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

Too Little Competition for Energy and Pharmaceuticals

According to the Austrian institute of economic research (WIFO), electricity, energy and pharmaceuticals are too expensive.

January 2, 2012

EVN Raises Stake in Bulgarian Subsidiaries

The Austrian energy group acquired additional shares for € 45m in connection with the privatization process in Bulgaria.

December 21, 2011

Energie AG Achieves Strong Growth

The Upper Austrian energy provider recorded an increase in sales of 12.2% in the fiscal year 2010/11. EBIT was down by 2.6% to € 125.6m.

December 16, 2011

EVN Reports Decline in Profit

The Austrian energy group achieved net profit of € 189.7m in the 2010/11 financial year, a decline of 8.4% from the previous year.

December 15, 2011

Bulgaria Starts Sale of Share in EVN Bulgaria

The Bulgarian state withdraws from the Austrian energy company. 33% of the shares in EVN Bulgaria will be privatized.

December 13, 2011

Stable Electricity Consumption of Austrian Households

2003–2010: Overall electricity consumption of private households rose by 3%; highest consumption in one-person households and privately owned houses.

November 14, 2011

€ 400m for Solar Power

Tauernwind, which has built a solar power park in the Austrian Alps, intends to expand substantially.

November 12, 2011

BDI: BioGas Operations Successfully Established on the Market

The Styrian company increased earnings to € 3.2m in the first nine months of 2011 in spite of a moderate decline in sales.

November 10, 2011

Capital Increase for Energie AG

The Upper-Austrian regional energy provider will raise its capital by € 200m.

November 5, 2011

Verbund’s Result Influenced by Impairment Tests

The Austrian electricity group presented an improved operating result for the first three quarters of the year despite weak water supply.

October 27, 2011

Verbund´s Subsidiary APG Going Public?

The IPO of Verbund´s subsidiary Austrian Power Grid is being discussed.

October 25, 2011

Lower Profits for Verbund´s Subsidiary Sorgenia

Sorgenia, the Italian Subsidiary of the Austrian energy corporation Verbund, reports a drastic decrease in net income from € 61m to € 18m. Sales were down by 8.5%.

October 18, 2011

Verbund Signed a € 750m Credit Facility

The Austrian energy corporation secures funding for a period of five years. A credit facility from January 2005 has been replaced.

October 18, 2011

Verbund´s Subsidiary Expands in Italy

Sorgenia, the Italian subsidiary of the Austrian energy group Verbund, now provides electricity also for private households.

October 11, 2011

Major Pumped-storage Power Plant Commissioned

Austrian Verbund invested € 405m invested in expansion of hydro power. The construction ofa new hydro power plant in the Austrian Alps has been finished.

October 11, 2011

OMV’s Petrom Opens Wind Park in Romania

The subsidiary of the Austrian energy group invested a total of € 90m. The park has an installed capacity of 45 MW.

October 7, 2011

Bewag Achieved Turnaround

The regional energy provider Bewag turns back to the profit zone. In 2011, CEO Michael Gerbavsits expects a double-digit million figure in profits.

October 3, 2011

Major Bond Issue at EVN

On October 3, 2011, the management board of EVN set the parameters for the issuance of a bond.

October 3, 2011

Voith Hydro Receives Major Order from Russia

The plant manufacturer was awarded a contract for modernization of a Russian hydro power station. Presence in the country will be expanded through a joint venture.

September 29, 2011

Kelag to Invest € 70m in Bosnia-Herzegovina

The Carinthian energy provider signed a contract on the expansion of the hydro power infrastructure in Republika Srpska.

September 29, 2011

Verbund Said to Seek € 750m Credit Line to Refinance

Verbund AG, Austria’s biggest power company, is seeking a € 750m ($ 1bn) revolving credit facility to refinance maturing debt, according to a person with knowledge of the deal.

September 20, 2011

Austria and Azerbaijan Expand Cooperation

An Austrian delegation will hold several meetings with Azerbaijani ministries and private companies.

September 20, 2011

EnBW with New Attempt to Sell Stake in EVN

The German group intends to sell its shares in the Austrian energy company in two or three steps. It currently holds 32.5%.

September 14, 2011

Verbund Expects Drop in Earnings

The Austrian electricity group announced an update of its investment plan and provided guidance on its financial outlook for 2011 and 2012.

September 9, 2011

EVN with Slightly Better Results after Nine Months

The Austrian energy company recorded a marginal drop in revenue. Group net profit amounted to € 207.2m, up 1.2% from the prior-year.

August 25, 2011

Ecowind Acquired by German BayWa

Europe’s largest agricultural trading company pays € 4.6m for a 90% stake in the Austrian project company.

August 23, 2011

BDI - BioEnergy Expands Bio Gas Plant Operations

The Styrian company raised EBT by 37.3% year-on-year despite lower sales. Bio gas plants already account for 24% of total orders on hand.

August 11, 2011

VKW with Declining Profits in the First Half of 2011

The regional energy company reported a drop in power generation due to the dry weather in the period from January to June.

August 3, 2011

Hypo Alpe Adria Sells Off German Biogas Plants

The Austrian nationalized bank pulls out of the biogas sector. Sale of its plants in Austria is planned for the second half of 2011.

August 2, 2011

BDI Increases Shareholding in Enbasys

The Styrian company listed at the Frankfurt Stock Exchange raised its stake in the bio gas specialist to 81%. Acquisition of the remaining shares is about to be completed.

July 29, 2011

Verbund Reports Drop in Group Result and Sale of French Poweo

The Austrian electricity group suffered from extraordinarily weak water supply in the first six months of the year. The stake in French Poweo will be sold to competitor Direct Energie.

July 27, 2011

Verbund’s Sorgenia Starts Eco-Subsidiary in Italy

Sorgenia Green is planning to invest € 500m in geothermal energy and hydro power projects in the next five years.

July 26, 2011

EVN Expands in Bulgaria

The Austrian electricity company invested € 5m in the construction of a solar power station in Bulgaria and increased its stake in a joint venture project in the country.

July 21, 2011

Verbund Sold Renewables Portfolio to Axa Private Equity

The Austrian electricity company disposed of Poweo’s renewable energy business as a step towards restructuring of its portfolio in France.

July 19, 2011

EVN Concludes Acquisition of Stake in Inn Power Plants

The Austrian electricity company purchased a 13% stake in Verbund’s hydroelectric power plants on the Inn river.

July 5, 2011

Verbund: Speculations about Increase in Sorgenia Stake

The Austrian electricity company might sell its shares in Poweo and instead acquire its joint venture partner’s stake in Sorgenia.

July 1, 2011

Increase in Austrian Electricity Price below EU Average

Electricity and gas are relatively expensive in Austria compared to other EU countries. The electricity price rose by 1.1% in 2009/10.

June 29, 2011

Verbund to Restructure Its Portfolio

The Austrian electricity company is negotiating the sale of French Poweo. Eni and Enel are said to be interested in an acquisition.

June 27, 2011

Verbund: New Wind Farm in Romania

The Austrian electricity company will invest “several hundred million euros” in 77 new wind wheels which will go into service in 2012.

June 17, 2011

Verbund Evaluating Future Options for Sorgenia

The Austrian electricity company and its partner, the Milanese industrial holding CIR, will decide about the future shareholder structure of their joint venture.

June 9, 2011

Nuclear Power Phase-Out Will Cost Austria € 600m

According to calculations by E-Control, Germany’s decision to close down its nuclear power plants will affect the Austrian economy.

June 9, 2011

New Chance for Verbund in Turkey

The Austrian electricity company might win a contract for the power supply in three Turkish provinces after a competitor has withdrawn its bid.

June 6, 2011

UniCredit and Raiffeisen Seek to Broker Bulgaria's EVN Stake Sale

Bulgaria is going to sell its minority stake in an electricity distributor operated by the Austrian energy company.

June 3, 2011

EVN: 12% Drop in First-Half Net Income

The Austrian energy company recorded a substantial drop in group net income, mainly due to a 30.9% decline in the financial result.

May 26, 2011

Strabag Takes Majority Stake in Project Companies for Offshore Wind Power Plants

The Austrian construction company acquires a 51% interest in a project portfolio with possible 850 locations in the German North Sea.

May 23, 2011

Good Prospects for BDI

The manufacturer of biodiesel could realize rising profits in Q1/2011. However, sales were declining.

May 12, 2011

Romania Offers Export Opportunities for Austria's Environment Industry

18 top Austrian companies active in the areas of environmental technology and renewable energies are present in Bucharest.

May 12, 2011

BDI Receives Major Order in Germany

Enbasys GmbH, a subsidiary of BDI-BioEnergy International AG receives a million-dollar contract with the biogas facility for the German SARIA-Rethmann Group.

May 6, 2011

Austria's Solar Industry Strives For Technological Leadership

The domestic solar energy industry calls for more research funding to ensure the continuation of success achieved also into the future.

May 4, 2011

A-Tec: Coal Power Plant Will Not Be Converted

The insolvent company pulls back from its request to convert the Styrian power plant Voitsberg III. The total investment would have amounted to € 100m.

May 4, 2011