BAKU, Azerbaijan, Dec.11
By Leman Zeynalova – Trend:
The total capacity of the photovoltaic (PV) systems of Switzerland-based Axpo company has increased from 249 MW to 373 MW, Trend reports citing the company.
“The construction of a further 250 MW is planned for the current financial year; the entire project pipeline comes to 1000 MW. Together with a partner, a long-term supply contract was concluded with the operating company of the three Paris airports Paris-Charles-de-Gaulle, Orly and Le Bourget. In connection with this, Axpo is building three solar plants with a capacity of 40 MW, which will start operating in 2021,” Axpo said in its report.
Axpo also successfully continued its strategy of profitable growth in the wind energy sector.
The focus this year was on further expanding the portfolio and securing future development projects. In France, Axpo won the first 19/20 auction rounds, thus securing 27 per cent of the total auction volume and winning ten projects with a total of 201.5 MW. Axpo operates 130 wind turbines with a total capacity of 300 MW. In addition, 143 wind turbines are managed for third parties. In total, Axpo has projects with a capacity of around 4000 MW under development.
In Switzerland, the framework conditions for major investments in renewable energy are still inadequate. With this in mind, Axpo is actively promoting an auctioned, floating market premium based on the market price as part of the revision of the Energy Act. In addition, the revision lacks a risk guarantee to ensure long-term investment in the existing hydropower plants. In order to better exploit the potential of renewable energies in Switzerland too, especially in view of the looming winter shortage, clear incentives for investors are needed.
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