Austria International Renewables Industry News

Read the latest headlines about developments in the international renewables industry in Vienna and Austria

OMV targets a 20% market share in Serbia

Important changes are foreseen for 2011 in the Serbian oil industry. Because, effective from January 1, the energy company NIS will lose, albeit theoretically, its artificially upheld monopoly position…

September 13, 2010

Putin: Gas pipeline Nabucco with "little chance of success"

Putin gives the competition project of the South Stream gas pipeline little chance of being realized, because as of now, Nabucco has no suppliers.

September 8, 2010

Energy - Three offers for Verbund power plants

Those interested are European companies. By mid 2011 the partial sale of Innkraftwerke shall be completed. Right now the current prospects review the economic documents.

September 7, 2010

The Austrian electricity price index ÖSPI is to decline in October

The electricity price index for October 2010, calculated by the Austrian Energy Agency (Österreichische Energieagentur), indicates that in October prices of electric energy will fall.

September 6, 2010

Miba Acquires Producers of Power Electronics Components

Miba, strategic partner to the international engine and automotive industry, has acquired EBG and DAU, producers of power electronics components, as of September 1, 2010.

September 1, 2010

OMV to cover 9 percent of Romanian energy demand

The gas-fuelled power plant Brazi in Romania of Austrian energy group OMV is going to be ready by autumn 2011 and will then produce enough energy to cover 9 percent of the Romanian energy demand.

August 30, 2010

Kelag with more sales and profits

Economic recovery brought growth for the Corinthian energy provider in the first half of 2010.

August 30, 2010

Russians buy Klausner

The financially ailing Tyrolean Wood Company Klausner has sold two of their last four German plants to the Russian competitors Ilim Timber.

August 25, 2010

Siemens Group upgrades Austrian business location

Siemens Austria has been named the global interface for the small hydropower plant activities of the Group.

August 25, 2010

Causa ÖBB - Verbund as top priority

Verbund AG wants to increase its equity, the federal government as majority shareholder will support the plan, which will be discussed, in tomorrows Council of Ministers.

August 23, 2010

OMV boss with possible prosecution

OMV CEO Wolfgang Ruttenstorfer maybe confronted with prosecution in the current proceedings against him as reported by Presse.

August 20, 2010

Albania - Green light for new power plant of Verbund and EVN

The EU's competition authorities have approved a joint power plant project of Verbund and EVN in Albania.

August 20, 2010

EVN - Majority of Bulgarian Gorna Arda is sought

Lower Austrian electricity company plans to acquire 70 percent of a hydroelectric project.

July 20, 2010

Eco World Styria - Styrians to outstrip U.S.

The network meets the future on the international market as "The World's Green Tech Valley": a success story.

July 16, 2010

Defying EU fusion reactors

According to calculations of the Green Party Federal Councillor Elisabeth Kerschbaum the project costs Austria €158m.

July 15, 2010

Union speaks of "death blow" for Austrian Railway

In the context of the forthcoming increase of capital of Verbund hydro electrical plants could be bought from the Austrian Railway Network ÖBB.

July 15, 2010

Siemens - Major contract in the Czech Republic

Siemens to build a photovoltaic system for about €10m

July 8, 2010

C.A.T. Oil AG wins two hydraulic fracturing tenders in Western Siberia

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has been announced as the winner of two tenders for hydraulic fracturing services in Western Siberia.

July 5, 2010

Intercell AG -Resolutions of the AGM

Intercell AG today announced that all proposed resolutions were approved by the Annual Shareholders meeting held today.

June 28, 2010

Andritz to supply electromechanical equipment for Ilisu hydropower station, Turkey

International technology Group Andritz will supply electromechanical equipment with a total value of approximately 340 MEUR as part of the construction of the Ilisu hydropower station in Turkey.

June 15, 2010

EVN scores a gas deal in Croatia

A new gas pipeline built by Austrian energy provider EVN will provide thousands of Croats.

June 2, 2010

C.A.T. Oil AG further improves profitability and earnings under abnormally harsh weather conditions

C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oil and gas field services in Russia and Kazakhstan, today has published its results for the first quarter 2010.

May 31, 2010

BWT AG - AGM agrees on all items of the agenda

The AGM of BWT Aktiengesellschaft passed all items of the agenda. The dividend was raised to EUR 0.40 per share after EUR 0.38 last year and will be discounted on May 31st and paid on June 2nd.

May 26, 2010

CEE oil & gas - MOL releases Q1 2010 financial results

The Hungarian-based MOL, one of the largest integrated oil and gas companies in Central and Eastern Europe, today posted its Q1 2010 unaudited financial results.

May 21, 2010

C.A.T. Oil AG - dividend announcement

The annual general meeting of shareholders of the company held on 18 June 2010, resolved to distribute dividends in the amount of €0.30 per eligible share for the fiscal year 2009.

May 18, 2010

Manpower to break threshold of 3000 temporary workers

In 2009 25 branches were opened in Austria and a turnover of €84,3m was achieved.

May 17, 2010