Dietikon, Tuesday, July 5, 2011
Today, the five Swiss energy suppliers AET, EKS, EKZ, ewl and SN Energie, as well as the energy trader EGL founded the investment company, Terravent AG. The purpose of the company is to invest in wind farms in Europe. For the participating companies, the partnership offers more efficiency in project evaluations and better chances in the acquisition of plants.
Six Swiss energy companies have joined together to invest in wind power in Europe. To this end, Azienda Elettrica Ticinese (AET), the electric utilities of the cantons of Schaffhausen and Zurich (EKS and EKZ), ewl energie wasser luzern (ewl), SN Energie and the EGL Group founded the investment company, Terravent AG, today. The firm will evaluate and invest in onshore wind farms in Germany, Spain, France and Italy. Terravent will give the participating companies access to electricity from wind power and the respective certificates.
Partner plant approach for new renewable energies
With the founding of Terravent, the six companies are transferring the decade-old, proven partner plant approach in Switzerland from the field of water and nuclear power to the world of renewable energies. "Working together has several advantages," explains Terravent’s Managing Director, Stefan Wittwer. By pooling financial resources, partners strengthen their position on the European wind energy market and obtain access to financially attractive plants. In addition, the partners share expenses for seeking, evaluating and processing investments. Finally they profit from EGL’s many years of experience in the development and acquisition of power plant projects – also in the area of wind power.
Focus on Germany and Spain
Terravent has already begun evaluating first wind farm projects. "In a first phase, we are concentrating on plants in Germany and Spain, but as a second priority, France and Italy are also of interest to us," says Stefan Wittwer. In doing so, Terravent is focussing on countries with optimal wind conditions and a well-developed wind power industry. All total, Terravent strives to reach a capacity of approx. 100 MW with its plant participations. The company does not want to take on any planning or construction risks, and hence intends to participate only in existing wind farms.
Further information
Terravent AG, Media Relations
Tel. +41 44 749 40 10, media@terravent.ch
Azienda Elettrica Ticinese
Elio Del Biaggio, Tel. +41 91 822 27 61, elio.delbiaggio@aet.ch
Elektrizitätswerk des Kantons Schaffhausen AG
Juliane Huber, Tel. +41 52 633 52 14, juliane.huber@eks.ch
Elektrizitätswerke des Kantons Zürich
Priska Laïaïda, Tel. +41 58 359 52 99, priska.laiaida@ekz.ch
ewl energie wasser luzern
Cécile Berlinger, Tel. +41 800 395 395, kommunikation@ewl-luzern.ch
SN Energie, Kommunikation
Adrian Inauen, Tel. +41 71 228 40 70, adrian.inauen@snenergie.ch
EGL Group, Media Relations
Tel. +41 44 749 40 10, media.ch@egl.eu
About Terravent
Terravent is a Swiss investment company with the objective of investing in onshore wind farms in Europe. The owners of Terravent are the Swiss energy companies Azienda Elettrica Ticinese (AIT; 21.4%), electric utility of the canton of Schaffhausen (EKS; 14.3%), electric utility of the canton of Zurich (EKZ; 14.3%), ewl energie wasser luzern (ewl; 14.3%), SN Energie (21.4%) and the EGL Group (14.3%). Terravent’s registered office is in Dietikon/Zurich (Switzerland).
Terravent AG founded
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