The unmistakeable impact of climate change could be felt yet again in quarter 3/2024, which was marked by extreme weather conditions. Parts of Austria saw localised flooding in September. At the same time, we experienced a hot, dry summer intensified by the exceptionally warm Adriatic Sea, prompting severe storms and extreme weather phenomena. In l [ … ]

As a leading Austrian energy company and one of the largest producers of hydroelectricity in Europe, VERBUND is committed to becoming climate neutral by 2040 and achieving net zero greenhouse gas emissions by 2050. With the Climate Transition Plan published today, VERBUND has set a clear path with measurable targets and actions to reduce greenhous [ … ]

VERBUND AG hereby announces the signing and closing of an acquisition of an approx. 110 MWp PV project portfolio in Central Italy (Lazio). The portfolio was sold by KE-RENINVESTMENT S.A., the Spanish holding company of the Turkish investor Kinesis Enerji.   The PV portfolio with a total capacity of approx. 110 MWp comprises two projects at advanc [ … ]

After a record year in 2023, VERBUND entered financial year 2024 as a strong, resilient and well-positioned company. However, the energy market was volatile in quarters 1–2/2024. In particular, the key value driver for VERBUND – the wholesale price for electricity – is fluctuating considerably. Overall, wholesale prices remain higher than before th [ … ]

VERBUND AG, Austria's leading utility company, has taken another step in its long-standing green finance strategy and successfully issued a green bond including biodiversity. The green bond including biodiversity for EUR 500 million with a term of 7 years was extremely well received by the investor community in a competitive environment and was the [ … ]

VERBUND AG, Austria's leading utility company, has taken another step in its long-standing green finance strategy and successfully issued a green bond including biodiversity. The green bond including biodiversity for EUR 500 million with a term of 7 years was extremely well received by the investor community in a competitive environment and was the [ … ]

Having posted the best result in its history last year, VERBUND can look back on an extremely successful 2023 and is starting 2024 strong, resilient and well-positioned. However, the energy market value drivers that are key to VERBUND’s earnings have deteriorated compared to the highs of 2022. The second half of 2023 saw another sharp fall in price [ … ]

The VERBUND Group’s strategic and economic development in 2023 took place in a highly complex environment that was impacted in no small measure by geopolitical turmoil and macro- and microeconomic factors, along with sector-specific developments and regulatory/political decisions. Overall, 2023 was a very successful year for our Group, and as a str [ … ]