HIAG and aventron found the joint venture HIAG Solar with the aim of expanding solar power production on the properties in HIAG's real estate portfolio in the long term. HIAG holds 49% and aventron 51% of HIAG Solar AG.
With a planned module area of around 65,000 m2 and an output of around 10 MWp, HIAG Solar aims to become a significant solar power producer in Switzerland in the medium term and gradually expand its capacity. The aim is to produce around 10 million kWh of electricity per year and save around 4.2 million tonnes of CO2 equivalents. The first four plants are already in the planning stage and are expected to start producing electricity in 2021 and 2022.
"The existing and planned properties in HIAG's portfolio are predestined for systematic expansion with photovoltaic systems," explains Marco Feusi, CEO of HIAG, "electricity production from renewable energy sources will thus take on an even more important role in HIAG's sustainability strategy, together with the existing photovoltaic systems and our hydropower plants."
For aventron CEO Antoine Millioud, HIAG Solar represents an optimal connection: "HIAG owns very large roof areas in Switzerland and aventron has proven expertise in the planning, implementation and operation of powerful solar plants."