Latest News
Eolus Vind and EGL Sverige initiate collaboration on electricity trading
Hässleholm and Malmö, Monday, May 14, 2012
Eolus Vind AB and EGL Sverige have entered into collaboration for the purpose of portfolio administration and trading in wind power generation.
Terravent purchases first wind farm
Dietikon, Thursday, May 10, 2012
The investment company Terravent AG bought its first wind farm today. The plant is located in the windy hills of the French department of Aveyron in the Midi-Pyrénées region and generates nearly 40 million kilowatt hours of electricity per year – a production capacity sufficient for around 8,000 households. Terravent AG, which is owned by the five Swiss utilities AET, EKS, EKZ, ewl and SN Energie, as well as the energy trader EGL, is investing in European wind farms.
EGL Wind Farm Goes Online
Dietikon, Friday, April 13, 2012
The Winbis wind farm project has reached another milestone: The first 5 of 22 wind turbines have shortly begun feeding electricity into the Italian grid. As of this summer, the wind farm will be running at full capacity and will supply around 22,000 households with environmentally friendly electricity.
EGL shares to be delisted
Dietikon, Monday, March 5, 2012
The shares of EGL AG will be delisted from the Swiss stock exchange on 9 March 2012. As a result, SIX Swiss Exchange has extended the exemption from listing rules obligations to 9 March 2012. In doing so, EGL AG remains exempt from certain disclosure obligations until delisting.
EGL shares declared invalid – Axpo now sole owner
Dietikon, Monday, February 27, 2012
The Axpo takeover of EGL is final: On 16 February, the Commercial Court of the Canton of Aargau declared the EGL shares (0.2%) still on the market as invalid. The verdict is expected to go into force tomorrow. Axpo is thereby the sole shareholder of EGL.
E-world 2012: EGL presents customer business with structured products
Essen/Dietikon, Monday, February 6, 2012
More and more industrial companies, electricity suppliers, power plant operators and project developers are hedging against volatile electricity and gas prices. This is made possible by tailored products and solutions, such as those that EGL will present at E-world in Essen from 7 to 9 February. As a pioneer in the development of structured products (origination), the pan-European energy trader EGL is now one of the leading independent companies in this sector.
Difficult market environment and grid depreciation lead to lower net profit
Dietikon, Monday, January 23, 2012
The EGL Group contracted a lower gross margin of CHF 502.1 million (-23%) over the previous year. The main reasons for the decrease were the significantly lower trading result and the weak euro. Net profit also declined over the previous year to CHF 22.2 million (-12%). This was impacted in particular by a write-off of receivables from the grid operator Swissgrid. However, expansion of the customer business with structured products and innovative services (origination) has developed positively.
EGL exempted from certain disclosure obligations
Dietikon, Friday, November 4, 2011
In view of the planned delisting of EGL AG, SIX Swiss Exchange has exempted the company from certain disclosure obligations.
EGL Nordic expands into the Baltic region
Oslo, Thursday, October 6, 2011
EGL Nordic is expanding its trading and origination business into the Baltic region. The company has opened a branch in Estonia and with this step, EGL Nordic will develop the Estonian and Lithuanian electricity markets.
Andreas Rudolf leaves EGL
Dietikon, Thursday, September 22, 2011
Andreas Rudolf has decided to pursue new professional challenges and will step down from his position as CFO and Head Finance & Operations, effective at the end of December 2011. Succession of Andreas Rudolf’s operational responsibilities will be defined in the course of Axpo’s project to adapt its group structure.
