IWB takes a stake in Agro Energie Schwyz
The Basel energy supplier IWB invests in the district heating network of Agro Energie Schwyz. It is located in the Schwyz valley basin. There, the local electricity producer has set up a modern network for electricity and heat from regional biomass.
IWB continues to grow with renewable energies. According to its own information, it joins the heating network of Agro Energie Schwyz AG ( AES ). Since 2006, it has built a modern network of over 100 kilometers in the Schwyz valley basin with state-of-the-art production facilities. A wood-fired thermal power station , an ORC system and a biogas system supply around 1,500 customers. The aim of AES is to build and operate a regional, independent and CO2-neutral energy supply in the region. The operator also attaches great importance to local added value.
IWB takes over shares from the largest shareholder, the Profond pension fund. Profond was looking for an investor with proven expertise in heat supply and a credible ecological focus. With this investment, IWB is following its strategy of decarbonising the heat supply, also outside the canton of Basel-Stadt.
"Agro Energie Schwyz is an innovative, rapidly growing company with a clear focus on renewable energy supply," explains IWB CEO Dr. Claus Schmidt choosing his company. "As the operator of the largest Swiss district heating network, IWB can contribute its vast experience in the heating network and at the same time expand its leading position in renewable heating."