With the new Palanggenbach hydropower plant in the canton of Uri, aventron is strengthening its position as one of the three largest green power producers in Switzerland and documenting its ambitions in the expansion of renewable energies.
In Switzerland, hydropower has been the most important renewable energy source in electricity production for decades. However, there are few opportunities to build new power plants in the tight and competitive market. This makes it all the more gratifying that aventron was able to get involved in the newly built Palanggenbach hydropower plant with a capacity of 2.6 MW in the canton of Uri. aventron holds a 60 percent stake in Kraftwerk Palanggenbach AG, while EWA-energieUri and Korporation Uri each hold 15 percent and the municipality of Seedorf 10 percent. Together they invested around 21 million Swiss francs in the new hydropower plant. With its annual production of about 11.5 gigawatt hours of electricity, enough for about 2500 households, the Palanggenbach power plant will make an important contribution to security of supply and CO2-free electricity production. EWA-energieUri was in charge of the project management for the power plant, which went into operation four months earlier than planned. The energy service provider from Uri is also responsible for the operation and management of the plant.
The official inauguration of the Palanggenbach hydropower plant in Uri took place on 3 June 2023 with an open day. Around 850 visitors took the opportunity to view Uri's newest hydropower plant in the Bodenwald forest in Seedorf (kw-palanggenbach.ch).
With this latest power plant, aventron is strengthening its position as one of the three largest green electricity producers in Switzerland and documenting its ambitions in the expansion of renewable energies. With a view to the existing, solid project pipeline, the company expects to increase its target of a renewable energy portfolio from today's 736 megawatts to at least 1,000 megawatts by 2030. To this end, further construction projects will be tackled and put into operation in the coming years, both in Switzerland and abroad. Diversification is a key element of the expansion and investment strategy so that the risks, viewed across countries, markets, framework conditions and technologies, remain as minimal as possible. One focus is the development of ground-mounted photovoltaic power plants in Italy and France, as well as the further expansion of photovoltaics in Switzerland.