Axpo UK signs long-term PPA for new Slough Multifuel energy-from-waste facility in England

Axpo continues to expand its presence in the UK energy market: Its subsidiary Axpo UK Ltd. and Slough Multifuel Ltd., co-owned by SSE Thermal and Copenhagen Infrastructure Partners, have signed a new power purchase agreement (PPA), it was announced today. Axpo UK will purchase 100% of the power exported by a new 50 MW energy-from-waste plant which is currently under construction at the Slough Trading Estate in Berkshire, England.

The deal will manage the offtake of electricity through the plant’s commissioning period and thereafter for a period of fifteen years. Axpo provides the plant with a flexible PPA, managing all exports of power to the public distribution network, as well as providing the opportunity for the generator to sell power and heat to local consumers, therefore benefitting from its embedded location in an area characterised by large industrial users.

Ross McHardy, Senior Originator at Axpo UK, said: “We are very pleased to sign this new PPA with the Slough Multifuel energy-from-waste facility which demonstrates Axpo’s ability to manage bespoke and sometimes complex physical arrangements and commercial terms on behalf of its clients”.

Axpo has been present in the United Kingdom since 2008. Axpo UK, the Group’s subsidiary for Great Britain and Ireland, provides risk management, market access, and supply solutions across the energy supply chain. Its clients include gas and electricity producers, large industrial and commercial (I&C) consumers, and energy suppliers. Growth in the UK is part of Axpo’s strategy of constantly expanding its international presence.

Axpo Holding AG

Corporate Communications

medien@axpo.com

T 0800 44 11 00 (Schweiz) 
T +41 56 200 41 10 (International)

(08.00 - 17.30)

About Slough Multifuel Ltd.:

Slough Multifuel Ltd. is a joint venture between SSE Thermal (part of the FTSE-listed energy group SSE plc) and Copenhagen Infrastructure Partners (CIP).

More media releases

Show all

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%.

Read more

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.

Read more

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.

Read more