Access to capital

(GRI 103, GRI 3-3) 

Alpiqʼs power plants are capital-intensive due to their long lifespan, and the companyʼs origination and trading activities can create substantial short-term capital needs. As a result of this capital dependence, Alpiq has defined a financial strategy that reduces the financing risk on the liabilities side. The associated methods include diversifying the financing sources and maintaining Alpiqʼs credit rating in the investment grade range.

The financial policy defines corresponding guiding principles that are consistently implemented to achieve this goal. Further information on capital management is provided in the consolidated financial statements 2023 of Alpiq Holding Ltd.

ESG reporting and the fulfilment of ESG criteria are being preferred by an increasing number of financial stakeholders. Alpiq is convinced that the associated opportunities and potential will have a positive impact on the company and is working towards including financing vehicles based on sustainability criteria, e.g. green bonds or sustainability-linked bonds, for future financing.

Alpiq continuously reviews its management approach to ensure access to capital and transparently adapts it to the latest developments, including ESG reporting requirements. Thanks to the consistent focus on Alpiqʼs financial policy, capital requirements have always been met, even in a challenging environment.

Numbers

• 1,085 – value (CHF billion) of bonds issued
• 2.31 – average duration of bonds issued (2022: 2.07)
• 3.5 – equity (CHF billion)
• 346 – operational EBITDA (CHF million)

Statement

Frameworks/Standards

International Financial Reporting Standards (IFRS), Markets in Financial Instruments Directive (MiFID), European Market Infrastructure Regulation (EMIR), Regulation on Wholesale Energy Market Integrity and Transparency (REMIT), Swiss Financial Market Infrastructure Act (FinfraG), Swiss Federal Act on Subsidiary Financial Aid to support System-Critical Companies in the Electricity Industry (FiREG)