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A new role for Axpo in hydropower
Many hydropower plant licences will expire in the coming years
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Henriette Wendt joins Axpo's Executive Board
Axpo Holding AG has appointed Henriette Wendt as its new Chief Operating Officer (COO), the Board of Directors announced today. She will serve on the company’s Executive Board and take up her position by 1 August 2021.
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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.
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Axpo sells four wind farms to EB Erneuerbare Energien Fonds Europa
Axpo continues to consistently implement its strategy goal to realise higher earnings from the renewable energies business: Four newly developed wind farms from the extensive portfolio belonging to the subsidiary Volkswind GmbH in France will become the property of EB Erneuerbare Energien Fonds Europa. In addition, the purchase agreement stipulates that Volkswind will continue to be responsible for operational management of these wind farms in the future.
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Axpo expands its international presence with new offices in Lisbon, Madrid and Amsterdam
Axpo is consistently expanding its business activities in the area of tailored customer solutions. Having recently opened its own subsidiary in Lisbon in order to boost revenues from the Portuguese market, the company has also now expanded its presence in Madrid and Amsterdam.
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Axpo’s climate strategy: ambitious and challenging in equal measure
Net zero ambition
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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.
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Axpo signs long-term PPA for two wind farms in Finland
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 subsidiaries Axpo Nordic AS and Axpo Finland Oy have agreed to buy the full output generated by the 30 MW Kröpuln and the 30 MW Storbacken wind farms currently under construction in Finland’s Ostrobothnia region. After having signed several long-term PPAs in Sweden in the past months, this PPA is a major step for the company’s business in Finland.
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Axpo acquires Urbasolar and launches growth initiative in the solar energy business
Axpo is entering into the international solar business and, on 30 April 2019, signed a contract for the acquisition of the French photovoltaics company Urbasolar. In doing so, Axpo continues to consistently pursue a strategy for profitable growth in the international business. After successfully developing the wind business with the subsidiary Volkswind, Axpo intends to take advantage of synergies in the economically attractive photovoltaics market. Urbasolar will be managed as an independent company. The company will serve as a platform to expand the solar business in Europe.
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Axpo’s financial results benefit all of Switzerland
CEO Christoph Brand on the company’s results and its strategy
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10 answers about Axpo’s energy trading
Why energy has no future without trading
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“The world of energy really fascinates me”
Trainee at Axpo: Annina Mehlisch
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Christoph Brand takes over as new CEO of Axpo on 1 May
Christoph Brand (50) takes up his new position as the new CEO of Axpo Holding AG on 1 May. He succeeds Chairman Thomas Sieber, who has been in charge of the interim operative management of the company since October 2019.
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Axpo finalises take-over of the PV company Urbasolar
Axpo has received approval from the respective authorities for the definitive acquisition of the French photovoltaics company Urbasolar. The transaction will make Axpo an important market player in the development and construction of solar plants in France and Europe.
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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.
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Axpo to purchase French photovoltaic company
In the course of its targeted growth strategy, Axpo has entered into exclusive purchase negotiations with the owners of the French photovoltaic company Urbasolar. With the acquisition, Axpo intends to further expand its leading position in the area of renewable energies. Urbasolar plans, constructs and sells photovoltaic systems.
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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.
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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.
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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.
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Is Axpo a renewable company?
Are you familiar with our assets? Test yourself.
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