development, Axpo is selling its battery storage solution emost (‘electric mobile storage’). Winner of the prestigious IDEE SUISSE prize for innovation, emost delivers flexible and environmentally friendly power supply on construction sites, at events, in emergencies or as a replacement for diesel generators. The Axpo spin-off has been transferred to a new group of investors, led by former Axpo employees, for the commercialisation phase at the end of October 2022.

Company 24.10.2022

Axpo increases unsecured committed syndicated credit lines with banks to EUR 6.0 billion

Axpo has increased an existing unsecured, committed credit line with an international bank consortium from EUR 2.3 billion to EUR 3.0 billion. This brings Axpo's total unsecured, committed, syndicated credit lines with banks to EUR 6.0 billion.

International business 12.10.2022

Borealis and Axpo Nordic sign wind PPA to supply Borealis operations in Sweden with renewable electricity

Borealis, one of the world’s leading 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.

Ad hoc announcement 11.10.2022

Axpo increases syndicated unsecured credit facilities to EUR 5.3 billion

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.

International business 11.10.2022

Axpo sells La Peñuca wind farm in Spain to Cubico

Axpo has agreed the sale of its 46% share in the 33 MW La Peñuca wind farm in Spain to Cubico Sustainable Investments (Cubico), one of the world’s largest privately-owned renewable energy companies, it was announced today.

Company 30.09.2022

Axpo welcomes Swiss parliaments decisions to strengthen security of supply

In the autumn session, the National Council and the Council of States took important steps to strengthen the security of supply. In the medium term, the expansion of renewables in Switzerland will be accelerated, and in the short term, possible liquidity bottlenecks caused by the unprecedented distortions on the energy markets will be cushioned in an emergency. For producers and investors such as Axpo, this commitment by parliament is important because it creates greater legal certainty. Axpo is closely examining various projects. Time is pressing, as Switzerland will be short of around 50 terawatt hours of electricity by 2050.

Renewable energy 16.09.2022

Axpo completes sale of 65.5 MW wind farm portfolio in France to Greencoat Renewables

Axpo has successfully completed the sale of four wind farms in France to Greencoat Renewables plc (“Greencoat Renewables”), the listed investor in renewable energy projects advised by Greencoat Capital, announced earlier this year. The transaction price was a high double-digit million Euro amount.

Renewable energy 12.09.2022

Axpo Group strengthens its wind and solar business

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. He has also been appointed the CEO of Axpo's subsidiary Urbasolar.

Ad hoc announcement 06.09.2022

Swiss government grants Axpo a subordinated credit line of up to CHF 4 billion

With unprecedented turmoil on European energy markets and future developments remaining unpredictable, the Swiss government at the request of Axpo, has grant-ed the company a subordinated, unsecured credit line of up to CHF 4 billion. So far, Axpo has not used any of these funds. With this measure, Axpo is making further provisions to continue to deliver its contribution to the security of supply in Switzer-land, even if the worldwide energy crisis escalates further.

Alpin Solar 01.09.2022

Switzerlands largest alpine solar plant now in full operation

AlpinSolar, the largest alpine solar plant in Switzerland, is now fully operational. During the winter months, the plant, 2,500 metres above sea level, will produce about three times more power than a comparable facility in the Swiss midlands, benefitting from reflections off the snow and its location above the fog. AlpinSolar will make an important contribution to the energy transition and supply solar power to counteract the winter power gap. The pioneering plant was realised through a cooperation between Axpo, IWB and Denner.

Nuclear energy 23.08.2022

Beznau nuclear power plant: Unit 2 back on the grid after refueling

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

Ad hoc announcement 18.08.2022

Axpo issues sustainability-linked bond in the amount of CHF 500 million

On 18 August 2022, Axpo Holding AG successfully placed a sustainability-linked bond on the Swiss market in the amount of CHF 500 million.

Hydropower 05.07.2022

Axpo to supply Swiss Steel Group with Swiss hydropower electricity

Axpo, the largest hydropower plant operator in Switzerland and leading pan-European marketer of electricity from renewable energies, has concluded a three-year power supply contract with Steeltec, the Swiss Steel Group’s plant in Switzerland, it was announced today. Steeltec will now rely on electricity from Swiss hydropower to produce its specialist steels. The deal further highlights the role of Axpo’s innovative energy solutions in the decarbonisation of Swiss industry.

Company 29.06.2022

Axpo sells minority share in Repower

Axpo today announced the disposal with immediate effect of its 12.69% share in Repower AG to current anchor shareholders EKZ, UBS Clean Energy Infrastructure Switzerland and the Canton Grisons. The sale is consistent with Axpo's strategy of focussing on renewable energy growth initiatives in Switzerland and abroad.

Renewable energy 28.06.2022

Axpo to develop wind farms with 250 MW capacity in Romania

In the latest expansion of its wind energy activities, Axpo announced today 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 in Switzerland, where it is the largest producer of renewable energies.

Hydropower 24.06.2022

Hydrogen production facility at the Wildegg-Brugg hydropower plant forging ahead

Axpo is planning a hydrogen production facility at the Wildegg-Brugg hydropower plant, which is expected to produce green hydrogen from domestic hydropower by the spring of 2024. Some of this climate-friendly hydrogen will be delivered directly to the nearby Voegtlin-Meyer filling station via a pipeline, and contribute to decarbonisation in the mobility sector. The building permit application for the project was submitted today.

Company 13.06.2022

Axpo defies energy market turmoil to post good half-year results

Axpo has proven to be robust against a backdrop of unprecedented turmoil on energy markets. In the first half of fiscal 2021/22, the company posted adjusted EBIT of CHF 1,094 million (prior year: CHF 515 million) and a result for the period of CHF 513 million (prior year: CHF 781 million). The extremely sharp rise in energy prices placed was also challenging from a liquidity management perspective. Collateral payments for hedging Swiss electricity production have temporarily tied up a large amount of cash, but Axpo was able to cover this shortfall thanks to forward-looking liquidity management and good access to the capital market. Axpo’s continued expansion in renewables and status as leader in marketing electricity production capacity and in energy trading make it a significant contributor to decarbonisation and energy supply security.

Renewable energy 24.05.2022

Axpo sells 65.5 MW wind farm portfolio in France to Greencoat Renewables

Axpo has agreed the sale of four wind farms in France to Greencoat Renewables plc (“Greencoat Renewables”), the listed investor in renewable energy projects advised by Greencoat Capital, it was announced today. With this transaction, Axpo and its subsidiary Volkswind continue to deliver strong revenues from their extensive wind farm portfolio and development pipeline in France.

Company 11.05.2022

Axpo issues EUR 600 million sustainability-linked Schuldschein loan

Axpo has successfully issued its first sustainability-linked Schuldschein loan in the amount of EUR 600 million. The transaction - initially launched at EUR 150 million - was significantly oversubscribed due to strong demand from interna-tional banks.

International business 05.05.2022

Axpo signs PPAs with Mirova and Uriel for two new wind farms in Poland

Axpo has further strengthened its position in the Polish energy market by signings two power purchase agreements (PPAs) for new wind farm projects with Mirova Eolska and Uriel Renovables, it was announced today. The installations, currently under construction in Western Pomerania and Pomeranian Voivodeship, will have a combined installed capacity of around 165 MW.

Company 04.05.2022

‘Yes’ to internationally coordinated safety net, ‘no’ to disproportionate and arbitrary ‘rescue umbrella’

The Federal Council wants to place the electricity sector under a so-called ‘rescue umbrella’. The aim is to protect against systemic risks to the security of electricity supply caused by the current situation in Europe. While the goal is sensible, Axpo rejects the legislative proposal as disproportionate, arbitrary and likely unconstitutional. Instead of this contractual obligation, Axpo advocates a streamlined solution accessible to all companies.

Nuclear energy 29.04.2022

KKB starts annual inspection in Unit 1

Unit 1 of the Beznau nuclear power plant (KKB) will be taken off the grid today for about 8 weeks as planned. The plant is thus starting its maintenance shutdown after a trouble-free 340-day operating cycle.

Renewable energy 28.04.2022

Axpo launches investment programme for renewables in Switzerland

As Switzerland’s largest producer of renewable energies, Axpo plays a vital role the Swiss energy transition. As announced today, Axpo intends to increase its contribution in this area, and, with its subsidiary CKW, realise power plant projects in the range of CHF 1 billion by the year 2030. With this undertaking, the company will support domestic power production and promote the development of valuable winter power. However, much more would be possible with the right framework conditions.

Renewable energy 25.04.2022

Axpo powers up first stage of Disneyland Paris solar park

Axpo is currently constructing a solar canopy at Disneyland Paris through its subsidiary Urbasolar as a co-investor in the project. The first stage began operating today and will generate 10 GWh of electricity a year. When fully operational in 2023, the facility will be one of the largest solar parks in Europe, generating 36 GWh of electricity annually.

Renewable energy 11.04.2022

Solar PPA with ENERPARC: Axpo Deutschland to market electricity from PV plant in Büttel

Axpo has signed a long-term power purchase agreement (PPA) with Hamburg-based solar specialist ENERPARC AG as the company continues to expand its solar PPA business in Germany, it was announced today. Under the ten-year agreement, Axpo will buy and market power from a new solar park in Büttel, Schleswig-Holstein, from 2023. The solar park has an on-site battery and provides base load energy.

International business 08.04.2022

Axpo Nordic and Low Carbon sign balancing PPA for Mörknässkogen wind farm

Axpo is further strengthening its business with long-term power purchase agreements (PPA) in Finland: The company’s subsidiary for the Nordic energy markets has entered a route-to-market and balancing PPA for the Mörknässkogen wind farm currently under construction by Low Carbon, a privately-owned UK investment and asset management company.

Renewable energy 30.03.2022

Axpo Italia signs two long-term PPAs with Canadian Solar

Two long-term power purchase agreements (PPAs) for renewable energies have been signed by Axpo Italia, it was announced today, as the company continues its drive to take a leading position in PPAs on the Italian energy market. The ten-year deal with project developer Canadian Solar will see Axpo market green electricity from two solar plants currently under construction in Latium, on the Italian mainland, and Sicily.

International business 21.02.2022

Axpo Deutschland signs PPA with Obton A/S for Klatzow solar park

Axpo has signed a Power Purchase Agreement (PPA) with the Danish company Obton A/S, a leading 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 17.02.2022

Axpo approves the federal government's plans to hedge against power shortages

Axpo welcomes in principle today’s Federal Council proposals for a hydropower reserve and reserve power plants. These measures support the goal of strengthening security of supply in Switzerland. But legal amendments are necessary so that Switzerland can successfully achieve the energy transition and guarantee long-term electricity security of supply.

Solar energy 17.02.2022

Solar growth in Spain, Italy and Poland

Axpo is continuing to expand its solar energy activities with the development of new plants in Spain, Italy and Poland totalling 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.

International business 15.02.2022

Axpo Polska signs 9 year off take agreement for GIGs Scieki wind farm

Power Purchase Agreement (PPA) between Macquarie’s Green Investment Group (GIG) and Air Products has been facilitated by Axpo Polska through a nine-year route-to-market and balancing services agreement for the Ścieki wind farm. Thus, Axpo further strengthened its position in the Polish energy market.

Hydropower 09.02.2022

Axpo signs PPA with Nestlé Switzerland for Mauvoisin hydropower plant

Axpo, Switzerland’s largest producer of renewable energies and Europe's leading provider of power purchase agreements (PPAs), and Nestlé Switzerland are team-ing up in their Swiss home market. For a period of 5 years, Axpo will supply Nestlé in Switzerland with green electricity from its Mauvoisin hydropower plant in the canton of Valais. Thereby, Axpo demonstrates its ability to play a key role in im-plementing complex physical PPA structures for industrial companies in the Swiss market.

Hydropower 07.02.2022

Axpo puts hydropower plant into operation deep in the Grisons mountains

The 2.5-megawatt Curnera hydropower plant of Kraftwerke Vorderrhein AG (KVR) is located 250 metres inside the mountains and utilises the height difference of an existing water transfer system. The power plant produces clean electricity for the equivalent of 2,200 average four-person households.

Company 07.02.2022

Axpo secures EUR 2.5 billion revolving credit facility linked to sustainability targets

Axpo Holding AG has signed a EUR 2.5 billion unsecured revolving credit facility (RCF) with a global syndicate of 22 banks, it was announced today. The sustainabil-ity-linked facility will enable Axpo to refinance the existing CHF 550 million commit-ted credit line from 2020, diversify its financing structure, and enhance its financial flexibility.

Company 04.02.2022

Axpo rebrands for a new energy future

Axpo today revealed a new look and feel for its brand identity, designed to express its strategic focus as a major national and international energy player in an indus-try undergoing fundamental change. For Axpo, Switzerland’s largest producer of renewable energy, an international energy trader and leader in the marketing of solar and wind power, the refreshed brand identity also reflects a readiness for tomorrow’s challenges.

Wind power 03.02.2022

Axpo signs wind farm PPA with Umicore in Belgium

Axpo has further strengthened its position as a leading marketer of renewable energies in Belgium: The company’s subsidiary for the Belgian market has signed an agreement for the supply of the power generated by a wind farm to Umicore, a global materials technology and recycling group. The power purchase agreement (PPA) will help cover part of the electricity demand from Umicore’s Belgian sites and help the company achieve its objective to be carbon neutral by 2035.

Renewable energy 01.02.2022

Axpo Iberia: Biomethane from livestock manure

Pioneering work in Catalonia: Axpo's Spanish subsidiary and the family-owned Torre Santamaría dairy cattle farm have inaugurated the first biogas plant in Spain to convert all the organic waste from a livestock operation into 100% renewable biogas and electricity. Under a long-term contract, Axpo Iberia will feed the produced bio-methane into the local gas grid. The cooperation between Axpo and the dairy business is a model for other facilities wishing to convert solid and liquid manure into energy, and contribute to reducing the environmental impact of the livestock sector.

Hydropower 31.01.2022

Tasnan power plant: flushing concept proven effective | Axpo

Due to normal sediment deposits, certain areas of the small Tasnan hydropower plant need to be flushed at regular intervals. Since the plant was commissioned in 2014, the flushing concept has been subject to a five-year test phase. The assessment of this shows that flushing has no negative impact on the environment and can continue.

Wind power 31.01.2022

Axpo supplies Nestlé with electricity from German wind farms

Axpo saw in the new year by reinforcing its role as a leading provider of long-term power purchase agreements (PPAs) for renewable energies in Europe. Since 1 January 2022, the company’s German subsidiary has been supplying Nestlé Germany with electricity from wind power plants. This ensures that non-subsidised wind farms stay on grid and the world’s largest food group can produce its food and beverage products in Germany in a climate-friendly way.

Ad hoc announcement 25.01.2022

Axpo places sustainability-linked bond in the amount of CHF 500 million

On 25 January 2022, Axpo Holding AG successfully placed a sustainability-linked bond on the mar-ket in the amount of CHF 500 million.

International business 19.01.2022

Axpo signs a PPA with R.Power Group for nearly 300 MWp of solar power in Poland

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.

Ad hoc announcement 14.01.2022

Axpo Holding AG General Meeting: proposed dividend approved

The 21st ordinary General Meeting of Axpo Holding AG on 14 January 2021 approved the annual report and the annual financial statements for 2020/21. The proposed dividend of 80 million Swiss francs was also approved.