BAKU, Azerbaijan, Nov.17
By Leman Zeynalova – Trend:
Switzerland-based Axpo company marks a significant increase in wind energy share in recent years.
“In recent years, the share of wind energy has increased significantly, both with the acquisition of an interest in the Global Tech 1 offshore wind farm and with the purchase of the wind farm development and construction company Volkswind, which has been part of Axpo since 2015,” the company told Trend.
“Axpo is Switzerland’s largest producer of renewable energies. Our climate-friendly Swiss electricity mix consists of hydropower, biomass and nuclear energy and is characterized by a very low CO2 value.
We are primarily invested in Swiss hydropower and biomass. ln the field of wind energy, we build and operate wind turbines primarily in Germany and France.
Since the summer of 2019, solar energy has also become a part of our renewable activities in France and other countries.
Since 2019 we are also the proud owner of another subsidiary, the French photovoltaic company Urbasolar, which realizes solar energy projects in France and elsewhere,” Axpo said.
In an interview with AWP, Christoph Brand, the company CEO said that there is a need for energy, but the company is not expecting everything to go back to normal next year.
“That would be unwarranted. We expect power consumption to rise sharply. Politics underestimates this. Well founded, analytical assessments indicate that power consumption in the EU will double by the year 2050. The reason for this is de-carbonization.
The international business is an important pillar for us. If we can't earn money with hydropower, the nuclear power plants will disappear and large-scale photovoltaic system are unprofitable - what else is there in Switzerland? The growth potential abroad is greater than in Switzerland. That also has to do with the market size in Switzerland, which is simply limited. If we invest in neighboring countries that indirectly also helps Switzerland. And not to be forgotten, Axpo has invested much more in Switzerland than abroad in the last ten years,” Brand noted.
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