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


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


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


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


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


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


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


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


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


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


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


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