Power companies in Switzerland- put off by complicated investment procedures and low profitability at home – are stepping up acquisitions in other parts of Europe. At the end of May, the Swiss electricity companies, EOS Holding and BKW, announced the purchase of 88 wind turbines in Germany and two wind farms inItaly. “Thirty years ago investments were made in nuclear power plants, primarily in France,” explained Nicolas Geinoz of the Association of Swiss Electricity Producers (VSE). “Over the past few years investment was dominated by gas and coal while most recently it has been wind parks.”
Europe’s wind and solar market is an attractive option for Swiss producers. “One hundred per cent of our investments abroad concern renewable energy,” said Alex Fries, director general of EOS Holding.