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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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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
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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
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Verbund: Substantial Rise in Net Income Expected
Tomorrow, the Austrian energy company Verbund will announce ist first quarter results for 2012.
July 24, 2012
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
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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
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
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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
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
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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
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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
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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
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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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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
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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
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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
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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
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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
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„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
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