Swisspower | Swisspower Renewables further extends its hydropower…

Swisspower Renewables takes 50 percent participation in Italian hydropower company Energia Ambiente SpA

Swisspower Renewables AG, an investment company held by eleven municipal utility companies and the energy infrastructure fund “UBS Clean Energy Infrastructure 2 KmGK” (UBS-CEIS 2), further extends its asset portfolio in hydropower. Swisspower Renewables acquires 50 percent of the shares of the Italian Energia Ambiente SpA.

Energia Ambiente SpA owns nine hydropower plants in the province of Sondrio, Lombardy. With an installed capacity of roughly 38 megawatts (MW), the expected annual electricity production amounts to approximately 88 gigawatt hours (GWh). Swisspower Renewables takes over the share package from the investment company 3New&Partners SpA. The other 50 percent of the shares will remain with the Italian Bissi Holding SpA, a holding company, which, like Swisspower Renewables, invests exclusively in renewable energy.

One of the largest Swiss producers of renewable energy abroad

“With this acquisition, we further extend our hydropower portfolio in Italy”, says Felix Meier, CEO of Swisspower Renewables. Swisspower Renewables currently operates 31 hydropower plants in Italy and 24 wind parks in Italy and Germany. The company’s total production capacity amounts to roughly 640 GWh per year, which is equivalent to the average annual electricity consumption of about 140’000 households. With this acquisition, Swisspower Renewables strengthens its position as one of the largest Swiss producers of renewable energy abroad.

«It’s our goal to strengthen our growth with acquisitions in the future and continue to implement our strategy of investments in hydropower and on-shore wind power.»

Contribution to the energy turnaround

With the production of renewable energy, Swisspower Renewables contributes to the energy turnaround and the “Masterplan 2050” defined by the Swisspower municipal utility companies. The goal is to supply Switzerland with a maximum of renewable energies in the long run.

Swisspower Renewables increases its renewable energy capacity abroad since equivalent investment opportunities in Switzerland are missing. To ensure the security of supply in Switzerland in the future, it is mandatory that there is a higher domestic renewable energy production. Swisspower aims at ensuring adequate investment incentives, e.g., in the framework of the current revision of the electricity supply act.