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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.
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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.
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Axpo increases earnings before interest and tax, profitable international business
The Axpo Group achieved a gratifying result in the first half of the 2018/19 financial year. The good operating performance in the reporting period (1 October 2018 to 31 March 2019) was primarily attributable to higher electricity production, international activities and ongoing cost discipline. The planned takeover of French photovoltaic company Urbasolar means that Axpo is strengthening its exposure to renewable energies and will be obtaining a platform for further growth in the international solar business.
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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.
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Felix Graf to leave the Axpo Group
Felix Graf (50), Axpo Executive Board member and the CEO of the Axpo subsidiary CKW, will step down from his position on 31 May 2018. He has been appointed as the new CEO of the NZZ Media Group.
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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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Axpo posts half-year profit of CHF 350 million and raises revenues from renewable energies
The Axpo Group posted a profit of CHF 350 million for the first half of 2015/16, an encouraging result in the current difficult market environment in Switzerland and Europe. Although the company is continuing to battle with low wholesale prices in Europe, there are also grounds for optimism. The transformation of the Axpo Group is progressing well, and the expansion of renewable energies and the European trading business is already making a substantial contribution to the Group's results. The Axpo subsidiary Centralschweizerische Kraftwerke AG (CKW) is also doing well.
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Green electricity for fuel supply chains
Axpo Iberia signs long-term PPA with leading petroleum supplier CLH Group
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Axpo Chief Financial Officer Martin Schwab appointed as new CEO of Axpo subsidiary CKW
Martin Schwab, the CFO of Axpo Holding AG, will take over operative management of Centralschweizerische Kraftwerke AG (CKW) on 3 April 2018. Schwab (51) succeeds Felix Graf, who – as previously communicated – will become the CEO of the NZZ Media Group. Martin Schwab, who has been the Chief Financial Officer of Axpo Holding AG since 2011, developed and optimised Axpo's financial structure and successfully managed various strategic projects.
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Strategy taking effect: operating performance continues to improve, profitability strengthened
The Axpo Group achieved a solid half-year result in operational terms, increasing its operating cash flow by CHF 95 million year on year. Although operating profit (EBIT) was down by CHF 146 million at CHF 259 million, it must be borne in mind that, in the previous year, Axpo received a non-recurring compensation payment from Swissgrid for taking over the extra-high-voltage grid. Adjusting for this exceptional factor reveals that Axpo succeeded in keeping its operating result at the previous year’s level despite lower revenues from electricity sales. The Group’s rigorous implementation of a strategy geared towards strengthening cash flow and increasing value is paying off. The recommissioning of block 1 at the Beznau nuclear power plant in March 2018 is also helping to strengthen Axpo’s profitability.
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Axpo Polska signs PPA with Energix Group for two wind farms in Poland
Axpo is expanding cooperation with one of its long-standing customers in Poland. The company’s Warsaw-headquartered subsidiary has signed two power purchase agreements (PPAs) with Energix Group, one of Israel’s largest renewable energy companies. Under the agreement, Axpo Polska will buy the full output generated by two new Polish wind farms owned by Energix.
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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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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.
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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%.
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CEO Andrew Walo to leave Axpo – succession process initiated
Andrew Walo (56), who has been the Chief Executive Officer of Axpo Holding AG since 2014, has decided to leave Axpo by the end of the year at the latest in order to pursue new plans. The Board of Directors has initiated the succession process.
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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.
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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.
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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.
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Axpo and the German investment firm Aquila Capital ink long-term PPA for two wind farms in Sweden
Axpo is further expanding its business in the field of long-term power purchase agreements (PPA) for renewable energies in the Nordic region: The company’s subsidiary Axpo Nordic AS has agreed to buy the full output generated by the 68,4 MW Nylandsbergen wind farm and the 64,8 MW Högkölen wind farm in Northern Sweden. Both plants are owned by Aquila Capital, a Hamburg-based alternative investment company focusing on renewable energy investments in the Nordics. In addition to the long term power hedging contract, Axpo will grant Aquila Capital market access for the sale of the corresponding electricity certificates and GoO (Guarantees of Origin).
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Sustainability as a roadmap to the future
Sustainability is a central part of Axpo’s corporate strategy
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