Swiss power producer and trader Alpiq has announced its 2018 results. The group's power generation increased by 0.3% to 14.8 TWh, spread as follows: thermal power (34%), nuclear (33%), large-scale hydropower plants (29%), and other renewables (4%). The group currently operates 6,100 MW of capacity spread across Europe. More specifically, Alpiq is present mostly in Switzerland (3,456 MW), Spain (846 MW), Italy (715 MW), Czech Republic (593 MW), Hungary (403 MW), Bulgaria (73 MW) and France (14 MW). Over 44% of the company's capacity consists in large-scale hydropower plants, while the remainder is spread among thermal power plants (38%), nuclear assets (12%) and small-scale hydropower, wind and solar PV (5.4%).
In order to improve its financial situation, the group decided to merge its renewable and thermal power generation businesses in December 2018. As of January 2019, Alpiq is now split into three divisions: Generation Switzerland, Generation International and Digital & Commerce. This spin-off is slated to support the financial stabilisation of the company. However, the Generation Switzerland business division, which entails power generation from domestic hydropower and nuclear power, closed the year at a loss and down on the previous year.
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