BAKU, Azerbaijan, Jan. 16
By Leman Zeynalova – Trend:
One of the shareholders of the Trans Adriatic Pipeline (TAP), Swiss Axpo company has entered a new energy supply deal with UK company Valda Energy through its subsidiary in London, Trend reports citing Axpo.
The two companies have announced a three-year deal for energy supply, under which Axpo will grant Valda Energy access to the long and short-term commodity market and provide them with electricity.
Valda Energy, whose management team bring many years of senior-level industry experience in the UK, was launched in October 2019 and aims at challenging the SME supplier market by being a viable alternative to the current crop of suppliers.
Axpo has been present in the United Kingdom since 2008. Axpo UK, the Group’s subsidiary for Great Britain and Ireland, provides risk management, market access, and supply solutions across the energy supply chain. Its clients include gas and electricity producers, large industrial and commercial (I&C) consumers, and energy suppliers such as Valda Energy.
Growth in the UK is part of Axpo’s strategy of constantly expanding its international presence; Axpo is present in 28 countries, active in 39 markets in Europe and the United States, and works closely with renewable energy producers, industrials, suppliers, and other market participants, offering tailor-made market access and risk management solutions.
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