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Thu, 28.07.2022
VERBUND AG
Geopolitical tensions, the ongoing war in Ukraine, record inflation and expectations of interest rate hikes continued to dominate the landscape in quarter 2/2022. The difficult economic climate caused significant distortion in Europe’s energy markets as well as sharp increases and volatility in energy prices. Changes in gas supply volumes and a [ … ]
Thu, 12.05.2022
VERBUND AG
Prices for primary energy in the international procurement markets had already rocketed in 2021. This trend was exacerbated by the outbreak of the war in Ukraine in late February 2022. Supply shortages and low stocks in Europe coupled with high demand were especially noticeable in the development of gas prices. The uncertainty around gas deliveries [ … ]
Mon, 09.05.2022
VERBUND AG
VERBUND AG hereby announces the acquisition of a regulated and operational PV portfolio in Spain, with a total installed capacity of 82 MWp. Furthermore, the acquisition also includes an extensive development platform (wind and PV), together with its development team. Approximately 2,100 MW of this platform is at an advanced stage of project develo [ … ]
Thu, 17.03.2022
VERBUND AG
The VERBUND Group delivered a very strong performance in 2021. The financial year was marked by a huge rise in wholesale electricity prices in Europe, which are a key value driver for VERBUND's performance. This trend can be attributed to two main factors. First, the strong commitment of the EU member states to achieving comprehensive decarbonisati [ … ]
Wed, 09.03.2022
VERBUND AG
VERBUND AG announces the acquisition of 70% of four wind farms and one photovoltaic plant developed by Capital Energy in Spain. The four wind and one PV project companies, respectively, will have a total capacity of 171 MW and will consist of four windfarms totalling to 151 MW, as well as one solar plant with an installed capacity of 20 MWp. The pr [ … ]
Mon, 29.11.2021
VERBUND AG
VERBUND AG has acquired the Illora solar project in Southern Spain from BayWa r.e. The Illora solar park is located in Pinos Puente close to Granada. The park is divided into three photovoltaic blocks with a planned total capacity of 147.6 MWp. Illora will produce approximately 260 GWh of green electricity per year. Construction of the solar park c [ … ]
Thu, 04.11.2021
VERBUND AG
The energy market environment for the development of our business continued to present a very positive picture in the reporting period. Prices for primary energy sources in particular rose sharply in quarters 1-3/2021. Below-average gas storage inventories, unfavourable weather conditions and interruptions to supply in an environment in which deman [ … ]
Wed, 27.10.2021
VERBUND AG
The postponement of the 75th Annual General Meeting of VERBUND AG to Monday, 25 April 2022 has also led to changes in the corresponding dates.
The Annual General Meeting will be convened in due time in accordance with the Austrian Stock Corporation Code (Aktiengesetz, AktG) and the Articles of Association.
Please find the updated capital market c [ … ]
Thu, 29.07.2021
VERBUND AG
The Group turned in a very satisfactory business performance in quarters 1-2/2021. The energy market environment continued to improve apace, and particularly prices for European CO2 emission rights, which are crucial for the switch from carbon-intensive coal-fired power generation to lower-carbon gas-fired power generation, and the prices for prima [ … ]
Wed, 12.05.2021
VERBUND AG
The energy market environment, which is vitally important for our business, continued to improve in recent months in spite of the COVID-19 crisis. Wholesale electricity prices, one of the main value drivers of VERBUND's business performance, increased on the back of rising prices for CO2 emission rights, which are being pushed up by the strong comm [ … ]