ISIN:AT0000746409

EQS-News: VERBUND AG: 2023 annual results: VERBUND posts encouraging business performance in 2023

Retrieved on: 
Mittwoch, April 10, 2024
Electricity, Annual, AG, Environment, Grid, Research, Economic development, Wind, Kilowatt-hour, Optimism, Power, Renewable energy

In addition, rising inflation combined with repeated interest rate hikes and a slowdown in economic growth weighed on performance in the sector and VERBUND’s own performance.

Key Points: 
  • In addition, rising inflation combined with repeated interest rate hikes and a slowdown in economic growth weighed on performance in the sector and VERBUND’s own performance.
  • Generation from the annual storage power plants was up 9.6% year-on-year in 2023.
  • A dividend of €4.15 per share for financial year 2023 will be proposed to the Annual General Meeting on 30 April 2024.
  • The one-off special dividend will allow shareholders to participate in the Group’s extraordinarily positive business performance for financial year 2023 by means of a higher payout.

EQS-News: VERBUND AG: Results for quarters 1–3/2023: Strong income trend with improved outlook for 2023

Retrieved on: 
Dienstag, November 7, 2023
Grid, Water supply, EBITDA, Power, Wind, Electricity, Acquisition, Kilowatt-hour, Investment, AG, Renewable energy

A key component of the shift to an essentially carbon-free energy system is large-scale expansion of electricity generation from photovoltaic and wind power as well as hydropower.

Key Points: 
  • A key component of the shift to an essentially carbon-free energy system is large-scale expansion of electricity generation from photovoltaic and wind power as well as hydropower.
  • VERBUND has earmarked around €15bn for investment over the coming decade so that it can advance decarbonisation efforts and continue to guarantee security of supply in Austria.
  • Generation from the annual storage power plants rose by 7.1% in quarters 1–3/2023 compared with the prior-year reporting period.
  • VERBUND’s planned payout ratio for financial year 2023 is between 45% and 55% of the Group result of between around €2,270m and €2,470m, after adjusting for non-recurring effects.

EQS-News: VERBUND AG: Acquisition of a 56.4 MW wind portfolio in Germany

Retrieved on: 
Donnerstag, Oktober 26, 2023
Rhineland-Palatinate, Farm, Enercon, Wind, Acquisition, Electricity, General Electric, Plant, Frielendorf, Impax Asset Management Group, EEG, Renewable energy, Vestas

VERBUND AG hereby announces the acquisition of a 56.4 MW wind portfolio in Germany’s federal states of Hesse, North Rhine-Westphalia and Lower Saxony.

Key Points: 
  • VERBUND AG hereby announces the acquisition of a 56.4 MW wind portfolio in Germany’s federal states of Hesse, North Rhine-Westphalia and Lower Saxony.
  • The wind portfolio comprises five operational wind farms with a total capacity of 38.4 MW (Oedelum, Quelkhorn, Mariengarten, Münster and Frielendorf Süd) as well as a 18 MW wind project in Feldatal that is planned to come on stream in quarter 3/2024.
  • VERBUND’s 2030 strategy is to significantly expand solar and wind power so that around 20–25% of its total electricity is generated from photovoltaic systems and onshore wind power plants by 2030.
  • The current acquisition is another step towards achieving this target and, along with the existing wind power plants in Rhineland-Palatinate with a total capacity of 86 MW, will enable VERBUND to expand its position in its extended home market of Germany.

EQS-News: VERBUND AG: Results for quarters 1–2/2023: strong income trend in the first half of 2023

Retrieved on: 
Donnerstag, Juli 27, 2023
Power, Electricity, AG, PV, Wind, Plant, EBITDA, Acquisition, EIA, Kilowatt-hour, Renewable energy

Towards the end of 2022, the situation in the energy markets began to ease slightly, continuing to do so in quarters 1–2/2023.

Key Points: 
  • Towards the end of 2022, the situation in the energy markets began to ease slightly, continuing to do so in quarters 1–2/2023.
  • In the first half of 2023, wholesale gas prices fell significantly compared with the previous year.
  • Within the three focus areas of Mission V, VERBUND’s long-term comprehensive transformation programme, VERBUND achieved further milestones in quarters 1–2/2023 in the Hydro, New renewables and Grid area.
  • The hydropower plant projects under construction to boost our renewable electricity generation (Reißeck II plus, Limberg III and Gratkorn) are proceeding as planned.

EQS-News: VERBUND AG: Acquisition of operative wind power plants in Spain with a capacity of 257 MW and potential for hybridisation and repowering

Retrieved on: 
Dienstag, Juli 25, 2023
Wind, Hydrogen, Acquisition, Renewable energy

VERBUND AG hereby announces the acquisition of operative wind power plants in Spain with a total capacity of 257 MW and potential for hybridisation and repowering from EDP Renewables Europe, S.L.U.

Key Points: 
  • VERBUND AG hereby announces the acquisition of operative wind power plants in Spain with a total capacity of 257 MW and potential for hybridisation and repowering from EDP Renewables Europe, S.L.U.
  • The two companies hold nine wind portfolios with a total installed capacity of 257 MW sited at various locations in Spain.
  • In Spain, good wind sites with available grid connections for developing new greenfield projects are rare.
  • There is currently great demand in the market for combined wind/solar profiles; these are also more advantageous for potential hydrogen production.