Neuhofstrasse 24, 6340 Baar, Switzerland
The Swiss energy company was founded in 2007 and has recently ramped up their acquisition of renewable assets. Their goal is to build a large-scale and financially sound wind and solar portfolio to provide profit to their customers. The Zug-based group invests in projects at all stages of development from ready-to-build to the development of sites.
The company’s aim is to accelerate their renewable portfolio by having 500MW of installed capacity by 2023. The Swiss group also aims to acquire a further 500MW by 2026, as part of their ambitious goal to establish their position in the green energy sector.
In April 2022, the Swiss energy group confirmed their 100% stake in five Italian solar projects with a total installed capacity of 213MW. Furthermore, they have also confirmed their purchase of a 50MW Spanish solar farm. The Italian projects will be ready to build by 2024 whereas the Spanish site is currently in a ready-to-build state. The two acquisitions bring their total pipeline to 714MW, which is in line with their total installed capacity of 1GW by 2026 goal.
The Switzerland-based investor is acquiring all shares in a 60MW development project from Polish renewables developer Toren Spółka Akcyjna. Located in western Poland, the solar project has an expected installed capacity of 60MW and is expected to be in a build-ready stage in 2023.
The Swiss group is investing into the renewables market in Romania by purchasing a 52MW PV solar project that is located in southern Romania near Bucharest. The group is expecting the project to be ready to build by Q1 of 2023.
Picture Source: Unsplash, 21.03.2021