Verbund

At the same time, special purpose vehicles (SPVs) were established to promote the construction of large hydropower and thermal power plants.In 2007, Verbund expanded its activities to include additional renewable energy sources and began to undertake large investments in especially wind power.In mid-2009, Verbund acquired a power plant chain on the Bavarian river Inn from energy company E.ON and, hence, advanced to fourth largest hydropower producer in Europe.Verbund's total installed capacity in hydropower plants is 6,600 megawatt; average annual generation is 24.8 billion kWh altogether.Three of altogether nine Verbund thermal power plants - with and without combined heat and power/cogeneration - are currently in operation: Dürnrohr, Mellach und Neudorf-Werndorf II.Since 2009, Verbund has been operating three wind farms in Austria, in Bruck an der Leitha, Hollern and Petronell-Carnuntum, with a total installed capacity of 49 MW.In addition to household and commercial customers, Verbund has also been supplying the Austrian industry since the beginning of 2006 with energy (market share of 25%).In Italy, Verbund has a 44.8 percent share in the power company Sorgenia, which was founded as a joint venture with the CIR Group in 1999 under the name of Energia.In 2009, Verbund, together with Caritas Austria, launched an electric assistance fund, which is fed with 1 Euro per private customer per year.The Verbund subsidiary VERBUND-Tourismus GmbH is the Group's "advertising agency", promoting its power plants as well as the adjacent areas (Kaprun, Maltatal, Zillertal) as attractive destinations for excursions.[5] The expectation is that this structure allows investors to target funding towards environmentally-friendly projects while incentivising issuers to ensure institution-level sustainability alignment.
AktiengesellschaftTraded asUtilitiesViennaAustriaChairmansupervisory boardElectricity generationdistributiontradingwholesalerenewable energyOperating incomeNet incomeTotal assetsTotal equityhydro powerVienna Stock ExchangeRepublic of Austria.hydropowerEuropean UnionLower Austriariver InnVorarlbergrun-of-riverSalzburgCarinthiaStyriacombined cycleBruck an der LeithaBulgariaRomaniaList of European power companies by carbon intensityCIR GroupFranceTurkeyEnerjiSACaritas AustriaDow Jones NewswiresThe Wall Street JournalBloomberg NewsAndritzAustrian PostCA ImmoDo & CoErste GroupEVN GroupImmofinanzLenzingMayr-Melnhof KartonRaiffeisen Bank InternationalS IMMOSchoeller-Bleckmann Oilfield EquipmentVoestalpineWiener StädtischeWienerberger