News: 24.06.2009 16:30
Expansion of renewable energies in Norway
Alpiq acquires stake in Conceptor Renewable Energy and Technology AS (CRET)
Alpiq Holding Ltd. has acquired a 13.04 percent share in Conceptor Renewable Energy and Technology AS (CRET) of Norway. The company develops, builds and operates renewable energy plants in Scandinavia. By acquiring this interest, Alpiq is expanding its presence in new renewable energies.
Since 16 June 2009, Alpiq Holding Ltd. has held a 13.04 percent stake in Norwegian company Conceptor Renewable Energy and Technology AS (CRET) via Alpiq subsidiary Ecopower Skandinavia AS. The parties have agreed not to disclose the acquisition price. Alpiq views this shareholding as a good opportunity to accelerate its engagement in new renewable energies in Scandinavia. "We are delighted that Alpiq has decided to help us become one of the leading partners in new renewable energies in Scandinavia," says CRET CEO Tor Arne Pedersen.
Oslo-based CRET currently has more than 30 small hydroelectric power station projects under development and construction or in operation. The company is aiming to build small hydroelectric power stations with an annual production volume of 475 GWh by 2015. In addition to small hydroelectric power stations in Norway, CRET is also developing wind farm projects in Norway and Sweden with a potential installed capacity of around 400 MW.
Related Information
Alpiq: Swiss roots – Commitment throughout Europe
Alpiq Holding Ltd. is the leading Swiss energy trading company and the largest energy services provider with European orientation. The Group was formed at the beginning of 2009 through the merger of the two energy pioneers Atel Holding Ltd and Energie Ouest Suisse SA (EOS). In 2008, more than 10 000 employees in 26 countries generated a consolidated annual turnover of around 16 billion Swiss francs. Alpiq is active in the fields of electricity generation and electricity transmission, in energy sales and trading, as well as in energy services. The company is responsible for about one third of Switzerland's electricity supplies.