Swisspower Renewables acquires a 50 percent stake in Energia Ambiente SpA
Swisspower Renewables AG is further expanding its investments in hydropower in Italy. Swisspower Renewables acquires 50 percent of the shares in the Italian Energia Ambiente SpA.
Swisspower Renewables AG, an investment company held by eleven Swisspower municipal utilities and the energy infrastructure fund UBS Clean Energy Infrastructure 2 KmGK (UBS-CEIS 2), is further expanding its investments in hydropower in Italy. Swisspower Renewables acquires 50 percent of the shares in the Italian Energia Ambiente SpA.
Energia Ambiente SpA owns nine hydropower plants in the province of Sondrio in Lombardy. With an installed capacity of around 38 megawatts (MW), the expected annual electricity production is around 88 gigawatt hours (GWh). Swisspower Renewables is acquiring the share package from the investment company 3New & Partners SpA. The remaining 50 percent of the shares will continue to be held by the Italian Bissi Holding SpA, an investment company which, like Swisspower Renewables, invests exclusively in renewable energy.
One of the largest Swiss producers of renewable energy abroad
"With this acquisition, we are further expanding our hydropower portfolio in Italy," says Felix Meier, CEO of Swisspower Renewables. To date, Swisspower Renewables owns 31 hydropower plants in Italy and 24 wind farms in Italy and Germany. The company's total production capacity is around 640 GWh per year, which corresponds to the average annual electricity consumption of around 140,000 households. This strengthens Swisspower Renewables' position as one of the largest Swiss producers of renewable energy abroad.
Contribution to the energy transition
With its production of renewable energy, Swisspower Renewables is making a contribution to the Swisspower Stadtwerke 2050 master plan for the long-term supply of renewable energy in Switzerland and thus to the energy transition. Swisspower Renewables is driving the expansion of renewable energy production capacity abroad because there is a widespread lack of equally priced opportunities in Switzerland. In order to ensure security of supply in Switzerland in the future, it is essential that more renewable energy is produced domestically at the same time. Swisspower is working to ensure that appropriate investment incentives are created, including as part of the current revision of the Electricity Supply Act.
