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Renewable Energy Industry

Windtec: Espionage Scandal Does Not End

A former employee of the AMSC-owned Windtec alleges to be pursued by a secret service. The U.S. should have intervened at the Austrian justice.

March 21, 2012

Verbund Faces Competition from Russia

The Russian energy group Inter Rao is interested in the Milan-based Sorgenia. Austrian Verbund holds 45% in Sorgenia.

March 20, 2012

Andritz Receives Order in DR Congo

The Austrian technology Group Andritz received a contract for reconstruction and rehabilitation of two Francis units (178 MW each) for the Inga 2 hydropower plant, DR Congo.

March 19, 2012

Increasing Importance of Environmental Sector

In 2010, the Austrian environmental goods and services sector continued its growth, 7.9% more employees.

March 15, 2012

Raiffeisen Energy & Environment Sells Bulgarian Assets

The subsidiary of the Austrian Raiffeisen Leasing sells Bulgarian wind parks to Lukerg Renew.

March 14, 2012

Canada as Growth Market for Austria´s Environmental Technologic Industry

This week, the Canadian environmental trade fair “Globe 2012” will be held in Vancouver. For Austrian environmental technology suppliers, Canada may be a promising market.

March 12, 2012

„Going to America 2012“: AWO Supports Austrian Business in USA

Foreign Trade Austria (AWO) shows business opportunities in the U.S. to domestic companies.

March 8, 2012

Isovoltaic Said to Start Stake Sale After Failed IPO

Isovoltaic AG, an Austrian solar developer, started the sale of a 45 percent stake as it seeks an alternative to last year’s failed initial public offering, according to a person with knowledge of the process.

March 5, 2012

Voestalpine Awarded Major Contract in the UK

Austrian voestalpine Group has been awarded a major contract for the supply of roughly 20,000 tons of pre-cut heavy-plate shapes for Siemens Wind Power for the London Array offshore wind tower project in the United Kingdom.

March 5, 2012

Andritz: Controversial Projects in Brazil and Turkey Are Going According to Plans

The Austrian machine manufacturer Andritz participates in the construction of two major hydro power plants in Turkey and Brazil.

March 2, 2012

Verbund Reports Mixed Results

The decline in profit by 12% in 2011 is justified with “difficult conditions in the energy market environment and the overall economy”. Sales and operating results were up substantially.

February 29, 2012

EVN: Rise in Sales, Decline in Profits Expected

The Austrian energy company will publish its results for the first quarter on February 28. Earnings should rise, profits should fall, RCB estimates.

February 24, 2012

Andritz Supplies Equipment for Hydro Power Plant in Peru

Luz del Sur, one of the largest electric utility companies in Peru, has awarded Andritz Hydro a contract to supply the electromechanical equipment for the Santa Teresa hydropower station.

February 23, 2012

Market for Solar Power Shrinks

The Austrian renewable energy market showed a substantial slump in 2011. Subsidies were cut considerably.

February 20, 2012

Massive Increase in Energy Consumption

Austrian power plants are running at full speed. Energy supply was up by 14% last week.

February 11, 2012

Shortage in Energy Supply: Austria Helps Germany Out

In Germany, wind power plants record a decrease in energy production. German energy suppliers called for Austrian electricity.

February 9, 2012

Verbund Starts Styrian Power Plant

Austria's cutting-edge-thermal power plant is already supplying electricity and district heating. Investment sum totals € 550m.

February 8, 2012

Vorarlberg Invests Massively in Renewable Energy

The Austrian province aims for enlarging renewable energy production together with the South-German energy group EnBW. Investments total € 600m.

February 7, 2012

Mitterlehner: „Shortages in Russian Gas Supply Not Dangerous“

For The Austrian Minister of Economics, Reinhold Mitterlehner, the sudden cut in Russian natural gas supply is “no dangerous scenario”.

February 6, 2012

Wind Power in Sahara: New Orders for Siemens Austria

The Austrian subsidiary of the German technology group Siemens achieved its first orders for the construction of wind power plants.

February 2, 2012

BDI Receives Major Order from USA

Austrian BioEnergy obtained order for retrofitting a U.S.-based biodiesel plant.

February 2, 2012

Enso Hydro Looking for Hydro Power Plants in SEE

The Austrian hydro power specialist aims for collecting € 70m of Deutsche Bank´s subsidiary DWS. Currently, enso hydro searches for new hydro power projects.

February 1, 2012

Major Order from Costa Rica for Andritz

The Austrian technology group Andritz was awarded a contract by the Institute of Electricity of Costa Rica.

February 1, 2012

EVN Acquires Wind Park

The Austrian energy supplier expands its green power portfolio.

January 27, 2012

Bewag Completes Turnaround

After losses in 2010, the Austrian energy supplier could achieve positive results last year.

January 23, 2012

Investments in Wind Power to Increase Substantially

In 2012, the Austrian wind power production will be enlarged by 33%. Investments of € 620m are expected.

January 14, 2012

€ 400m for Solar Power

Tauernwind, which has built a solar power park in the Austrian Alps, intends to expand substantially.

November 12, 2011

BDI: BioGas Operations Successfully Established on the Market

The Styrian company increased earnings to € 3.2m in the first nine months of 2011 in spite of a moderate decline in sales.

November 10, 2011

Capital Increase for Energie AG

The Upper-Austrian regional energy provider will raise its capital by € 200m.

November 5, 2011

Austrian Trade With China to Double

On the occasion of the state visit of the Chinese President Hu Jintao, the Austrian Minister of Economics stated to aim a deepening of the bilateral economic relations.

November 1, 2011

Verbund’s Result Influenced by Impairment Tests

The Austrian electricity group presented an improved operating result for the first three quarters of the year despite weak water supply.

October 27, 2011

Verbund´s Subsidiary Expands in Italy

Sorgenia, the Italian subsidiary of the Austrian energy group Verbund, now provides electricity also for private households.

October 11, 2011

Major Pumped-storage Power Plant Commissioned

Austrian Verbund invested € 405m invested in expansion of hydro power. The construction ofa new hydro power plant in the Austrian Alps has been finished.

October 11, 2011

OMV’s Petrom Opens Wind Park in Romania

The subsidiary of the Austrian energy group invested a total of € 90m. The park has an installed capacity of 45 MW.

October 7, 2011

Bewag Achieved Turnaround

The regional energy provider Bewag turns back to the profit zone. In 2011, CEO Michael Gerbavsits expects a double-digit million figure in profits.

October 3, 2011

Andritz Not Affected by Belo Monte Construction Stop

The Austrian technology group is optimistic that the ban will be lifted soon and that the € 330m order will be fulfilled.

September 29, 2011

Voith Hydro Receives Major Order from Russia

The plant manufacturer was awarded a contract for modernization of a Russian hydro power station. Presence in the country will be expanded through a joint venture.

September 29, 2011

Kelag to Invest € 70m in Bosnia-Herzegovina

The Carinthian energy provider signed a contract on the expansion of the hydro power infrastructure in Republika Srpska.

September 29, 2011

Andritz to Supply Hydropower Equipment to Norway´s Statkraft

The Austrian Andritz Hydro has received a major order from Çetin Enerji A.S., a subsidiary of Norway's state owned electric utility company Statkraft,

September 21, 2011

Verbund Said to Seek € 750m Credit Line to Refinance

Verbund AG, Austria’s biggest power company, is seeking a € 750m ($ 1bn) revolving credit facility to refinance maturing debt, according to a person with knowledge of the deal.

September 20, 2011

AMSC Cuts Jobs in Austria

The Amercian Superconductor Corporation (AMSC) decided to cut 150 jobs at its subsidiary Windtec. In Austria, 40 positions are concerned.

September 13, 2011

CEE Economic Forum: Green Trends for Eastern Europe

In 2011, Forum Velden in Carinthia celebrates its 5th anniversary. Since its foundation in 2006, over 1.500 experts, top-managers and politicians from over 25 countries have participated in the Forum.

September 7, 2011

Ecowind Acquired by German BayWa

Europe’s largest agricultural trading company pays € 4.6m for a 90% stake in the Austrian project company.

August 23, 2011

BDI - BioEnergy Expands Bio Gas Plant Operations

The Styrian company raised EBT by 37.3% year-on-year despite lower sales. Bio gas plants already account for 24% of total orders on hand.

August 11, 2011

VKW with Declining Profits in the First Half of 2011

The regional energy company reported a drop in power generation due to the dry weather in the period from January to June.

August 3, 2011

Hypo Alpe Adria Sells Off German Biogas Plants

The Austrian nationalized bank pulls out of the biogas sector. Sale of its plants in Austria is planned for the second half of 2011.

August 2, 2011

BDI Increases Shareholding in Enbasys

The Styrian company listed at the Frankfurt Stock Exchange raised its stake in the bio gas specialist to 81%. Acquisition of the remaining shares is about to be completed.

July 29, 2011

Verbund’s Sorgenia Starts Eco-Subsidiary in Italy

Sorgenia Green is planning to invest € 500m in geothermal energy and hydro power projects in the next five years.

July 26, 2011

Blue Chip Energy Filed for Insolvency

The solar cell producer has abandoned production today. Asian investors are said to be interested in an acquisition of the Burgenland-based company.

July 21, 2011

EVN Expands in Bulgaria

The Austrian electricity company invested € 5m in the construction of a solar power station in Bulgaria and increased its stake in a joint venture project in the country.

July 21, 2011