ewz should produce more renewable electricity
According to the will of the city council, the power station of the city of Zurich (ewz) is to receive a further credit line of 200 million francs. These funds would be available for the further expansion of electricity production, primarily from wind and water.
According to a press release , the city council of Zurich has applied for a third credit line of 200 million francs for the ewz. These funds are to flow into energy production facilities that produce electricity from renewable sources. The voters of the City of Zurich will ultimately decide whether this application will be approved.
As stated in the communication, since 2007 voters have approved three credit lines for investments in the production of wind energy and other renewable sources. In total, the amount was 420 million francs. With this, ewz acquired 18 wind farms in Germany, France, Sweden and Norway through the wholly-owned subsidiary of the city of Zurich, ewz (Deutschland) GmbH. This means that the ewz now has around one terawatt hour of electricity from wind. This corresponds to the current ewz share from the electricity production of the Gösgen nuclear power plant.
With the 200 million francs that have now been applied for, the ewz wants to expand primarily wind turbines and hydropower plants in Switzerland and other European countries. The ewz is aiming again to invest a third of the credit line in systems in Switzerland.
The ewz Germany group is responsible for all purchases and financing abroad. The city of Zurich describes it as one of its most important holdings. The city council therefore requests the municipal council to create a legal basis for ewz (Deutschland) GmbH in a separate submission.