Zurich – The Zurich City Council is proposing a framework credit of CHF 300 million for the expansion of renewable energies. This is intended to finance the expansion of hydropower, alpine solar plants, wind farms and investments in electricity producers. This also includes investments abroad.
The city of Zurich should also be able to invest in renewable energies in the future. According to a press release, the city council is therefore proposing a framework credit of 300 million Swiss francs. Among other things, this is intended to finance the expansion of existing hydropower plants and the relicensing of hydropower plants, alpine photovoltaic plants and wind farms. The framework credit should also enable the city to invest in companies that plan, build or operate renewable energy plants.
The funds are also expressly intended to be used for investments by the city of Zurich’s energy supplier ewz in the expansion of renewable energies abroad. France, Germany, Norway and Sweden are currently the focus countries of ewz’s activities abroad.
This is the fourth framework credit for the expansion of renewable energies since 2008. It should allow ewz to remain competitive. After the city parliament, the electorate will decide on the framework credit. ce/stk