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Austria International Renewables Industry News
Read the latest headlines about developments in the international renewables industry in Vienna and Austria
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Bulgaria: Stop of Constructing Nuclear Power Plant in Belene
Together with Russia, Bulgaria stopped the controversial construction of a nuclear power plant in Belene close to the Danube.
March 1, 2013
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EVN Suffers from Business in Bulgaria
In the first quarter of its business year 2012/13, the Austrian energy group recorded a decrease in net income. Outlook 2012/13: results from operating activities and Group net profit are expected to be below the prior-year level
February 28, 2013
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CEZ: Czech Republic Calls Brussels for Help
After the Czech energy group CEZ has lost its license in Bulgaria, the Czech government wants Brussels to put pressure on Sofia.
February 25, 2013
Bulgaria Cuts Energy Prices
After heavy citizens´ protests, the Bulgarian government has lowered the energy prices by 8%. Moreover, the Czech energy group CEZ loses its license.
February 19, 2013
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Schwarzenegger Calls for a “Sexy, Hip” Approach at the Vienna R20 Conference
Arnold Schwarzenegger called for an end to “doom and gloom” environmentalism and more of a “sexy, hip” approach at the Vienna R20 Conference.
February 1, 2013
Austria Plans Biggest Hydro Power Plant in its History
In Southwestern Styria, Verbund, Austrian Railways and the Styrian energy supplier EStAG want invest more than € 1.0bn in a new hydro power plant.
January 26, 2013
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Austria: Regional Energy Providers Invest Massively in Renewable Energy
In 2013, the regional energy supplier Energie AG wants to invest € 180m. The Vienna-listed EVN group intends to increase its renewable energy portfolio by € 800m until 2020.
January 16, 2013
Verbund Posts Managing Board Positions
The Austrian energy group is looking for new management board members in the period from 2014 to 2018.
December 18, 2012
EVN to Enlarge Renewable Energy Production and Expand into Russia
The Vienna-listed energy producer wants to change its energy production portfolio. The hydro power, wind power and solar power production will be enlarged.
December 17, 2012
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Energie Steiermark and Verbund Simplify Shareholding Structure
Verbund sells STEWEAG-STEG shares to Energie Steiermark and is buying Energie Steiermark’s shares in Verbund Thermal Power.
December 5, 2012
Verbund Focuses on Hydro Power
After the deal with German E.ON, the biggest Austrian energy company has a new core market and a new core product.
December 4, 2012
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Verbund Sells Enerjisa to E.ON
Verbund, Austria’s leading utility, and E.ON, one of the world’s largest energy providers, have reached an agreement on an asset swap.
December 3, 2012
Verbund Leaves Turkey
The Austrian energy group sells its interest in Enerjisa to German E.ON. Verbund will re-focus on hydro power.
November 23, 2012
Czech Republic to Enlarge Nuclear Energy Production
Until 2014, the Czech Republic wants to double the share of nuclear energy production. The Temelin and Dukovany nuclear power plants will be enlarged.
November 9, 2012
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Verbund: Better Results, Outlook Raised
In the first three quarters of 2012, the Austrian electricity company recorded an increase in revenues and net income.
October 24, 2012
Siemens Austria Builds Wind Power Plant in Turkey
The Austrian subsidiary of the German technology group has received a major order from Turkey.
October 20, 2012
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Verbund Does Not Exclude Sale of Enerjisa
The Austrian energy company Verbund is said to withdraw from Turkey. However, further investments would be conceivable too, Verbund says.
October 12, 2012
Verbund Sells € 70m Asset
Austria’s biggest electricity producer is focussing on majority interests with emphasis on hydropower.
October 11, 2012
Anzengruber: „Withdrawal from Turkey is no Issue Yet“
Wolfgang Anzengruber, CEO of the Austrian energy company Verbund, emphasizes that Turkey is a future market.
September 27, 2012
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EVN´s Subsidiaries to Delist
EVN: Delisting of EVN's two Bulgarian subsidiaries from the Bulgarian Stock Exchange.
September 24, 2012
Verbund in Turkey: Further Investments Instead of Withdrawal
In August, Verbund was said to sell its stake in Enerjisa to German eon. Now, Verbund may enlarge its investments in Turkey further.
September 19, 2012
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EVN and Verbund Open the Ashta Hydropower Plant in Albania
The project company “Energji Ashta“ and its owners EVN and Verbund are opening the first section of the Ashta hydropower plant (Ashta I) on the Drin River in Northern Albania.
September 18, 2012
RWE Agrees to Strategic Collaboration with Serbian Energy Utility EPS
The German energy group has signed a Memorandum of Understanding on further development of energy generation in Serbia. The focus will be on laid on hydropower.
September 11, 2012
Verbund Commissions 100 MW Wind Farm in Romania
The Austrian energy group´s 100 MW wind farm of Casimcea I, close to the Romanian Black Sea Coast, joins the grid.
September 11, 2012
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Germany to Depend on Austria´s Electricity “for the next 50 years“
After Germany´s nuclear exit, the German energy production faces new challenges, Michael Fuchs at the biggest German power grid operator Tennet thinks that Austria and Germany have a symbiotic relationship.
September 8, 2012
Verbund is Said to Sell Stake in Turkish Enerjisa
According to “Kleine Zeitung”, the Austrian energy group Verbund wants to withdraw from Turkey. German eon may purchase Verbund´s stake.
September 6, 2012
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EVN Posts Solid Results
Outlook 2011/12: Group net profit is expected to be at the same level of the previous year. Refinancing syndicated revolving credit facility of € 500.0m.
August 30, 2012
Hungary to Nationalize Energy Industry
Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.
August 29, 2012
Verbund Invests in German Wind Power
With the acquisition of five wind farms in Germany, the Austrian energy company enlarges its hydropower portfolio.
August 23, 2012
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Verbund: Sale of Enerjisa May Bring Synergies
The German energy group eon is said to be interested in Verbund´s stake in the Turkish Enerjisa. In exchange, Verbund should receive hydro power plants in Southern Germany and Austria.
August 20, 2012
Austrian Technology at Green Expo 2012
From September 25, 2012 - September 27, 2012, Technology “made in Austria” will be presented at the "Green Expo 2012” in Mexico City.
August 20, 2012
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Verbund: Erste Group Pessimistic
The Austrian energy company is expected to record lower earnings in the coming years.
August 7, 2012
Verbund Increases Operating Result and Group Result
Verbunds´Operating result: +11.9% to € 434.7m Group result: +12.4% to € 198.2m 2012 outlook: operating result of about € 800m, Group result of about € 350m.
July 25, 2012
Verbund: Substantial Rise in Net Income Expected
Tomorrow, the Austrian energy company Verbund will announce ist first quarter results for 2012.
July 24, 2012
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Verbund Modernises Styrian Hydropower Plants
Austrian Verbund invests € 400m in hydropower plants. „Annual electricity requirements of all private households in Styria already met with clean hydropower.“
July 20, 2012
OMV Invests in Renewable Energy
Innovation Minister, Doris Bures, and OMV CEO, Gerhard Roiss, open the BioCRACK pilot plant at the OMV Refinery in Schwechat on July 2.
July 3, 2012
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Austrian Showcase in Seoul: Renewable Energy and Biomass
From 22. October 2012 to 23. October 2012, Austrian Know-How in the fields of Forest machinery, renewable energy and biomass will be presented in Seoul.
July 2, 2012
Austrian Presence at Intersolar North America
Austrian companies will show their new innovations in San Francisco, California on July 10 – 13.
June 28, 2012
Kelag Invests € 60m in Kosovo
The Austrian regional energy supplier celebrated the ground-breaking ceremony of a major power plant in Kosovo this week. Investments will total € 60m.
June 27, 2012
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OMV Announces UK North Sea Divestments
OMV divests 5% stake in the Beryl Area producing fields for a consideration of USD 118m and acquires 17.5% stake in Tobermory and Bunnehaven discoveries West of Shetlands, from Statoil (U.K.).
June 20, 2012
Austria Among European Renewable Energy Nations
The contribution of renewable energy was up to 12.4% of energy consumption in the EU27 in 2010. The highest share is observed in Sweden, Latvia, Finland, Austria and Portugal.
June 18, 2012
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Verbund and EVN Develop Hydro Power Projects in Albania
The Austrian energy companies are interested in developping hydro power projects in the Western Balkan country. The investment volume reaches € 80m.
June 6, 2012
EVN Takes up € 500m Loan
The Austrian energy company secured fefinancing of ist existing syndicated revolving credit facility.
June 4, 2012
Solar Heating Specialist TiSUN expands to Asian markets
In 2011 the Austrian company, TiSUN GmbH, established a subsidiary company in Mumbai, TiSUN-EDES Solar (India) Pvt. Ltd., in order to be able to service the vast Asian market more efficiently.
June 1, 2012
Energy: Germany and Austria Agree on Closer Cooperation
German dena and Austrian Verbund advocate stronger German-Austrian energy partnership and aim to build more pumped storage power plants for the integration of wind and solar power.
June 1, 2012
Stable Results at EVN
The Austrian energy supplier reports stable revenues and earnings in the first quarter of 2012. Net income soared by 13.6%.
May 31, 2012
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Sorgenia Develops New Business Model
The Milan-based Sorgenia, in which Austrian Verbund has an interest, has developed a balanced portfolio of activities in Europe and South America with a substantial growth potential.
May 18, 2012
BDI: Sharp Cut in Earnings
BDI - BioEnergy International AG, specialised plant manufacturer in the Waste to Energy field, recorded a massive decrease in revenues and profits.
May 12, 2012
Global Demand for Solar Technology from Austria
Riyadh, the capital of Saudi Arabia, is currently home to the world's largest solar thermal plant. The technology behind this plant came from Austria.
May 8, 2012
Verbund Posts Substantial Improvement in Earnings
Operating result rose by 22.2% to € 263.6 m. Group profit increased by 10.16%. Nevertheless, the Austrian energy company remains below market expectations.
May 3, 2012
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