Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTJune 1 (Renewables Now) - Swiss renewable power producer and energy trader Axpo Holding AG announced on Tuesday that it has started building its 2.2-MW alpine solar farm at the Muttsee dam in the Glarus Alps, Switzerland.
The AlpinSolar plant will be installed on the dam of the Muttsee reservoir at 2,500 metres (8,202 ft) above sea level, where it can benefit from snow reflection in winter time and a lower incidence of fog.
Axpo said it had received the formal construction approval from the municipality of Glarus Sued last week and started bringing the first components to the dam yesterday.
All plant components will be transported by helicopter since the Muttsee dam cannot be reached by road, Axpo said. A crane, which was already delivered to the site, will be used to install the panels and the substructure.
The AlpinSolar project was initiated by Axpo, which later entered into a 51/49 partnership with energy supplier IWB to implement it.
IWB’s subsidiary Planeco will be in charge of the construction.
The alpine solar farm is expected to be capable of generating some 3.3 million kilowatt-hours of power annually, half of it during the winter period. The plant’s output is sold to supermarket chain Denner under a 20-year power purchase agreement (PPA).
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST