17Investments in associates and joint ventures
|
CHF thousand |
2025 |
2024 |
|
|
|
|
|
Investments in associates and joint ventures |
23,840 |
24,565 |
|
esolva ag |
5,566 |
4,655 |
|
Madrisa Solar AG |
4,327 |
4,357 |
|
ENAG Energiefinanzierungs AG |
11,843 |
- |
|
Terra di Conte S.r.l. |
340 |
306 |
|
Resol Ciminna S.r.l. |
- |
13,167 |
|
Elettrostudio Energia S.p.a. |
1,737 |
2,054 |
|
Grischelectra AG |
27 |
26 |
|
|
|
|
|
|
|
|
|
Carrying amounts at 1 January |
24,565 |
25,513 |
|
Disposals from changes in consolidation |
–13,074 |
–5,677 |
|
Additions |
11,750 |
4,400 |
|
Dividends |
–509 |
–424 |
|
Effect of currency translation |
–64 |
150 |
|
Share of earnings |
1,172 |
603 |
|
Carrying amounts at 31 December |
23,840 |
24,565 |
In 2025, Repower acquired the remaining 50 per cent of Resol Ciminna S.r.l., thereby gaining full control. The disposals of consolidated companies amounting to CHF 13,074 thousand relate to this company, which had previously been recognised at equity.
The prior year, the disposal from changes in consolidation in the amount of CHF 5,677 thousand was the result of the increase in the interests in Erreci S.r.l. and Erreci Impianti S.r.l. to 70 per cent and the increase in the interest in KW Morteratsch SA to 100 per cent, which gave Repower control of these companies.
The additions of CHF 11,750 thousand in 2025 relates to the increase in the interest in Energiefinanzierungs AG (ENAG) from 5.477 per cent to 22.25 per cent.
The additions of CHF 4,400 thousand the prior year relates to the establishment of Madrisa Solar AG, which Repower recognises as an associate.