27 February 2018
The shareholders of Centrale Thermique de Vouvry (CTV SA) are dropping plans to build a gas-fired power plant in Chavalon. This decision is due to unsuitable regulatory and business conditions in the power industry. Their entire interest has been divested to the Orllati Group.
CTV SA was planning to build a combined-cycle natural-gas plant on the Chavalon site, situated within the municipality of Vouvry, in the canton of Valais. The plant had a projected capacity of 400 megawatts (MW), representing an annual output of 2-3 terawatt-hours and meeting the electricity demand of some 500,000 households.
Following detailed analysis, however, the shareholders of CTV SA – EOS Holding (95%) and Romande Energie (5%) – are abandoning this generation project on account of business and regulatory conditions. Lower power prices on the Swiss and European wholesale markets, compounded by a rise in the cost of CO2 emission offsets, have jeopardised the power station’s profitability.
Furthermore, permit procedures have been taking longer than expected. An appeal lodged against the approved building permit is still awaiting a hearing by the Valais cantonal court. At the same time, permit approvals by the Swiss Federal Office of Energy (SFOE) for a new gas pipeline and a 380 kilovolt power line are still pending. The power plant was initially planned to coincide with the first implementation phase of the federal government’s Energy Strategy 2050. It now seems, however, that gas-fired plants may no longer be part of the equation.
Site to be rehabilitated
EOS Holding and Romande Energie have sold their entire interest in CTV SA to the Orllati Group, which consequently now owns the Chavalon site. The Orllati Group, a mainstay in the Western Swiss construction industry, has been expertly decommissioning and rehabilitating the site since February 2009. It will continue to be responsible for this process.
EOS Holding and Romande Energie are mindful of current and prospective conditions in the Swiss power industry, especially with the Energy Strategy 2050 due to come into effect. They therefore plan to focus investments on supporting hydropower and developing other sources of renewable energy – areas in which they have already made substantial progress.
10 February 2016
EOS Holding is taking over a European portfolio of renewable energy assets with a total installed capacity of around 100 MW from Omnes Capital, a key player in investment capital and infrastructure investments, managing over 2.1 billion euros. The portfolio comprises 4 wind farms and 4 solar plants located in France and Portugal, built between 2010 and 2013. The 4 wind farms are in the Picardy, Burgundy and Poitou-Charentes regions of France, and have a total capacity of almost 50 MW. The 4 solar plants are in Portugal and in the Aquitaine area of France. These boast a total production capacity of 60 MW, notably including a part of the Cestas solar plant, Europe’s largest solar park (installed capacity of 300 MW). This acquisition enables EOS Holding to increase its capacity in new renewable energies, specifically in terms of ground-mounted solar photovoltaic plants.
27 March 2015
EOS Holding has announced the acquisition of “Les Combles” wind farm, located in Pas de Calais (Northern France).
This facility, commissioned in 2009, comprises 4 Enercon E70 2 MW turbines, with an annual production of approximately 15 GWh. It will become part of the portfolio of the subsidiary EOS Wind France, which will now manage more than 103 MW of installed capacity in various parts of France.
10 August 2013
The Board of Directors of EOS Holding is pleased to announce the appointment of Mr Thierry Lainé as the company’s new CEO. As a member of EOS Holding’s Management for 3 years and Deputy CEO since 2012, Mr Lainé has extensive experience in Mergers & Acquisitions, and the renewable energies sector in particular. EOS Holding is delighted to continue to benefit from his expertise.
13 July 2012
EOS Holding, in conjunction with Groupe E and Lausanne City Council, through its renewable energies company SI-REN, announce the acquisition of eight wind farms in France. Located in central and northern France, these wind farms comprise 44 wind turbines with an annual production of 203 million kilowatt-hours (kWh), equivalent to the average annual power consumption of 50,000 households. This investment makes EOSH one of Switzerland’s leading producers of electricity from wind energy. With this acquisition, the wind farms owned by EOSH now operate a total of 142 wind turbines with an annual output of 550 million kWh, or sufficient power to cover the needs of 137,500 households. By participating in this acquisition, Groupe E and Lausanne City Council, shareholders of EOS Holding, have found an opportunity to increase their own electricity production while expanding their experience in the sphere of wind power.
In June 2012, EOS Holding (EOSH), Groupe E and Lausanne City Council acquired eight wind farms in France. Situated mostly in the northern half of France, in Picardie, Champagne-Ardenne and Poitou-Charentes, these wind farms comprise 44 wind turbines with a total installed capacity of 88 megawatts (MW) and an annual production of 203 million kWh.
Groupe E has acquired 66% of the shareholding in the wind farm Les Grandes Chapelles, thus taking advantage of the opportunity to increase its production of energy from renewable sources, to master the management and operation of this type of production and to develop its experience in wind turbine technology.
Lausanne City Council, already a partner in the Rhônéole and Valéole wind farms in the Valais, has acquired a 51% share in the Monts Bergerons 1 wind farm in order to expand its experience in wind turbine operation.
In 2009 the EOSH shareholders – Romande Energie, Services Industriels de Genève, Groupe E, Lausanne City Council and FMV – decided on a strategy of development in the sphere of new renewable energies. In the wind energy sector, the objective was to reach an installed capacity of 250 MW in Germany and France. By acquiring these wind farms, EOSH achieves this objective thanks notably to the participation of Groupe E and Lausanne City Council.
With this acquisition, Groupe E and Lausanne City Council are developing their power generation stock in accordance with the 2050 strategy of the Swiss Federal Council which has decided to pull out of nuclear power, to increase production of electricity from renewable sources and to reduce overall energy consumption.
Power for nearly 137,500 households
This investment makes EOSH and its shareholders one of the leading Swiss producers of electricity from wind energy. With a total production of around 550 million kWh per year, the 142 wind turbines owned by EOSH supply sufficient power to cover the annual needs of 137,500 households (4,000 kWh/household/year). The buyers of these eight wind farms are thus turning towards energy from renewable sources at a time when this represents a major energy challenge more than ever.
Romande Energie SA
Services Industriels de Genève
Groupe E SA
Ville de Lausanne