The investment in Alpiq, a Swiss energy services provider and electricity producer encompasses Switzerland’s second-largest hydropower portfolio, a vital element within the nation’s power generation system. This portfolio comprises diverse assets, including over 25 hydropower installations spread across various drainage basins, spanning from small-scale to substantial storage systems. The Nant de Drance pumped storage power plant, operational since 2022, contributes to the system’s flexibility and reliability.
Alpiq’s hydropower fleet collectively holds an installed capacity of approximately 3,300 megawatts, generating over 5 terawatt hours per year. Hydropower signifies an important step towards securing Switzerland’s renewable energy future and aligns with the country’s climate objectives.
Importance of hydropower for Switzerland
With a total installed capacity of approximately 3,300 megawatts, the hydropower plants generate more than five terawatt hours per year. Hydropower is Switzerland’s most important source of electricity, representing more than 60% of the nation’s energy production.
Collaboration
A close collaboration with diverse industrial partners and public institutions enabled a favorable transaction. This collaboration resulted in robust governance rights within the transaction agreement, as well as a high level of transaction certainty.
Energy storage
As an energy-storage technology, the hydropower plant plays a pivotal role in shaping future energy systems, as it offers much-needed flexibility within Europe’s predominantly renewable-based energy infrastructure.
Supply reliability
The successful delisting of Alpiq through our investment strengthened its positioning as a strong and sustainable Swiss electricity producer. This also contributes to a secure electricity supply and maintains the production of hydroelectric power, which holds systematic importance. This transaction stands out as one of the largest within Europe over the past decade.
