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