5.4 Group companies and investments

Unless otherwise stated in the footnote, the direct ownership interest has not changed compared with the previous year.

Group companies

Place of incorporation

Assets

Trading

Origination

Corporate

Direct ownership interest in %

Alpiq Holding Ltd.

Lausanne, CH

X

100.0

Aare-Tessin Ltd. for Electricity (Atel)1

Olten, CH

X

100.0

Aero Rossa S.r.l.

Milan, IT

X

100.0

Almolina H2 S.L.

Madrid, ES

X

100.0

Alpiq Ltd.1

Olten, CH

X

X

X

X

100.0

Alpiq Csepel Kft.

Budapest, HU

X

100.0

Alpiq Csepeli Szolgáltató Kft.

Budapest, HU

X

100.0

Alpiq Deutschland GmbH1

Munich, DE

X

100.0

Alpiq Digital Austria GmbH2

Vienna, AT

X

0.0

Alpiq EcoPower Ltd.1

Olten, CH

X

100.0

Alpiq EcoPower France S.A.S.

Toulouse, FR

X

100.0

Alpiq EcoPower Switzerland Ltd.

Olten, CH

X

100.0

Alpiq Energía España S.A.U.

Madrid, ES

X

X

X

100.0

Alpiq Energia Italia S.p.A.

Milan, IT

X

X

X

100.0

Alpiq Energie Deutschland GmbH

Berlin, DE

X

X

100.0

Alpiq Energie France S.A.S.

Paris, FR

X

X

100.0

Alpiq Energija BH d.o.o

Sarajevo, BA

X

100.0

Alpiq Energija Skopje DOOEL3

Skopje, MK

X

100.0

Alpiq Energy Albania SHPK2

Tirana, AL

X

0.0

Alpiq Magyarország Kft.

Budapest, HU

X

100.0

Alpiq Energy SE

Prague, CZ

X

X

X

100.0

Alpiq Energy Ukraine LLC3

Kyiv, UKR

X

100.0

Alpiq Finland Oy

Vantaa, FI

X

100.0

Alpiq Hydro Aare AG

Boningen, CH

X

100.0

Alpiq Hydro Italia S.r.l.

Milan, IT

X

90.0

Alpiq Italia S.r.l.

Milan, IT

X

100.0

Alpiq Le Bayet S.A.S.

Paris, FR

X

100.0

Alpiq Les Marronniers4

Paris, FR

X

100.0

Alpiq Norway AS

Oslo, NO

X

100.0

Alpiq Re (Guernsey) Ltd.

Guernsey, GB

X

100.0

Alpiq Retail France S.A.S.

Paris, FR

X

100.0

Alpiq RomIndustries S.R.L.3

Bucharest, RO

X

100.0

Alpiq Services CZ s.r.o.

Prague, CZ

X

X

X

100.0

Alpiq Solutions France S.A.S.

Paris, FR

X

100.0

Alpiq Suisse Ltd.1

Lausanne, CH

X

X

100.0

Alpiq Sverige AB4

Malmö, SE

X

100.0

Alpiq Turkey Enerji Toptan Satis Limited Sirketi2

Istanbul, TR

X

0.0

Alpiq Wind Italia S.r.l.

Milan, IT

X

100.0

Alres Sur 3 S.L.

Madrid, ES

X

100.0

Bel Coster SA

L’Abergement, CH

X

100.0

Birs Wasserkraft AG

Olten, CH

X

100.0

C.E.P.E. Des Gravières S.A.S.

Paris, FR

X

100.0

Cotlan Wasserkraft AG

Glarus Süd, CH

X

60.0

Dixence-Cleuson SA4

Hérémence, CH

X

100.0

EESP European Energy Service Platform GmbH2

Berlin, DE

X

0.0

Électricité d’Émosson SA

Martigny, CH

X

50.0

En Plus S.r.l.

Milan, IT

X

100.0

Energie Electrique du Simplon SA (E.E.S.)

Simplon, CH

X

82.0

Enpower 2 S.r.l.

Milan, IT

X

100.0

Enpower 3 S.r.l.

Milan, IT

X

100.0

Enpower 3 S.r.l.

St Gallen, CH

X

59.6

Eole Jura SA

Muriaux, CH

X

100.0

EolJorat Nord SA

Lausanne, CH

X

100.0

Horizen GmbH3

Berlin, DE

X

100.0

Hydro-Solar Energie AG

Niederdorf, CH

X

65.0

Isento Wasserkraft AG

St Gallen, CH

X

100.0

Kraftwerke Gougra AG

Sierre, CH

X

54.0

Motor-Columbus Ltd.1

Olten, CH

X

100.0

NOVAGAVIA BUSINESS, S.L.

Madrid, ES

X

100.0

Novel S.p.A.

Milan, IT

X

51.0

P2X Solutions Oy5

Espoo, FI

X

54.9

Pispantallin Tasapainotus Oy4

Vantaa, FI

X

100.0

Salanfe SA

Vernayaz, CH

X

100.0

Società Agricola Solar Farm 2 S.r.l.

Milan, IT

X

100.0

Società Agricola Solar Farm 4 S.r.l.

Milan, IT

X

100.0

Tous-Vents SA

Lausanne, CH

X

100.0

Wasserkraftwerk Hüscherabach AG

Splügen, CH

X

60.0

Wasserkraftwerk Peist AG6

Arosa, CH

X

51.0

Wasserkraftwerk Tambobach AG

Splügen, CH

X

70.0

1Interest held directly by Alpiq Holding Ltd.

2Fully owned subsidiary liquidated during 2024.

3In liquidation

4Newly founded

5Newly acquiered, see note 5.1

6Indirect interest held via Entegra with non-controlling interests of 69.6%.

Partner power plants and other associates

Place of incorporation

Licence / agreement expiry

Assets

Trading

Origination

Corporate

Direct ownership interest in %

Blenio Kraftwerke AG

Blenio, CH

2042

X

17.0

CERS Holding SAS

Toulouse, FR

X

15.0

Cleuson-Dixence1

Sion, CH

2044

X

31.8

Electra-Massa AG

Naters, CH

2048

X

34.5

Engadiner Kraftwerke AG

Zernez, CH

2050/2074

X

22.0

ETRANS AG

Baden, CH

X

33.3

Forces Motrices de Martigny-Bourg S.A.

Martigny, CH

2080

X

18.0

Forces Motrices Hongrin-Léman S.A. (FMHL)

Château-d’Oex, CH

2051

X

39.3

Glattstrom Buchholz AG

St. Gallen, CH

X

23.4

Grande Dixence SA2

Sion, CH

2044

X

60.0

Hydrogen Höfe Freienbach AG

Freienbach, CH

X

25.0

HYDRO Exploitation SA

Sion, CH

X

26.2

HyWay S.A.S.

Paris, FR

X

49.0

Kernkraftwerk Gösgen-Däniken AG

Däniken, CH

2039

X

40.0

Kernkraftwerk Leibstadt AG

Leibstadt, CH

2044

X

27.4

Kernkraftwerk-Beteiligungsgesellschaft AG (KBG)

Bern, CH

2041/2043

X

33.3

KohleNusbaumer SA

Blonay, CH

X

35.0

Kraftwerk Ryburg-Schwörstadt AG

Rheinfelden, CH

2070

X

13.5

Kraftwerke Hinterrhein AG

Thusis, CH

2048

X

9.3

Kraftwerke Zervreila AG

Vals, CH

2037

X

21.6

Maggia Kraftwerke AG

Locarno, CH

2035/2048

X

12.5

Nant de Drance SA

Finhaut, CH

2102

X

39.0

Ouvra Electrica Lavinuoz Lavin SA (OELL)

Lavin, CH

X

25.0

ToesStrom AG

Freienstein, CH

X

17.7

Tormoseröd Vindpark AB

Karlstad, SE

X

30.0

Unoenergia S.r.l.

Biella, IT

X

28.0

Wasserkraftwerke Weinfelden AG

Weinfelden, CH

2068

X

49.0

1Simple partnership

2Although Alpiq holds direct ownership of 60%, it has no control. For more explanations on accounting policies, see note 4.3

Joint venture

Place of incorporation

Assets

Trading

Origination

Corporate

Direct ownership interest in %

Hydrospider Ltd

Niedergösgen, CH

X

45.0

HyMove S.A.S.

Paris, FR

X

50.0

SC Produccion Renovable S.L.

Barcelona, ES

X

25.0