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Austria International Utilities Industry News
Read the latest headlines about developments in the international utilities industry in Vienna and Austria
OMV's Borealis to Merge with Borouge in a 30 Billion Euro Deal
OMV's subsidiary Borealis is set to merge with the Abu Dhabi-based petrochemical company Borouge, creating a new global heavyweight in the chemical and plastic sector with an estimated value of 30 billion euros. This significant move marks a transformative step in the ongoing value creation and chemical growth strategy of both companies.
December 14, 2023
Austro-Arab Chamber of Commerce Hosts Libyan Delegations for Industry and Digital Transformation Talks
In a series of significant events, the Austro-Arab Chamber of Commerce (AACC) in Vienna, Austria, played host to high-level delegations from Libya, focusing on industrial development and digital transformation.
December 5, 2023
Revolutionizing E-Mobility in Austria: Introduction of the E-Control Tariff Calculator for E-Charging Stations
In a new initiative to promote e-mobility, the Austrian regulatory authority E-Control has introduced a new comparison calculator for public e-charging points.
November 23, 2023
OMV's Polyolefins Business Cooperation: Concerns Raised as Greens Question Borealis' Future
Austrian energy company OMV has decided to pursue negotiations with ADNOC, the state-owned oil company of the United Arab Emirates, on potential cooperation of their polyolefins business. This reinforces certain concerns of the critical voices on the OMV-ADNOC deal.
July 16, 2023
Political Support for Southern Hydrogen Corridor: Austria, Germany, and Italy Sign Joint Letter
The Southern Hydrogen Corridor, developed by major European transmission system operators, aims to connect North Africa, Italy, Austria, and Germany to supply important European demand clusters with competitive renewable hydrogen.
May 10, 2023
Trilateral Meeting Discussed Energy Transition and Energy Innovation
A trilateral conference was held at the Technical University of Vienna, where Italian, French, and Austrian energy actors discussed the topics of energy innovation and the energy transition. The discussion panels included topics such as the role of gas and nuclear power in European decarbonization, the importance of renewable energy sources, and the potential of solar energy in Europe.
May 3, 2023
IAEA Head Grossi is Concerned about the Zaporizhzhya Nuclear Power Plant
The International Atomic Energy Agency (IAEA) has once again expressed concerns about the fighting around the Nuclear Power Plant (NPP) in Zaporizhzhya. Head of IAEA Rafel Grossi holds on to the implementation of a security concept.
March 30, 2023
Zaporizhzhya Power Plant Under Attack Says IAEA
The International Atomic Energy Agency (IAEA) has reported attacks at the Zaporizhzhya nuclear power plant. Several Detonations were heard near the power plant, which is worrying the Agency.
March 1, 2023
Vienna Will Provide 200 Euros Once More
After it gave financial assistance to its citizens last year, the City of Vienna will provide the same of 200 Euros again this year. The citizens will receive the benefits of the Energy Bonus 23 in April.
February 22, 2023
Wien Energie and Wiener Linien Continue Photovoltaic Offensive
Exactly 1,369 photovoltaic modules will make Vienna's public transport even greener with immediate effect, as part of the City of Vienna's plan to drive forward climate-friendly energy policies.
February 19, 2023
EU Is Planning the Withdrawal From the Energy Charter Treaty
The European Union wants to exit from the Energy Charter Treaty since the contract is not compatible with the energy transition. Austria is examining its exit from the treaty since November.
February 9, 2023
EU Grants Austria Subsidies Which Amounts 100 Mio. Euros.
The European Commission will grant Austria 100 million Euros as a measure for the reduction of power consumption approved under the framework for state aid in crises.
January 19, 2023
Fracking Is Causing Tensions in the Austrian Parliament
Fracking has caused tensions in the Austrian parliament. Climate protection Minister Leonore Gewessler from the Green Party tried to pass a law banning Fracking in Austria. However, the party’s coalition partner in the government, the Austrian People's Party (OEVP) declined the law.
January 18, 2023 · Sponsored Content
Gas Pipeline Explodes in Russia
A Russian gas pipeline, which also exports gas to Austria, exploded while repair work was being done there. The explosion occurred in the Chuvashia region and killed three people.
December 20, 2022
Austrian Government Will Expand Subsidies on Housing and Heating
The Austrian government wants to challenge the rising energy prices and help low-income persons by subsidizing their home and their heating. People who are eligible for those subsidies can get up to 330 Euros.
December 15, 2022
Austrian Government has Agreed on Electricity Price Brake
The Austrian federal government has agreed on the long-discussed "electricity price brake" to cushion the high cost of energy. According to information from the federal government, each household will pay a lower electricity price for that share of electricity consumption which corresponds to 80 percent of the average consumption of an Austrian household in the previous year.
September 7, 2022
IAEA Will Maintain a Continued Presence at Ukraine's Zaporizhzhya Nuclear Power Plant
Experts from the International Atomic Energy Agency (IAEA) began inspecting Ukraine's Zaporizhzhya nuclear power. As IAEA chief Rafael Grossi said on Twitter, some of his colleagues will stay at the power plant site for several days and establish a continued IAEA presence.
September 1, 2022
Austria's President Van der Bellen Brings in Experts on Energy and Climate Issues as Advisors
Ex-Verbund boss Wolfgang Anzengruber and Wifo economist Angela Köppl are volunteering their expertise to Austrian President Van der Bellen. According to the Federal President's Office, the war in Ukraine and inflation, as well as the slowly emerging energy crisis in Europe, call for expert advice on energy economics and climate issues.
August 31, 2022
Crisis Around Viennese Energy Supply Company "Wien Energie"
Austria's largest energy supplier urgently needs money to hedge forward transactions. Otherwise, the company would have to realize huge losses.
August 30, 2022
IAEA Finally Sends Assistance Mission to Zaporizhzhya Nuclear Power
After months of negotiations and back and forth, the IAEA Support and Assistance Mission to the Zaporizhzhya Nuclear Power Plant in Ukraine is finally setting off from Vienna. The mission itself is headed by International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi and the Agency is proud of the diplomatic success.
August 29, 2022
Austrian Chancellor Nehammer Calls for EU-27 to Stand Together for European Electricity Price Cap
Given the sharp rise in energy prices, Austrian Chancellor Karl Nehammer is calling for a European electricity price cap to "finally" put a stop to "this madness that is currently taking place on the energy markets. According to Nehammer. this is only possible through a European solution.
August 29, 2022
Iran Nuclear Talks: Iran Can Build Nuclear Bomb, But Does Not Intend to Do So
Iran says it is technically capable of producing a nuclear bomb. But the country does not intend to do so, the semi-official Fars news agency quoted the head of Iran's Atomic Energy Agency, Mohammed Eslami.
August 1, 2022
Earth Overshoot Day: World has Already Used Up Resources
The Earth's natural resources for this year will have been depleted by tomorrow. By tomorrow, ecosystems would need about a year to replenish their resources. According to the Global Footprint Network, which is based in the United States and Switzerland, Earth Overshoot Day is slightly earlier this year than last.
July 27, 2022
Austria Goes Back to Coal Power
The Mellach heating power plant in Styria, which is currently shut down, is to be converted so that electricity and heat can be generated there again from coal in an emergency. This was confirmed by Austria's Chancellor Nehammer.
June 20, 2022
Ukraine Nuclear Power Plants Still Under Control of Russian Forces But Safety Systems Fully Functional IAEA Says
Ukraine's Nuclear Power Plants Zaporizhzhya and Chernobyl are still under Russian control, but regulator said, that the Ukrainian staff continued to operate the plants. In the case of the Chernobyl Nuclear Power Plant, staff have not been able to rotate for more than three weeks.
March 18, 2022
Inflation in Austria: Government Approves Relief Package to Deal with Rising Energy Prices
Chancellor Nehammer and Vice-Chancellor Kogler held a summit with energy suppliers and assembled a relief package to help combat inflation. Learn what's in the relief package and who will benefit from it.
January 28, 2022
Climate Crisis: Vienna Joins "Race to Zero" Campaign
At the World Climate Conference (COP 26) in Glasgow, Vienna has announced that it is joining the "Race to Zero" campaign, which aims to cut emissions in half by 2030 and create a carbon-free world. Read about Vienna's new climate change commitment.
November 8, 2021
Arab Ambassadors in Vienna and Economic Relations between their Countries and Austria
The Ambassadors from Egypt, Iraq, Jordan, Morocco, Oman, Palestine, Qatar, Tunisia, and the UAE to Austria provided an economic overview of their countries and their relationship with Austria in an online forum with the Austro-Arab Chamber of Commerce (AACC).
July 11, 2021
Vienna Stock Exchange: EVN Replaces Telekom Austria in ATX
The semi-annual review of the Austrian leading index ATX has shown a change in the composition. EVN AG will replace Telekom Austria AG. Furthermore, voestalpine AG is included in the ATX five, which comprises the five largest listed companies, instead of Raiffeisen Bank International AG.
March 3, 2021
WKO and IV: Need for "Climate Protection with Common Sense"
The heads of the Austrian Federal Chamber of Commerce (WKO) and the Federation of Austrian Industries (IV) demand appropriate framework conditions for climate-friendly behavior instead of the race for ever higher climate targets. Both Secretary Generals want "climate protection with common sense".
December 10, 2020
Increase of Budget for Investment Subsidies to EUR 2 Billion
The Austrian Government has announced a budget increase for investment subsidies. A high demand and investment volume in the first three weeks of the application period has lead to this decision that is welcomed by the Federal Chamber of Commerce.
September 23, 2020
Foreign Trade Has Partially Recovered from Crisis
According to the latest report from Statistics Austria, imports and exports are only slightly behind last year's number indicating an upwards trend after Covid-19 has impacted foreign trade significantly.
September 8, 2020
WKO Secretary General: Labor Market Situation Improves, But Remains Great Challenge
The secretary general of Austria's Federal Chamber of Commerce WKO recognizes a slightly positive trend in the labor market but underlines the importance of ongoing and future economic measures.
September 7, 2020
Economic Sentiment in Austria and the EU Brightened Further in August
Businesses and the population of the EU still have below-average economic sentiment although the expectations improved over the last month. The sharp decline due to Covid-19 is made up by about 60 % already.
August 31, 2020
Vienna Based UNIDO Holds Expert Panel to Discuss Developments in Industry and Society
The United Nations Industrial Development Organization hosted an expert panel about the future of industry and society. Main topics were the advancement of attaining the sustainable development goals and shaping society as a whole.
August 21, 2020
Schwarzenegger in Vienna: Kick-off for Climate Conference
Arnold Schwarzenegger and Federal Chancellor Kurz stress the need for effective climate protection.
January 29, 2020
Vienna Energy Forum 2020 as a Hub for Innovative and Sustainable Energy Solutions
During high-level talks at the United Nations Climate Change Conference (COP 25), Maria Patek, Austria's Federal Minister for Sustainability and Tourism, announced the hosting of the Vienna Energy Forum (VEF) 2020.
December 11, 2019
Further Increase in Greenhouse Gas Emissions in Austria
Environmental control report calls for increased investment in climate-neutral economy and society. Climate neutrality requires change in the economy and society.
October 16, 2019
Largest Austrian Listed Companies: Verbund Replaces Andritz in ATX five
The semi-annual review of the Austrian leading index ATX shows no change in the composition. However, Verbund AG is moving into the ATX five, which comprises the five largest listed companies, instead of Andritz AG from Styria, according to the Vienna Stock Exchange in a press release.
September 4, 2019
What Does Vienna Have in Common with the New Silk Road?
In order to ensure sustainable development, the cities along the New Silk Road also have to face major infrastructural and social challenges, as well as climate-ecological challenges. More than 1000 participants from more than 178 cities are expected in September in the Vienna International Center for UNIDO's Bridge for Cities Conference as part of the Belt & Road Initiative.
August 12, 2019
High-Level Forum Africa-Europe - EIB Signs 3 Africa Projects Totalling Half a Billion Euros
At the Africa‑Europe High‑Level Forum in Vienna the European Investment Bank formally agreed a total of EUR 495 million of new financing for three projects in ten countries to support sustainable transport, clean energy and internet access projects in North, West and East Africa.
December 19, 2018
Austro-Arab Energy Community Meets in Vienna to Discuss International Cooperation
The 10th Arab-Austrian Economic Forum & Exhibition took place in Vienna yesterday, organized by the AACC Austro-Arab Chamber of Commerce in cooperation with the City of Vienna and the Regional Center for Renewable Energy and Energy Efficiency (RECREEE). Under the general theme "Energy Transition - Urban Technology and Sustainable Cities", New Opportunities for International Cooperation and Partnerships, representatives from EU institutions, international organizations, funds, European and international financial institutions as well as ministers and high-ranking personalities from the Arab economy met representatives of the local economy, politics and business community. Participants included Nabil R. Kuzbari, Richard Schenz, Michael Ludwig, Omar Al-Rawi, Mahdi Allak, Johannes Peterlik, Samir Koubaa, Michael Esterl and Li Yong.
October 2, 2018
Vienna Energy Forum and the R20 Austrian World Summit 2018: Feedback of a Participant
At the Vienna Energy Forum and the R20 Austrian World Summit recently held in Vienna, Beatriz Mayor of IIASA - International Institute for Applied Systems Analysis also participated, who shares her interesting insights as follows.
June 6, 2018
Top Energy Events Put Vienna in the Focus of the Global Clean Energy Economy
The Vienna Energy Forum 2018 in May in Vienna brings together a multitude of people and institutions to discuss and solve the key questions of the present on the topic of energy. Among them are heads of state, ministers, energy experts, representatives of international and non-governmental organizations, academia, civil society and the private sector. The PFAN Climate and Clean Energy Investment Forum and the R20 Austria World Summit are also part of this huge event. This event, sponsored by Arnold Schwarzenegger, is a high-level summit about leadership on implementing the Paris Climate Agreement and the United Nations Sustainable Development Goals.
April 19, 2018
Andritz Receives 90 Million Euros Order for Power Plant Renewal in Canada
The listed technology group Andritz has landed a major order for the renovation of a hydroelectric power station in Canada. "The order value is over 90 million euros," said Andritz by press release. The Styrian company will therefore renew six of the eight turbine units of a power plant in the province of Saskatchewan for the Canadian electricity supplier SaskPower.
October 31, 2017
OSCE: "Reliable, Affordable and Sustainable Energy Supplies are Prerequisite for Stability and Security"
Energy experts from the OSCE Mediterranean Partners for Co-operation, representing both government institutions and private sector companies, will begin a week-long field study of sustainable energy in Austria and Germany.
July 12, 2016
US Company Contour Moves European Headquarters from Paris to Vienna
The Vienna-based European headquarters will be the strategic centre for all thermal and renewable energy facilities in Austria, Italy, Czech Republic, Romania, Poland, Slovakia, Bulgaria, Armenia, Spain, Northern Ireland and Ukraine.
December 11, 2015
Strabag Builds EUR 37 Million Power Plant in Switzerland
Strabag AG is building the Rhone Oberwald run-of-the-river hydroelectric plant in the Swiss canton of Valais. The contract value of € 37 million comprises the construction of the necessary tunnels, galleries and underground chambers.
June 5, 2015
Verbund Raises Earnings Forecast and Dividend for 2014
Verbund AG announced today that the earnings forecast for financial year 2014 is being raised. Verbund expects EBITDA of around €800m (previous forecast: €770m) and a Group result of around €125m (previous forecast: €85m) in financial year 2014. The planned dividend continues to be based on a payout ratio of approximately 50% of the adjusted group result which in 2014 will be around €210m (previous forecast: €190m).
January 22, 2015
Verbund Withdraws from Bulgaria
Verbund withdraws from Bulgaria by selling its 16 MW wind farm on the Bulgarian Black Sea coast to Inwind Sp Ltd, a project company of Bulgarian Inovent Holding AD. The transaction is scheduled to close by the end of 2014. Both companies agreed on not disclosing any financial details of the transaction.
October 30, 2014