January 20, 2020 / 9:29 AM / a month ago

Axpo UK signs energy supply and trading deal with power supplier So Energy

FILE PHOTO: The logo of Swiss energy provider Axpo is seen at the Beznau nuclear power plant near the Swiss town of Doettingen, about 45 kilometres (28 miles) northwest of Zurich, March 29, 2011. REUTERS/Arnd Wiegmann

LONDON (Reuters) - Swiss renewable energy producer Axpo’s British subsidiary has signed a three-year energy supply and trading deal with UK power supplier So Energy, the company said on Monday.

Under the deal, Axpo will provide So Energy with access to short and long-term commodity markets and improve the company’s access to renewable energy sources.

The deal also strengthens Axpo’s presence in the British energy market, the firm said. Financial details of the deal were not disclosed.

Axpo is Switzerland’s largest producer of renewable energy and is involved in energy trading and marketing solar and wind power. So Energy supplies renewable electricity and gas to around 200,000 homes in England, Wales and Scotland.

Reporting by Nina Chestney; Editing by Alex Richardson

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