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Austria International Renewables Industry News
Read the latest headlines about developments in the international renewables industry in Vienna and Austria
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
Verbund Group: Capital Increase has Been Determined
The capital increase for the biggest domestic electricity generator will allow large investments in energy infrastructure and thereby accelerate new power generation projects.
October 20, 2010
A-Tec Wins Major Contract for Project in England
A project in Australia is currently bringing A-Tec financial problems. A new project, however, offers prospects of success.
October 19, 2010
Verbund´s Subsidiary Sorgenia Achieved Higher Profits
Net income climbed during the first three quarters to 57.6 million euros
October 19, 2010
Coface CEE Top 500 - Poland Largest Number of Companies in CEE
Poland has the largest number of companies in the Central and Eastern Europe Top 500 with 28.4%. Hungary ranks second with 16.6%, overtaking the Czech Republic, which is home for 13.8% of the CEE Top 500.
October 12, 2010
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