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.3 | 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 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 Magyarország Kft. | Budapest, HU | X | 100.0 | |||
Alpiq Energy SE | Prague, CZ | X | X | X | 100.0 | |
Alpiq Energy Ukraine LLC2 | Kyiv, UA | X | 0.0 | |||
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 Marronniers | Paris, FR | X | 100.0 | |||
Alpiq Norway AS | Oslo, NO | X | 100.0 | |||
Alpiq Re (Guernsey) Ltd. | Guernsey, UK | X | 100.0 | |||
Alpiq Retail France S.A.S. | Paris, FR | X | 100.0 | |||
Alpiq RomIndustries S.R.L.2 | Bucharest, RO | X | 0.0 | |||
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 AB | Malmö, SE | X | 100.0 | |||
Alpiq Szolgáltató Kft.4 | Budapest, HU | X | 100.0 | |||
Alpiq Wind Italia S.r.l. | Milan, IT | X | 100.0 | |||
Alres Sur 3 S.L.3 | 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 SA | Hérémence, CH | X | 100.0 | |||
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 | |||
Entegra Wasserkraft AG | St Gallen, CH | X | 59.6 | |||
Eole Jura SA | Muriaux, CH | X | 100.0 | |||
EolJorat Nord SA | Lausanne, CH | X | 100.0 | |||
Haapajärven Tasapainotus Oy4 | Vantaa, FI | 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 Joensuu Oy4 | Espoo, FI | X | 100.0 | |||
P2X Solutions Oy | Espoo, FI | X | 54.9 | |||
Pispantallin Tasapainotus Oy | 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 | Rheinwald, CH | X | 60.0 | |||
Wasserkraftwerk Peist AG5 | Arosa, CH | X | 51.0 | |||
Wasserkraftwerk Tambobach AG | Rheinwald, CH | X | 70.0 |
1Interest held directly by Alpiq Holding Ltd.
2Fully owned subsidiary liquidated during 2025.
3In liquidation
4Newly founded
5Indirect 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 |