Read the latest headlines about developments in the international renewables industry in Vienna and Austria
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Austria International Renewables Industry News

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

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

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

Common Energy Strategy for Germany, Austria and Switzerland

After the German nuclear exit, Switzerland and Austria should act as “green battery”.

May 2, 2012

Vorarlberger Kraftwerke: Slight Increase in Results

Net income moved from € 40.2m to € 43m. Revenues reached 449.2m.

April 28, 2012

Sorgenia Will not be Sold

The Italian energy group will not be sold. The major owner CIR declines market rumors.

April 26, 2012

Hydro Power: Investments of € 16bn Planned

The Austrian energy Industry Calls for the construction of more hydro power plants. The renewable energy production should be enlarged considerably.

April 24, 2012

Sorgenia Records Losses

The Italian subsidiary of the Austrian energy company Verbund registered net losses of € 14.7. Revenues were up by 9.5%.

April 21, 2012

Siemens Austria and Verbund to Establish Electric Mobility Provider

The technology and electricity company found a joint venture in order to serve and develop the Austrian electric mobility market.

April 20, 2012

€ 8.0bn for Upgrade of Austrian Power Grid

According to the Austrian E-Control authority, the Austrian economy needs massive investments in the power grid. The upgrade to “smart grids” would be essential.

April 18, 2012

Verbund Focuses Investments on Austria

The Austrian energy company plans investments of € 2.4bn in the next five years. About 66% of these investments will be made in Austria.

April 12, 2012

AVE Needs Fresh Funds

The waste management company, which is held by the Upper Austrian energy company Energie AG, intends to pursue its growth strategy in CEE. New capital is needed therefore.

April 10, 2012

„Natural Gas to Become Most Important Energy Source“

Gerhard Roiss, CEO of the Austrian oil and gas group OMV pushes the EU to recognize the importance of natural gas.

April 7, 2012

BDI Receives Major Order from Hong Kong

The Austrian renewable energy company records an increase of € 9 million in the order volume for a multi-feedstock biodiesel plant in Hong Kong.

April 3, 2012

BDI: Higher Earnings, Lower Sales

BioEnergy International´s EBIT was up by 13.4% at € 3.6m. Sales declined by 13.1%.

April 2, 2012

EStAG Reports Moderate Rise in Earnings

The Styrian energy supplier Energie Steiermark AG could raise revenues by 9.0% to 1.37bn. Operating profits were down, though.

March 30, 2012

Losses at Verbund´s French Subsidiary Poweo

With consolidated revenue totalling € 503.4m, down 27.7%, the Group ended the year with a net loss of € 63.4m, due mainly to losses at the generation business and various write-downs

March 23, 2012

Windtec: Espionage Scandal Does Not End

A former employee of the AMSC-owned Windtec alleges to be pursued by a secret service. The U.S. should have intervened at the Austrian justice.

March 21, 2012

Verbund Faces Competition from Russia

The Russian energy group Inter Rao is interested in the Milan-based Sorgenia. Austrian Verbund holds 45% in Sorgenia.

March 20, 2012

Increasing Importance of Environmental Sector

In 2010, the Austrian environmental goods and services sector continued its growth, 7.9% more employees.

March 15, 2012

Raiffeisen Energy & Environment Sells Bulgarian Assets

The subsidiary of the Austrian Raiffeisen Leasing sells Bulgarian wind parks to Lukerg Renew.

March 14, 2012

„Going to America 2012“: AWO Supports Austrian Business in USA

Foreign Trade Austria (AWO) shows business opportunities in the U.S. to domestic companies.

March 8, 2012

EVN to Delist Bulgaria Units

Austria's EVN AG plans to delist its two units in Bulgaria just two months after the trade with their shares started on the local stock exchange.

March 7, 2012

Moody's Changes Outlook on Verbund's Rating to Negative

The U.S. rating agency Moody's Investors Service has today changed to negative from stable the outlook on the A2 senior unsecured rating of the Austrian energy company Verbund .

March 6, 2012

Voestalpine Awarded Major Contract in the UK

Austrian voestalpine Group has been awarded a major contract for the supply of roughly 20,000 tons of pre-cut heavy-plate shapes for Siemens Wind Power for the London Array offshore wind tower project in the United Kingdom.

March 5, 2012

Verbund Reports Mixed Results

The decline in profit by 12% in 2011 is justified with “difficult conditions in the energy market environment and the overall economy”. Sales and operating results were up substantially.

February 29, 2012

Verbund: Analysts Expect Mixed Results

Analysts anticipate a rise in earnings and sales at the Austrian energy supplier. EBITDA and profits are expected to decline.

February 28, 2012

Higher Profits and Revenues at EVN

The Austrian energy provider recorded a slight increase in profits (+1.8%) and revenues (+3.4%). EVN expects stable results in 2012.

February 28, 2012

EVN: Rise in Sales, Decline in Profits Expected

The Austrian energy company will publish its results for the first quarter on February 28. Earnings should rise, profits should fall, RCB estimates.

February 24, 2012

Market for Solar Power Shrinks

The Austrian renewable energy market showed a substantial slump in 2011. Subsidies were cut considerably.

February 20, 2012

Massive Increase in Energy Consumption

Austrian power plants are running at full speed. Energy supply was up by 14% last week.

February 11, 2012

Shortage in Energy Supply: Austria Helps Germany Out

In Germany, wind power plants record a decrease in energy production. German energy suppliers called for Austrian electricity.

February 9, 2012

Burgenland Holding Improves Results

The subsidiary of the Austrian energy supplier EVN is still in the red.

February 9, 2012

Verbund Starts Styrian Power Plant

Austria's cutting-edge-thermal power plant is already supplying electricity and district heating. Investment sum totals € 550m.

February 8, 2012

Vorarlberg Invests Massively in Renewable Energy

The Austrian province aims for enlarging renewable energy production together with the South-German energy group EnBW. Investments total € 600m.

February 7, 2012

Mitterlehner: „Shortages in Russian Gas Supply Not Dangerous“

For The Austrian Minister of Economics, Reinhold Mitterlehner, the sudden cut in Russian natural gas supply is “no dangerous scenario”.

February 6, 2012

Wind Power in Sahara: New Orders for Siemens Austria

The Austrian subsidiary of the German technology group Siemens achieved its first orders for the construction of wind power plants.

February 2, 2012

BDI Receives Major Order from USA

Austrian BioEnergy obtained order for retrofitting a U.S.-based biodiesel plant.

February 2, 2012

Enso Hydro Looking for Hydro Power Plants in SEE

The Austrian hydro power specialist aims for collecting € 70m of Deutsche Bank´s subsidiary DWS. Currently, enso hydro searches for new hydro power projects.

February 1, 2012

EVN Acquires Wind Park

The Austrian energy supplier expands its green power portfolio.

January 27, 2012

Bewag Completes Turnaround

After losses in 2010, the Austrian energy supplier could achieve positive results last year.

January 23, 2012

Investments in Wind Power to Increase Substantially

In 2012, the Austrian wind power production will be enlarged by 33%. Investments of € 620m are expected.

January 14, 2012