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Austria International Renewables Industry News

EVN to Get Support by State Secretary

State Secretary Lopatka intervened in EVN’s dispute with Bulgarian government. He urges Bulgaria to ensure protection of investments.

March 29, 2013

Roiss: “A European Concept and Joint Investments Are Needed“

In an interview with the Austrian newpaper Kurier, CEO of OMV explains why Europe needs other sources of energy and why there is a growing competitive disadvantage compared with the USA.

March 25, 2013

EVN to Start Arbitration Procedure

Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.

March 19, 2013

Austria: EVN To Sell Devoll Hydropower To Statkraft A. S.

Agreement regarding the sale of EVN AG's stake in Devoll Hydropower ShA, a project entity for the construction of a hydro power plant in Albania, to Statkraft A.S.

March 14, 2013

Bulgaria: Caretaker Government Announced

Three weeks after the stepping down of Bulgaria’s right-of-center government, President Rosen Plevneliev put together an interim government.

March 12, 2013

Bulgaria: Latest Protests Against Privatizing of Railway

Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).

March 12, 2013

Bulgaria: EVN Under Surveillance

While the Austrian power supplier EVN is currently kept under surveillance of the Bulgarian judiciary and government, protests by the citizens all over the country continue.

March 11, 2013

Bulgaria: Electricity Rate to be Reduced by 7 %

Experts still fear that the reduction in electricity prices will not help stopping protests.

March 6, 2013

Verbund: Group Result Increased, Higher Dividend

EBITDA: +15.4% to €1.2bn | Group result: +9.4% to €389m | Recommended dividend: +9% | €0.60 per share.

March 6, 2013

Verbund AG: New appointments to the Executive Board

Peter Kollmann becomes new CFO of the Austrian energy supplier. CEO Wolfgang Anzengruber was confirmed.

March 5, 2013

Austria: Rise in Profits to be Expected for Verbund

Specialists predict a plus in profits while revenues receded by approx. 17 %.

March 5, 2013

Bulgaria: Protests About to Escalate

The political frustration of Bulgaria’s population comes to new high as the promised reduction of energy prices stays out.

March 5, 2013

Bulgaria: Eagles Briges Civic Association To Be Found in Sofia

Protesters are gathering in the Arena Armeets Hall to differentiate their pleas.

March 4, 2013

Bulgaria: Stop of Constructing Nuclear Power Plant in Belene

Together with Russia, Bulgaria stopped the controversial construction of a nuclear power plant in Belene close to the Danube.

March 1, 2013

EVN Suffers from Business in Bulgaria

In the first quarter of its business year 2012/13, the Austrian energy group recorded a decrease in net income. Outlook 2012/13: results from operating activities and Group net profit are expected to be below the prior-year level

February 28, 2013

CEZ: Czech Republic Calls Brussels for Help

After the Czech energy group CEZ has lost its license in Bulgaria, the Czech government wants Brussels to put pressure on Sofia.

February 25, 2013

Bulgaria Cuts Energy Prices

After heavy citizens´ protests, the Bulgarian government has lowered the energy prices by 8%. Moreover, the Czech energy group CEZ loses its license.

February 19, 2013

Schwarzenegger Calls for a “Sexy, Hip” Approach at the Vienna R20 Conference

Arnold Schwarzenegger called for an end to “doom and gloom” environmentalism and more of a “sexy, hip” approach at the Vienna R20 Conference.

February 1, 2013

Austria Plans Biggest Hydro Power Plant in its History

In Southwestern Styria, Verbund, Austrian Railways and the Styrian energy supplier EStAG want invest more than € 1.0bn in a new hydro power plant.

January 26, 2013

Austria: Regional Energy Providers Invest Massively in Renewable Energy

In 2013, the regional energy supplier Energie AG wants to invest € 180m. The Vienna-listed EVN group intends to increase its renewable energy portfolio by € 800m until 2020.

January 16, 2013

Verbund Posts Managing Board Positions

The Austrian energy group is looking for new management board members in the period from 2014 to 2018.

December 18, 2012

EVN to Enlarge Renewable Energy Production and Expand into Russia

The Vienna-listed energy producer wants to change its energy production portfolio. The hydro power, wind power and solar power production will be enlarged.

December 17, 2012

Energie Steiermark and Verbund Simplify Shareholding Structure

Verbund sells STEWEAG-STEG shares to Energie Steiermark and is buying Energie Steiermark’s shares in Verbund Thermal Power.

December 5, 2012

Verbund Focuses on Hydro Power

After the deal with German E.ON, the biggest Austrian energy company has a new core market and a new core product.

December 4, 2012

Verbund Sells Enerjisa to E.ON

Verbund, Austria’s leading utility, and E.ON, one of the world’s largest energy providers, have reached an agreement on an asset swap.

December 3, 2012

Verbund Leaves Turkey

The Austrian energy group sells its interest in Enerjisa to German E.ON. Verbund will re-focus on hydro power.

November 23, 2012

Czech Republic to Enlarge Nuclear Energy Production

Until 2014, the Czech Republic wants to double the share of nuclear energy production. The Temelin and Dukovany nuclear power plants will be enlarged.

November 9, 2012

Verbund: Better Results, Outlook Raised

In the first three quarters of 2012, the Austrian electricity company recorded an increase in revenues and net income.

October 24, 2012

Siemens Austria Builds Wind Power Plant in Turkey

The Austrian subsidiary of the German technology group has received a major order from Turkey.

October 20, 2012

Verbund Does Not Exclude Sale of Enerjisa

The Austrian energy company Verbund is said to withdraw from Turkey. However, further investments would be conceivable too, Verbund says.

October 12, 2012

Verbund Sells € 70m Asset

Austria’s biggest electricity producer is focussing on majority interests with emphasis on hydropower.

October 11, 2012

Anzengruber: „Withdrawal from Turkey is no Issue Yet“

Wolfgang Anzengruber, CEO of the Austrian energy company Verbund, emphasizes that Turkey is a future market.

September 27, 2012

EVN´s Subsidiaries to Delist

EVN: Delisting of EVN's two Bulgarian subsidiaries from the Bulgarian Stock Exchange.

September 24, 2012

Verbund in Turkey: Further Investments Instead of Withdrawal

In August, Verbund was said to sell its stake in Enerjisa to German eon. Now, Verbund may enlarge its investments in Turkey further.

September 19, 2012

EVN and Verbund Open the Ashta Hydropower Plant in Albania

The project company “Energji Ashta“ and its owners EVN and Verbund are opening the first section of the Ashta hydropower plant (Ashta I) on the Drin River in Northern Albania.

September 18, 2012

RWE Agrees to Strategic Collaboration with Serbian Energy Utility EPS

The German energy group has signed a Memorandum of Understanding on further development of energy generation in Serbia. The focus will be on laid on hydropower.

September 11, 2012

Verbund Commissions 100 MW Wind Farm in Romania

The Austrian energy group´s 100 MW wind farm of Casimcea I, close to the Romanian Black Sea Coast, joins the grid.

September 11, 2012

Germany to Depend on Austria´s Electricity “for the next 50 years“

After Germany´s nuclear exit, the German energy production faces new challenges, Michael Fuchs at the biggest German power grid operator Tennet thinks that Austria and Germany have a symbiotic relationship.

September 8, 2012

Verbund is Said to Sell Stake in Turkish Enerjisa

According to “Kleine Zeitung”, the Austrian energy group Verbund wants to withdraw from Turkey. German eon may purchase Verbund´s stake.

September 6, 2012

EVN Posts Solid Results

Outlook 2011/12: Group net profit is expected to be at the same level of the previous year. Refinancing syndicated revolving credit facility of € 500.0m.

August 30, 2012

Hungary to Nationalize Energy Industry

Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.

August 29, 2012

Verbund Invests in German Wind Power

With the acquisition of five wind farms in Germany, the Austrian energy company enlarges its hydropower portfolio.

August 23, 2012

Verbund: Sale of Enerjisa May Bring Synergies

The German energy group eon is said to be interested in Verbund´s stake in the Turkish Enerjisa. In exchange, Verbund should receive hydro power plants in Southern Germany and Austria.

August 20, 2012

Austrian Technology at Green Expo 2012

From September 25, 2012 - September 27, 2012, Technology “made in Austria” will be presented at the "Green Expo 2012” in Mexico City.

August 20, 2012

Verbund: Erste Group Pessimistic

The Austrian energy company is expected to record lower earnings in the coming years.

August 7, 2012

Verbund Increases Operating Result and Group Result

Verbunds´Operating result: +11.9% to € 434.7m Group result: +12.4% to € 198.2m 2012 outlook: operating result of about € 800m, Group result of about € 350m.

July 25, 2012

Verbund: Substantial Rise in Net Income Expected

Tomorrow, the Austrian energy company Verbund will announce ist first quarter results for 2012.

July 24, 2012

Verbund Modernises Styrian Hydropower Plants

Austrian Verbund invests € 400m in hydropower plants. „Annual electricity requirements of all private households in Styria already met with clean hydropower.“

July 20, 2012

OMV Invests in Renewable Energy

Innovation Minister, Doris Bures, and OMV CEO, Gerhard Roiss, open the BioCRACK pilot plant at the OMV Refinery in Schwechat on July 2.

July 3, 2012

Austrian Showcase in Seoul: Renewable Energy and Biomass

From 22. October 2012 to 23. October 2012, Austrian Know-How in the fields of Forest machinery, renewable energy and biomass will be presented in Seoul.

July 2, 2012