EGL was founded in 1956 as an energy-trading company in Laufenburg (Switzerland) and since then has developed into one of the leading energy-trading companies with subsidiaries and operations throughout Europe.
History
2011
In Turkey, EGL and the Demirören Group establish two joint ventures in order to expand presence in the Turkish electricity and natural gas markets. EGL signs a memorandum of understanding with Botas, a Turkish pipeline operator. The agreement sets down the framework conditions for the planned transport of natural gas through Turkey to Europe. Axpo Holding AG, which already holds 91 percent of EGL shares, is making a public tender offer to takeover the rest of the EGL AG bearer shares.
2010
E.ON Ruhrgas becomes partner in the Trans Adriatic Pipeline project. EGL reduces its share to 42.5%. EGL purchases 46% of the wind park La Peñuca (33 MW) in Northern Spain. In Azerbaijan, EGL uncloses a representative office in order to improve partnership with gas suppliers. The gas-fired combined-cycle power plant SE Ferrara begins commercial operation. EGL holds 49% in the 760-MW plant.
2009
EGL is expanding its market presence in Europe and will in future also operate from a trading hub in the UK, where it has established a local subsidiary based in London. EGL acquires a 24.1% stake in Global Tech I Offshore Wind GmbH, which is planning to build the 400-megawatt wind farm Global Tech I off the north coast of Germany. In 2013, the 80 wind turbines are planned to be fully operational.
2008
The Rizziconi Energia gas-fired combined-cycle power plant (760 MW output) goes on stream in Rizziconi, Italy. EGL seals a final gas purchase agreement with the National Iranian Gas Export Company (NIGEC). EGL and StatoilHydro ASA sign an agreement to establish an equally owned joint venture to develop, build and operate the Trans Adriatic Pipeline (TAP).
2007
The Calenia Energia gas-fired combined-cycle power plant (760 MW output) goes on stream in Sparanise, Italy. Completion of the basic engineering work on the Trans Adriatic Pipeline. EGL adds trading in liquefied natural gas (LNG) to its business portfolio.
2006
Construction commences on the second gas-fired combined-cycle power plant in Italy (Rizziconi Energia S.p.A., Reggio Calabria). EGL further expands its natural gas trading activities on Europe's liquid markets. Feasibility studies for the Trans Adriatic Pipeline are concluded.
2005
EGL acquires the Swedish electricity supply and portfolio management company Hydro Kraft AB, which is rebranded EGL Sverige.
2004
Construction starts on the first gas-fired combined-cycle power plant in Italy (Calenia Energia S.p.A., Sparanise). EGL takes a leading role in the trading of CO2 and environmental certificates.
2003
EGL enters into a new strategic business field as EGL Gas begins operations in Dietikon. Feasibility studies for the Trans Adriatic Pipeline (TAP) project also begin.
2002
Axpo Holding AG becomes a majority shareholder of EGL.
2001
EGL begins planning and development of gas-fired combined cycle power plants in Italy.
2000
As part of a strategic realignment, EGL establishes three new strategic business areas – power trading, natural gas trading and asset portfolio. The Group starts building up a network of European subsidiaries, founding EGL Italia and EGL Polska.
1999
Electricity market deregulation in the European Union obliges energy producers and network operators to unbundle their operations, leading EGL to look for a new strategic direction. EGL also founds a subsidiary specializing in energy derivatives.
1998
The first electricity price index for continental Europe – SWEP – is launched, with EGL a founding member.
1967
In Laufenburg, the German, French and Swiss power networks are interconnected at the highest voltage level of 380 kilovolts (the "Star of Laufenburg").
1958
EGL goes public on the Swiss stock exchange.
1956
EGL is founded by the Laufenburg power station (KWL) to handle electricity trading activities, achieving 1.5 TWh of electricity sales in its first year.
Milestones in EGL’s History
Junction in Laufenburg
EGL becomes a modern energy trader
Calenia Energia - EGL's first gas-fired combined-cycle power plant
