Alpiq Holding

from Wikipedia, the free encyclopedia
Alpiq Holding AG

logo
legal form Corporation
founding February 1, 2009
Seat Lausanne , Switzerland
management Jens Alder, CEO ( ad interim ); Jens Alder (VR-P)
Number of employees 1548 (2018)
sales 5.2 billion CHF (2018)
Branch Energy supply / energy service
Website www.alpiq.com

Alpiq building (former Atel headquarters) in Olten, 2010.

The Alpiq Holding AG is an internationally active Swiss energy company with headquarters in Lausanne . Further operational offices are located in Olten and Zurich .

The company emerged from the merger of Atel Holding AG ( Aare-Tessin AG für Elektrizität ) and EOS SA ( Energie Ouest Suisse ) and began operations on February 1, 2009. The energy group employs around 1,550 people and operates in most European countries.

Companies

overview

Alpiq uses hydropower , fossil fuels , nuclear energy and new renewable energy sources such as hydro , wind and solar power plants to generate electricity . The power plants are operated in Switzerland, Italy, Germany, France, Norway, Hungary, Bulgaria and Spain.

The Alpiq Group is also active in trading in electricity, gas, coal, oil, CO 2 and environmental certificates. In addition, the company offers technical services in the fields of power generation and systems engineering, energy supply and communication technology, as well as traffic and building technology.

Alpiq works for energy suppliers, municipal institutions, industrial companies as well as institutional and private investors.

structure

The Alpiq Holding SA is a joint stock company by the Swiss Code of Obligations (OR), based in Lausanne . The central operating subsidiary is Alpiq AG , based in Olten .

The company was created in February 2009 from the merger of Energie Ouest Suisse (EOS) and Aare-Tessin AG für Elektrizität (Atel), taking into account the holdings of Électricité de France (EDF) in Switzerland, including the 50% stake at Electicité d'Emosson SA . The share capital consists of 27,874,649 registered shares with a nominal value of 10 Swiss francs each and was listed on the SIX Swiss Exchange until December 17, 2019 .

The board of directors (VR) consists of thirteen members and is elected by the general assembly (GV), with the anchor shareholders being entitled to a fixed number of representatives.

The five-person management is appointed by the board of directors, whereby the acting chairman of the management can also belong to the board of directors and head the group-wide departments (including Legal & Compliance, Human Resources and Communications & Public Affairs). As CFO, the head of “Financial Services” is also in charge of a group-wide area, the other three managing directors in 2019 headed the business areas “Generation Switzerland” (Swiss market), “Generation International” (international market), and “Digital & Commerce” .

As of the end of 2018, the annual report showed 1,548 employees, who are spread across the three business areas and the group management.

Shareholders

Based on the “ Federal Act on Stock Exchanges and Securities Trading ” (SR 954.1), which at the time provided for the obligation to submit a public purchase offer, the anchor shareholders concluded a shareholders' agreement with regard to the merger. This essentially determined the long-term shares in the share capital of the merged company.

The EOS Holding as the sole owner of Energie Ouest Suisse (EOS) and shareholder (18.56%) of Atel Holding fell to 31.38% of Alpiq shares. A total of 31.38% of Alpiq shares also went to the so-called Consortium of Swiss Minorities (KSM); These are six domestic shareholders who most recently jointly held 42.61% of Atel Holding. EDF Alpes Investissements Sàrl (EDFAI), based in Martigny , received 25.00% of the Alpiq shares, on the one hand from the participation (23.15%) in Atel Holding and on the basis of the participation (50%) in Electicité d'Emosson SA . The remaining 12.24% were open to the general public, although initially noteworthy shares were held by the former Atel shareholders A2A (5.16%) and EnBW (2.30%). In the course of 2015, the consortium partners increased their shares slightly: EOS to 31.44%, KSM to 31.43%, and EDFAI to 25.04%.

At the balance sheet media conference in early April 2019, it was announced that EDF was selling its Alpiq shares and prematurely leaving the consortium agreement terminated in September 2020 or releasing its four board seats. By the end of May 2019, EOS Holding and Primeo Energie, as the largest member of KSM, each took over half of the block of shares from EDFAI, financed by a mandatory convertible loan from the Credit Suisse investment foundation CSA Energie-Infrastruktur Schweiz . The aim is to delist the Alpiq shares from the SIX Swiss Exchange by means of a squeeze-out and to split the Alpiq share capital into EOS, KSM and CSA. The delisting application was approved by SIX Exchange Regulation on November 26, 2019 and the delisting was set for December 17, 2019.

Shares as of May 28, 2019:

Company figures

The following table shows Alpiq's company figures for the years 2012 to 2016:

year sales Weight / loss Employees
2012 12,723 -1,094 10'039
2013 9,370 18th 7,807
2014 8'058 -902 8,017
2015 6'715 -830 8,360
2016 6'078 294 8,557

In the period from 2012 to 2016, sales fell by more than half and the company made heavy losses. According to its own information, the reason is that Alpiq does not supply end customers, but rather sells the electricity it generates in wholesalers, where the prices that can be achieved are now below the generation costs. According to press reports, the production costs per kWh for the hydropower plants are on average 6.5 cents and for the nuclear power plants 4.5 ( Gösgen ) and 5.5 ( Leibstadt ) cents, while the price to be achieved is 2.8 (or 3 , 5) centimes per kWh.

For this reason, Alpiq announced in March 2016 that it would sell 49% of the hydropower plants. However, since no buyers were found, Alpiq put these plans on hold in 2017. Alpiq wanted to give away the shares in the two nuclear power plants to EDF or sell them to the Swiss state for 1 franc, but again without success.

In the first half of 2017, the Generation Switzerland division , which combines the hydropower plants and the two investments in the Leibstadt and Gösgen NPPs, reported a loss of CHF 100 million.

Business activity

Alpiq Holding is an independent energy service company. Customers include medium-sized companies, large companies and public institutions. The energy company is a stock corporation and operates in many European countries. The core market is Switzerland. In European energy trading , Alpiq is represented on all major electricity exchanges and trading platforms. In the energy service sector ( Alpiq InTec ), the European presence includes 30 companies at around 200 locations. Here Alpiq is active in the business areas of energy generation and systems technology, energy supply technology and communication technology, traffic technology and building technology. In order for electric cars a unified network of charging stations set up, Alpiq in June 2017 together with the energy service EBM , EWB and Groupe E , the MOVE Mobility AG founded. In Switzerland, MOVE has more than 800 of its own charging stations, and thousands more can be used throughout Europe. In the power generation division , Alpiq operates power plants in Switzerland, Italy, Germany, France, Norway, Hungary and the Czech Republic. In Switzerland, Alpiq is building a new pumped storage power plant in Finhaut and expanding an existing power plant in Veytaux . Alpiq has an energy mix of peak and base energy. The total installed capacity is 6,462 megawatts (MW). Alpiq is also committed to energy efficiency . In order to bundle activities here, Alpiq EcoServices AG, a separate subsidiary based in Zurich, was founded. Solutions are developed there that contribute to increasing the efficiency of systems and building technology, reducing CO 2 emissions and conserving resources.

Nuclear power plants

Alpiq holds a 40% stake in the Swiss Gösgen nuclear power plant (output 1020 MW), of which it is the managing director. It holds 27.4% of the Swiss Leibstadt nuclear power plant (output 1165 MW).

In June 2008, Alpiq submitted an application to build another nuclear power plant in the canton of Solothurn . In 2011 Swiss politicians decided on a long-term phase-out and a new construction ban for nuclear power plants.

Hydropower plants

Alpiq operates and holds shares in storage and river power plants in Switzerland and Italy. The water stored in the reservoirs enables so-called peak energy to be generated quickly in times of high demand. Run-of-river power plants provide the basic demand for electricity, which is consumed around the clock every day. With only a small gradient, so-called band energy is generated with the power of large amounts of water in the river power plants.

River power plants

Alpiq owns and operates three river power plants on the Aare in the cantons of Solothurn, Bern and Aargau. The run-of-river power plant near Flumenthal has an output of 23.7 megawatts and generates 146 million kilowatt hours of electricity per year. The run-of-river power station near Niedergösgen is one of the largest run-of-river power stations on the Aare, with an annual production of around 300 million kilowatt hours and an output of 51.3 megawatts. The Ruppoldingen run-of- river power plant generates 115 million kilowatt hours per year with an output of 21.1 megawatts. Alpiq also holds 10 percent of the 37 megawatt power plant in Klingnau in Koblenz and 13.5 percent of the 27.5 megawatt power plant Ryburg-Schwörstadt in Möhlin .

Storage power plants

The following table provides an overview of the storage power plants in which Alpiq has a stake or in which it is owned:

investment Location Power [MW] Annual production [GWh] Participation sightseeing
Blenio power plants Locarno TI, Switzerland 391 875 17% No
Chandoline hydropower plant
(out of operation) 		Chandoline VS, Switzerland 120 201 100% Yes
Cleuson-Dixence storage power plant Cleuson-Dixence VS, Switzerland 1269 2402 72.7% Yes
Emosson storage power plant Martigny VS, Switzerland 360 800 50% No
Engadine power plants Zernez GR, Switzerland 410 1248 22% No
Forces Motrices de Fully SA Fully VS, Switzerland 6th 9 28% Yes
Forces Motrices de la Gougra SA Moiry VD, Switzerland 159 588 54% No
Grande Dixence Grande Dixence VS, Switzerland 680 424 60% Yes
Hinterrhein power plants Thusis GR, Switzerland 651 1368 9.3% Yes
Forces Motrices Hongrin-Léman SA (FMHL) Hongrin VD, Switzerland 240 424 39.3% Yes
Lucendro and Sella dams Airolo TI, Switzerland 60 14th 100% Yes
Maggia power plants Locarno TI, Switzerland 626 1254 12.5% No
Forces Motrices de Martigny-Bourg SA Martigny-Bourg VS, Switzerland 21st 59 18% Yes
Electra-Massa power plant Naters VS, Bitsch VS, Switzerland 340 553 34.5% Yes
Mese storage power plant Mese, Italy 377 1128 20% No
Nant de Drance (under construction) Finhaut VS, Switzerland 900 2500 39% No
Veytaux power plant (FMHL +) Hongrin VD, Switzerland 240 424 39.3% No
Salanfe SA Salanfe VS, Switzerland 60 108 100% Yes
Simplon storage power plants Simplon VS, Switzerland 62 228 81.9% Yes
Storage power stations Tusciano Tusciano, Italy 96 313 20% No
Udine storage power plant Udine, Italy 309 1161 20% No
Zervreila storage power plants Vals GR, Switzerland 250 596 21.6% No

Combined and gas turbine power plants

Alpiq holds a 20% share in a 1,180 MW combined cycle power plant in Chivasso (Italy), a 20% share in a 660 MW combined cycle power plant in Piacenza (Italy), a 20% share in a 1,140 MW Combined power plant in Sermide (Italy), a 20% share of a 1740 MW combined power plant in Turbigo (Italy), a 51% share of a 100 MW combined power plant in Novel (Italy), a 95% share of a 50 MW combined power plant in Vercelli (Italy), 100% of a 12 MW combined power plant in Biella Power (Italy), 100% of a 410 MW combined power plant in Bayet (France), 100% of a 500 MW combined power plant in Csepel (Hungary), 100% of a 480 MW combined power plant and a 45 MW combined power plant in Kladno (Czech Republic), a 60% share of a 240 MW combined power plant in San Servero (Italy) and 100% of a planned 400 MW combined cycle power plant in Chavalon (Switzerland).

Alpiq also holds a 20% stake in a power plant in San Filippo del Mela (Italy). This was put into operation in 1971 and has an output of 1280 MW.

Coal power plants

By the end of August 2019, Alpiq also owned two coal-fired power plants in the Czech Republic. At the end of August 2019, the Kladno and Zlín coal-fired power plants were transferred to the Sev.en Energy Group of the investor Pavel Tykač .

New renewable energies

In addition to hydropower projects, wind energy, small hydropower and solar energy are key areas in Alpiq's electricity production. Alpiq operates power plants for new renewable energies in Switzerland, Italy, France, Norway and Bulgaria. The electricity company intends to use around one billion Swiss francs in Europe for the expansion of new renewable energies over the next few years. A fifth of these investments, i.e. around CHF 200 million, are to be made in Switzerland.

Small hydropower plants

Electricity production using small hydropower is part of Alpiq's subsidiary Alpiq EcoPower Switzerland, which was founded in 2006. It is responsible for realizing projects for the use of renewable energy in Switzerland. Alpiq EcoPower Switzerland is currently co-owner of 22 existing small hydropower plants in Switzerland. With an output of 5.4 megawatts, these power plants produce around 30 gigawatt hours ( GWh ) per year . They cover the electricity needs of around 6,000 households. Alpiq EcoPower Switzerland's power plants are located in various cantons on the Swiss Plateau and in the mountainous area. In the canton of Baselland, Alpiq EcoPower Switzerland has acquired four power plants from the Ziegler paper mill on the Birs . These power plants produce around 11 million kilowatt hours kWh per year . Alpiq is the owner and co-owner of nine power plants in eastern Switzerland. They generate around 15 million kilowatt hours per year, which is the equivalent of electricity for around 3,000 households. Another plant, which was originally built for the textile industry in 1936, is in the canton of Glarus. Alpiq EcoPower Switzerland works with planning offices and companies in the various regions to optimize existing systems and to plan, build, operate and maintain new systems. There are currently over 120 projects in progress. Alpiq also operates a number of other small hydropower plants in Italy and Norway.

The following table gives an overview of the small hydropower plants in which Alpiq is involved or owned:

investment Location power Annual production Participation sightseeing
Small hydropower plants on the Birs Nenzlingen BL and Grellingen BL, Switzerland 7 MW 11 GWh 100% No
Gestimi small hydropower plant Alagna Valsesia, Italy 4 MW 14 GWh 85% No
Small hydropower plants from Hydro-Solar Energie AG Bätterkinden BE 1 MW 5 GWh 65% No
Idrovalsesia small hydropower plant Riva Valdobbia, Italy 5 MW 13 GWh 85% No
Isento AG small hydropower plants Flawil SG, Matzingen TG, Frauenfeld TG, Müllheim TG, Bischofszell TG, Switzerland 1.2 MW 6 GWh 100% No
Le Bayet small hydropower plant Rognaix, France 2 MW 11 GWh 100% No
Narzole small hydropower plant Narzole, Italy 2.1 MW 10 GWh 100% No
Reisaeter small hydropower plant Ullensvang, Norway 1.4 MW 4.9 GWh 20% No
Riein drinking water power plant Riein GR, Switzerland 15 KW 0.07 GWh 100% No
Rüti small hydropower plant Rüti GL, Switzerland 0.3 MW 2.3 GWh 100% No
Sella small hydropower plant Canton Ticino, Switzerland 2 MW 3 GWh 100% Yes
Sevre small hydropower plant Bromma, Norway 5 MW 16 GWh 36% No
Splügen small hydropower plant Splügen GR, Switzerland 1.8 MW 7 GWh 70% No
Drinking water power plant Trans Trans GR, Switzerland 0.9 MW 3 GWh 75% No
Small hydropower plants in Weinfelden Weinfelden TG, Switzerland 1.6 MW 9 GWh 49% No
Winznau small hydropower plant Winznau SO, Switzerland 272 KW 2.2 GWh 100% No

Solar power plants

In August 2008, Alpiq acquired a 30 percent stake in the Moncada Energy Group from Sicily - one of the most important private operators of plants for generating new renewable energy in Italy - and founded the joint company M&A Rinnovabili Srl . This develops, realizes and operates wind parks, solar power plants and biomass systems. M&A Rinnovabilli Srl is currently realizing a solar system on Monte Narbone in the Agrigento region of Sicily . The system converts solar energy into electrical energy with thin-film solar cells . The solar cells come from our own production and together provide 14 MW. The first part of the solar park with an output of 6.5 MW has been in operation since the beginning of 2010. The second plant with a capacity of 7.5 MW is in the approval process.

Wind power plants

Alpiq has so far invested around CHF 700 million in the expansion of new renewable energies. Around 80% of this comes from wind energy, especially abroad.

Alpiq operates wind power plants in Italy, Bulgaria, France and Switzerland ( Peuchapatte wind farm ). The total output is 275 MW. Production in 2012 was around 475 GWh.

The Alpiq subsidiary Vetrocom built a wind farm with a capacity of 50 megawatts from 20 wind turbines in Kazanlak, Bulgaria , and put it into commercial operation at the beginning of 2011. Another 9 turbines were put into operation at the beginning of 2012, increasing the output of the wind farm to 73 megawatts.

There are several wind farms in Sicily in which Alpiq is involved. The Marineo wind power plant , around 20 kilometers south of Palermo, generates 56 gigawatt hours of electricity per year with 26 wind turbines, which have a total output of 22 megawatts. The Ramacca wind farm is located around 30 kilometers west of Catania and has 47 turbines with an output of 78.5 megawatts and an annual output of 164 gigawatt hours. In the Agrigento region, the Enpower wind turbine comprises three individual wind farms. Together, the 73 wind turbines provide around 62 megawatts and produce 100 gigawatt hours per year. Another wind farm, called Enpower 2 , is operated on Monte Mele near Agrigento. Like the Enpower wind farm, it belongs to the M&A Rinnovabilli Srl company, in which Alpiq acquired 30% in 2008 as part of the partnership with Moncada Energy Group. The plant comprises 10 wind turbines, has an output of 8.5 megawatts and achieves an annual production of 14 gigawatt hours. The Enpower 3 wind farm is located in Cattolica Eraclea in Sicily. It has 20 Gamesa wind turbines , which together have a capacity of 40 megawatts, and has been fully connected to the grid since May 2011.

Alpiq has a stake in two wind turbines in France. The output of the Cers wind farm is 7.5 megawatts and the amount of electricity generated is 22 gigawatt hours. The Gravières wind farm has a total output of 10.5 megawatts and generates 26 gigawatt hours of electricity per year.

Alpiq put its first wind farm into operation in Switzerland in January 2011. The three wind turbines from Le Peuchapatte in the canton of Jura have an output of 6.9 megawatts and generate 13.5 gigawatt hours of electricity per year.

Alpiq is also involved in the development of new wind farms in Norway and Sweden.

environment

In 2018, Alpiq generated an average of 298 grams of CO 2 equivalents and 19 cubic millimeters of nuclear waste per kilowatt hour. Among the four largest energy groups in Switzerland - in addition to Alpiq, these are Axpo , BKW and Repower - Alpiq did the worst with an average of 347 environmental impact points (EP).

Web links

Individual evidence

  1. ↑ Diagnosis of colon cancer: Alpiq CEO submits tasks for six months. In: aargauerzeitung.ch . February 3, 2020, accessed February 3, 2020 .
  2. ↑ a b Annual Report 2018. Accessed January 21, 2020 .
  3. ↑ SIX Exchange Regulation AG publishes the decision regarding the delisting of Alpiq Holding AG, Lausanne. (PDF; 54 KB) In: six-exchange-regulation.com. November 27, 2019, accessed December 16, 2019 .
  4. ↑ Olten electricity company - Alpiq shares say goodbye to the stock exchange. In: srf.ch . December 16, 2019, accessed December 16, 2019 .
  5. ↑ SIX Exchange Regulation approves application to delist Alpiq shares. Media release, November 26, 2019, accessed on November 27, 2019 .
  6. ↑ a b Annual Report 2016. (PDF p. 9, 148) Alpiq, March 3, 2017, accessed on November 29, 2017 (English).
  7. ↑ a b c d e Alpiq puts dams up for sale. Handelszeitung , accessed on November 29, 2017 .
  8. ↑ a b c d e Alpiq stops selling hydropower plants. Tages-Anzeiger , August 28, 2017, accessed November 29, 2017 .
  9. ↑ Alpiq wants to give away Leibstadt and Gösgen nuclear power plants. Aargauer Zeitung , November 7, 2016, accessed December 5, 2017 .
  10. ↑ Alpiq wants to sell nuclear power plants to the federal government for 1 franc. SRF , November 6, 2016, accessed December 5, 2017 .
  11. ↑ https://www.move.ch/
  12. ↑ Council of States says yes to the nuclear phase-out. In: Neue Zürcher Zeitung. September 28, 2011, accessed September 28, 2011 .
  13. ↑ Gas and coal power plant projects of Swiss energy companies in Switzerland and abroad. ( PDF ; 39 KB) In: woz.ch. September 15, 2009, accessed August 11, 2015 .
  14. ↑ http://www.alpiq.com/de/unser-angebote/unsere-anlagen/thermische-kraftwerke/konventionelle-kraftwerke/san-filippo-del-mela-thermal-power-station.jsp?searchfor=San+Filippo+ (Link not available)
  15. ↑ Alpiq sells Czech power plants to Sev.en Energy for $ 313 million. In: reuters.com. May 17, 2019, accessed on February 17, 2020 .
  16. ↑ Alpiq completes sale of Czech coal-fired power plants in Kladno and Zlín. In: cash.ch. August 30, 2019, accessed February 17, 2020 .
  17. ↑ Alpiq is satisfied with the 2009 financial year ( memento from January 16, 2013 in the web archive archive.today )
  18. ↑ Alpiq: Enpower 3 Srl, Cattolica Eraclea (AG) ( Memento of December 22, 2014 in the Internet Archive ), accessed on December 22, 2014.
  19. ↑ Alpiq: Le Peuchapatte wind farm ( Memento from December 22, 2014 in the Internet Archive ), accessed on December 22, 2014.
  20. ↑ Simon Banholzer, Tonja Iten: Short study: Strommix 2018. (PDF; 3 MB) In: Swiss Energy Foundation . July 17, 2019, accessed July 25, 2019 .