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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 Supervisory Board Appoints Members of the Board

The Austrian energy company appoints Günther Rabensteiner as a new board member. Baumgartner-Gabitzer’s Term renewed.
March 11, 2011


Verbund: Research Alliance with Technology University

The power group intends to expand its know-how in the field of environmental technology through cooperation with the Technical University of Vienna (TU).
March 10, 2011


Verbund: Massive Decline in Results

As forecast, the Austrian energy company has presented a declining result for fiscal 2010. Operating results fell considerably.
March 3, 2011


EVN Records Rising Revenues

The Austrian energy company announced its results for the first quarter in 2010/11. EVN could benefit from rising electricity costs.
February 26, 2011


Increase in Electricity and Gas Consumption

Austrian electricity consumption rises to the level before the economic crisis. Gas consumption is also showing a new record.
February 16, 2011


Verbund Intends to Grow in Italy and France

The Austrian-Italian joint venture Sorgenia is to expand its commitment to renewable energies in Italy and France.
February 9, 2011


Energie AG Plans Capital Increase

The Upper-Austrian energy company is to raise funds in order to realize further investment projects.
February 7, 2011


Investments in Renewable Energies in the CEE are booming

According to a study by TPA Horwath, Austrian companies will expand massively their involvement in the field of renewable energies in the CEE region.
February 4, 2011


Hope for Austria's Photovoltaic Industry

The development of alternative energy sources is being pushed by additional funding. EVN is also promoting alternative energies.
January 28, 2011


Verbund: Two Board Posts Vacant

The Austrian energy company advertises two executive board posts.
January 28, 2011


Upper Austrian Manufacturing Industry on Investment Course

AMAG and Lenzing show ambitions to be listed again on the Vienna Stock Exchange. Energie AG massively increases its investment budget.
January 21, 2011


EnBW Intends to Expand Engagement in Austria

The core shareholder of the Austrian company EVN plans further expansions abroad, especially in the "Alpine countries".
January 21, 2011


Austria's wind Energy Expands

After years of stagnation, capacities for wind energy are now being expanded again. IG Windkraft considers that subsidies are too low.
January 15, 2011


Agrana´s Upward Trend Continues

With a strong third quarter, Agrana, the Austrian sugar, starch and fruit group, continued its positive performance of the current financial year.
January 14, 2011


Turkish Electricity Market Threatens to Collapse

The increasing energy demand in Turkey is facing a lack of infrastructure. Austrian Verbund will expand its investments.
January 13, 2011


EVN Elects New Supervisory Board

The majority shareholder of the Austrian energy company EVN submitted a proposal regarding the new supervisory board elected on January 20.
January 10, 2011


Green Electricity Costs are Rising in Austria

Transfer pricing for the E-business rises in 2011, depending on the type of production, between 2.7 and 25.6%
January 3, 2011
REWE Group Focuses on Wind Power

6500 MWh of electricity per year are generated by wind turbines in the Lower Austrian Haindorf. The energy produced is bought by the REWE Group.
December 28, 2010


Further Rise in Energy Prices for Households

Austrian energy prices in November 2010 were higher by 5.8% compared to the previous year. Only gas became cheaper.
December 27, 2010
Slight fall in profits at Wien Energie

The municipal energy supplier achieved in the last fiscal year mostly stable results. Sales remained virtually unchanged.
December 24, 2010


OMV Gas Project is Delayed

Austria's OMV is involved in a joint venture for a liquid gas project in Croatia. Delays are expected.
December 23, 2010
Changes in Board of Bewag have been Completed

The energy supplier from Burgenland gets a new board after a seven-week long call for tenders.
December 22, 2010


Verbund Starts Restructuring in France

The Austrian energy company takes full control of the Poweo production subsidiary Poweo Production S.A.S.
December 22, 2010


Further Increases in Prices of Industrial Goods

Increase in industrial producer prices in October 2010 is, according to Statistik Austria, +4.0% compared with the same month last year.
December 20, 2010


EVN Reports Growing Results

The energy provider from Lower Austria could raise its EBIT by 6.9%. EBITDA grew by 11.6%. Revenues remained stable.
December 16, 2010


EVN: Changes in the Executive Board of EVN

The energy supplier located in Lower Austria announces the early retirement of Burkhard Hofer, member and spokesman of the Executive Board.
December 15, 2010
Linz AG: Decrease in Operating Profits

The Upper-Austrian energy supplier experiences a slight increase in sales. Profits declined. However, the board states to be “satisfied”.
December 14, 2010


Turkey: Verbund Fails in Privatization

The Austrian-Turkish joint venture was unable to participate in the privatization of the Turkish power grids. The Group's objectives remain valid nonetheless.
December 8, 2010


Wind Energy: Austrian Suppliers Export for € 450 million

More than 100 domestic companies are already working in the rapidly growing industry. Cooperation is to be strengthened now.
December 2, 2010


Austria's Industry Welcomes Electricity Reform

Whereas Industrialists and the Economic Chamber (WKO) are asking for enactment today, the Umweltdachverband (UWD, Environmental Federation) is against it.
December 1, 2010


Renewable Energy: Great Potential, but Halted by Politicians

The Umweltdachverband (UWD, Environmental Federation) criticizes sharply the energy policy of the Austrian Government. Investments are made mainly in obsolete technologies
November 29, 2010
A-Tec: Kovats’s Prestige Projects on the Brink

Due to the insolvency of the A-Tec Group. founder and CEO Mirko Kovats will have to give up prestigious projects such as his A-Jet.
November 29, 2010


Verbund Completes its € 1bn Capital Increase

Vienna Stock Exchange listed Verbund AG successfully completed its capital increase and placed 39,215,686 new shares.
November 26, 2010
Wiener Stadtwerke Inaugurates New Headquarters

The largest Viennese infrastructure company concentrates its activities at the new headquarters and also sets a mark for urban development.
November 24, 2010


Austria's Energy Consumption Falls

The energy consumption of Austria decreased in 2009 compared with the previous year by 4%. Mainly industry and transport reduced their consumption.
November 23, 2010
Industry Welcomes EU Energy Infrastructure Package

Secretary General of the Federation of Austrian Industrialists, Markus Beyrer: the package is also important to achieve energy and climate objectives.
November 17, 2010
Strabag: Takeover of h s energieanlagen Austria

STRABAG SE increases its stake in h s energieanlagen Austria from 43 percent to 100 percent in order to enlarge fluidised bed technology for energy production.
November 17, 2010


Wind Energy: Vendors Pressed for Time

Promotion for Austrian wind energy expires in 2012. The industry has only recently been able to set up new facilities.
November 12, 2010
Linz AG: Pause After Investment Offensive

The municipal company recorded extraordinary high capital expenses in 2009. The next projects are still in the planning phase.
November 11, 2010


Verbund: Further Expansion in Turkey

The power company intends to increase its presence in the rapidly growing Turkish market. But above all, investments will be made in Austria.
November 10, 2010


Umweltdachverband: Electricity Industry Power Plant List is Utopian!

Energy projects are unrealistic, alternatives have been ignored and the environment is neglected completely, according to the accusations.
November 8, 2010


Energy Industry: Tough Start for Expansion

The domestic energy industry has numerous plans to expand capacity. However, political will is containing them.
November 5, 2010


Energy Companies are Investing € 6.2 bn

Austria's electricity companies are currently planning the construction and expansion of more than 80 power plants.
November 4, 2010
Change of Leadership at Bewag?

According to reports, there are plans for a premature replacement of the board at the power company from Burgenland.
November 3, 2010
Energy Prices Rise Steeply

An increase of 6.7% was recorded for energy prices in the yearly comparison. The relevance of alternative energy sources will increase significantly in future, as energy price increases are expected to continue in the long term.
November 2, 2010


Verbund: Warning Concerning Profit

Despite worsening results, the Verbund Group holds fast to the capital increase. Core shareholders go along.
October 28, 2010


Large Power Plant in Turkey: Verbund concludes Joint Venture

With an investment volume of 550 million euro, the Verbund operates together with its Turkish partner Sabanci Holding, a gas-steam power plant.
October 25, 2010


Major Project for Siemens Austria in Georgia

Siemens Austria is involved in a project to develop the electricity industry in Georgia. The infrastructure project will act as a bridge between Russia and Turkey.
October 22, 2010
EnBW Remains Shareholder at EVN

EnBW decides not to continue the planned secondary offering of shares in EVN AG
October 20, 2010
OMV Plans Complete Takeover of Petrol Ofisi

OMV and Doğan Holding are in detailed negotiations regarding an acquisition of Dogan Holding’s stake in Petrol Ofisi by OMV
October 20, 2010