VERBUND AG
Associated tags: Republic, Wiener Börse, Orientation, EBITDA, Electricity, Renewable energy, Wind
Locations: EUROPE, UAE, ÖSTERREICH, GERMANY
EQS-News: VERBUND AG: Results for quarters 1–3/2023: Strong income trend with improved outlook for 2023
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.
- 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: Akquisition eines 56,4 MW Windportfolios in Deutschland
EQS-News: VERBUND AG: Acquisition of a 56.4 MW wind portfolio in Germany
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.
- 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
Towards the end of 2022, the situation in the energy markets began to ease slightly, continuing to do so in quarters 1–2/2023.
- 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: Ergebnis Quartale 1–2/2023: Gute Ergebnisentwicklung im ersten Halbjahr 2023
EQS-News: VERBUND AG: Akquisition operativer Windkraftanlagen im Ausmaß von 257 MW mit Hybridisierungs- und Repoweringpotenzial in Spanien
EQS-News: VERBUND AG: Acquisition of operative wind power plants in Spain with a capacity of 257 MW and potential for hybridisation and repowering
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.
- 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.
EQS-News: VERBUND AG: Results for quarter 1/2023: strong income trend despite lower water supply
The situation in the energy markets eased slightly in quarter 1/2023, continuing the trend that had begun at the end of 2022.
- The situation in the energy markets eased slightly in quarter 1/2023, continuing the trend that had begun at the end of 2022.
- By driving the development of new renewables in Europe, VERBUND will also help reduce reliance on fossil fuels in the medium term and contribute to a climate-neutral Europe.
- Implementation of the wind and photovoltaic projects in Spain as well as the other projects in the international markets were further expedited in quarter 1/2023.
- Green hydrogen is an important contributor to the energy transition and a pioneering field in which VERBUND will play a vital role.