Innergia Group has signed an exclusive partnership with Vontobel and the cosmofunding platform to promote financing of the energy transition among Swiss municipalities. Innergia Group offers the public sector a unique and innovative solution in which a public-private partnership structure can be used to implement infrastructure construction, operations, and financing necessary for the energy transition and the achievement of local climate neutrality. In this process, a private company is founded for each municipality, which specializes in financing and implementing technically complex infrastructures.

In order to achieve climate neutrality by 2050, Swiss municipalities will have to invest millions over the next 30 years, which in many cases will exceed their debt limits. Innergia Group's PPP model offers a solution in which the special purpose vehicle finances the infrastructure through a fixed-interest bond guaranteed by the public sector. The model is in line with the laws and rules of public finance and the HRM2 accounting regulations. With Rossinière, Innergia Group was able to win over the first municipality to realize its energy transition projects. Other Swiss municipalities are expected to follow suit, and Innergia Group anticipates a financing requirement of CHF 11 billion per year.

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Vontobel Holding AG published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 09:31:05 UTC.