306:, which, one year later, launched the deregulation of the electricity market. In order to better prepare for this complete opening, Verbund concentrated on the core business of electricity and restructured the Group, a result of which was the fact that the activities were consolidated in a strategic holding company with the business divisions of generation, trade, transmission and equity interests. EU regulations required unbundling of generation and transmission of power as stipulated by company law. At the same time, the company promoted its international activities, beginning with Germany in 1999. Also, by 2003, more than half of the personnel had been let go without notice.
502:, as well as along all major rivers such as the Inn, Danube, Enns and Drau rivers. Verbund's total installed capacity in hydropower plants is 6,600 megawatt; average annual generation is 24.8 billion kWh altogether. In mid-2009, as a result of Verbund's acquisition of 13 run-of-river plants on the river Inn in Bavaria, Germany, power generation rose by 7%; together, the Bavarian Inn power plants have a peak capacity of 312 megawatt and an annual generation of 1.85 billion kW hours.
830:, launched an electric assistance fund, which is fed with 1 Euro per private customer per year. This fund is intended to support people with below-average incomes by way of interim financial assistance, as well as energy consultations. 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.
1155:
1066:
299:
the shares of the
Republic of Austria in the special purpose vehicles (Österreichische Donaukraftwerke AG, Österreichische Draukraftwerke AG, Tauernkraftwerke AG, Verbundkraft Elektrizitätswerke GmbH, Ennskraftwerke AG, Donaukraftwerk Jochenstein AG and Österreichisch-Bayerische Kraftwerke AG). In 1988, Verbund was partially deregulated by going public, at which point 49% of the shares were sold.
1080:
779:, Verbund has had a 50 percent share in energy provider EnerjiSA since 2007, established in 1996 by Sabanci Holding, which holds the remaining 50 percent. Since 2008, all of Verbund's foreign equity interests and projects are bundled in Verbund-International GmbH. Verbund's domestic interests, as in KELAG, for example, are administered by the Group Holding company.
839:
investors to target funding towards environmentally-friendly projects while incentivising issuers to ensure institution-level sustainability alignment. Some researchers have argued that, when sufficiently calibrated, green sustainability linkers can be a gold standard in green debt architecture, credibly tethering issuers to a science-aligned transition path.
1094:
514:. Annual generation amounts to approx. 4 billion kWh of electricity and 900 million kWh of heat. 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. Together, they have an installed capacity of 815 megawatt. Currently, a new
27:
347:) increasingly acquired shares in Verbund. Currently these three companies, the majority share of each of which is also in public hands, own more than 25%. Verbund itself participated in EVN in form of a joint venture, however, discontinued this share package in 2003. Important participating interests in Austria today are
744:
Within the
Verbund Group, electricity trading constitutes the interface between generation, sales and wholesale market. More than half of the power sales are executed abroad, outside Austria. Verbund is active in more than 20 countries, the largest sales markets being Germany, France and Italy. Trade
298:
Initially, Verbund - pursuant to prevailing legal principles - was one hundred percent nationalized. In mid-1987, the second nationalization act was amended to the extent that
Verbund could be partially privatized, as long as 51 percent remained in government hands. At the same time, Verbund acquired
294:
and thermal power plants. The shares of the
Republic of Austria in these special purpose vehicles were held by Verbund as a trustee. In 1955 it was once more possible to meet electricity requirements entirely using own domestic resources. However, as a result of the rapid economic growth, additional
289:
1947 saw the establishment of
Verbund as "Österreichische Elektrizitätswirtschafts-AG" through the second nationalization act. In the post-war years, the company's most urgent task was the planning, construction and operation of large power plants as well as the operation of the supraregional power
709:
Verbund has business relations in more than 20 countries, as well as 13 offices and/or equity interests throughout Europe and one in Turkey. In fiscal 2008, Verbund recorded the best result of its history so far: with around 2,500 employees, the company achieved a turnover of more than 3.7 billion
380:
In order to finance the restructuring and expansion of the
Verbund Group, eight Austrian Danube power plants, among others, were leased in the period from 1997 to 2000 as part of a cross-border leasing agreement with an American financial company and leased back without property transfer. In 2009,
838:
On 1 April 2021, Verbund came to market with EUR 500 million in 20-year ‘green and sustainability-linked notes’ (often colloqusalised: 'green sustainability linkers'), a synthesis of a green and sustainability-linked bond and one of few in the market. The expectation is that this structure allows
405:
Austrian Power Grid AG, a 100% subsidiary of
Verbund AG, disposes of the largest and strongest high-voltage grid in Austria comprising the voltage levels 380 kV with the 380 kV high-voltage ring, as well as the 220 kV and 110 kV levels and several grid facilities. Moreover, Austrian Power Grid AG
757:
Effective July 2005, Verbund has been active in the area of direct power sales on the deregulated
Austrian market. 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%). By the end of
413:
With a transmission route length of 3,471 km and the corresponding transmission lines measuring a total length of 6,763 km, APG's transmission grid forms the backbone for
Austrian electricity supply, guaranteeing the energy exchange between suppliers and consumers both at supraregional
817:
Verbund AG has a majority share in
Verbund Hydro Power AG (80,34%), as well as in Verbund Thermal Power GmbH & Co KG (55,66%). Various subsidiaries are wholly owned; this includes Austrian Power Grid AG, Verbund Trading AG, Verbund Sales GmbH, Verbund International GmbH, Verbund Management
518:
gas turbine power plant is being erected at Mellach, scheduled for completion by 2011, with an electrical peak capacity of 832 megawatt and a thermal peak capacity of 250 megawatt. The annual output will be approx. 5 billion kWh of electricity and 800 million kWh of district heating.
766:
Verbund is actively involved in the major electricity markets of Europe and Turkey, mainly in connection with local partners. In Italy, Verbund has a 44.8 percent share in the power company Sorgenia, which was founded as a joint venture with the
384:
In mid-2005, Verbund established the business division of Sales and became active in Austria's end customer market selling electricity. Within but a few years, the company had advanced to the fifth largest end customer provider in
389:. 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
414:
level throughout Austria and at international level and safeguarding the regular feeding of the distribution grids. Austrian Power Grid AG is de-concentrated from the Group in the sense of EU unbundling regulations.
1116:
826:
Since 2004, Verbund has had its own art collection, "Sammlung Verbund", consisting of contemporary international artworks from 1970 until today. In 2009, Verbund, together with
552:
1300:
1035:
1310:
309:
In the 1990s, Austria's energy industry became the setting for a large number of mutual participating interests; thus, for example, the provincial energy providers
1305:
941:
1011:
758:
2009, Verbund had been supplying some 220,000 end customers with electricity, which makes Verbund the fifth largest end customer provider in Austria.
510:
Verbund is also one of the largest producers of electricity in the area of thermal power, as well as one of the largest district heating providers in
745:
is conducted on all major European stock exchanges. Moreover, utilities and industrial large customers are supplied with energy; green energy and CO
1143:
867:
1244:
1121:
871:
262:'s largest electricity provider. Verbund covers around 40 percent of electricity demands in Austria and generates 90 percent thereof from
1295:
164:
531:, Hollern and Petronell-Carnuntum, with a total installed capacity of 49 MW. Further wind farms are planned or in construction in
406:(APG) is responsible for the technical management of control area APG, which includes all Austrian federal provinces except
381:
the backtransaction of virtually all leasing transactions was decided and, for the major part, implemented that same year.
1234:
893:
1136:
974:"Voluntary disclosure and adverse selection: Bayesian game theoretical inference for green bond labelling regimes"
951:
267:
130:
302:
The most significant break in Verbund's history occurred in 1995 – this was the year that Austria entered the
290:
grid. At the same time, special purpose vehicles (SPVs) were established to promote the construction of large
1224:
921:
102:
1264:
1129:
126:
1159:
410:; although there are specific plans of transferring the operation of the grid in Vorarlberg to Verbund.
275:
271:
367:
326:
973:
916:
805:
528:
310:
337:
37:
710:
Euro, an EBIT of more than 1.1 billion Euro and a group result of just under 686 million Euro.
993:
791:
134:
114:
372:
1099:
985:
911:
278:, the key index of Austrian stock-listed companies. The largest shareholder, at 51%, is the
209:
142:
784:
348:
331:
827:
51:
1071:
946:
515:
303:
65:
1289:
1085:
491:
322:
314:
45:
266:. In addition, Verbund operates the supraregional power grid through its subsidiary
1274:
1219:
1036:"If Carlsberg did green bonds: curating a gold standard in green debt architecture"
775:, Verbund holds a 44.8 percent share in energy provider Poweo, founded in 2004. In
483:
1269:
1259:
1199:
390:
263:
989:
342:
1214:
1209:
1194:
1174:
1061:
407:
291:
179:
55:
997:
1204:
1079:
768:
726:
495:
482:
originates from hydropower. Verbund operates 20 storage power plants and 88
318:
138:
798:
532:
487:
110:
1189:
1179:
1163:
1154:
720:
536:
527:
Since 2009, Verbund has been operating three wind farms in Austria, in
511:
479:
386:
279:
259:
87:
397:
and, hence, advanced to fourth largest hydropower producer in Europe.
1239:
818:
Service GmbH, Verbund Telekom GmbH and Verbund Renewable Power GmbH.
776:
772:
499:
486:
plants in Austria; these plants are located in the alpine regions of
83:
353:
26:
1249:
1184:
540:
194:
417:
Currently (2010) the APG high voltage grid measures as follows:
394:
152:
1125:
1109:
239:
1229:
1012:"Rare ESG Debt Format Endorsed as Key to Dodging Greenwashing"
732:> 5% TIWAG (regional energy supplier of the state of Tyrol)
564:
912:"Verbund 2Q Net Pft -26%,Below Consensus; Shrs Down"
553:
List of European power companies by carbon intensity
235:
222:
207:
192:
177:
162:
148:
122:
93:
79:
71:
61:
43:
33:
1137:
1117:Vienna Stock Exchange: Market Data Verbund AG
295:electricity had to be imported from 1965 on.
8:
543:, Verbund operates two photovoltaic plants.
360:
19:
256:Österreichische Elektrizitätswirtschafts-AG
1144:
1130:
1122:
978:International Review of Financial Analysis
556:
18:
362:Kärntner Elektrizitäts-Aktiengesellschaft
862:
860:
858:
856:
854:
852:
419:
848:
1311:Companies in the Austrian Traded Index
1245:Schoeller-Bleckmann Oilfield Equipment
910:Hansen, Flemming Emil (28 July 2009).
771:in 1999 under the name of Energia. In
7:
1301:Companies listed on the Wiener Börse
1306:Electric power companies of Austria
478:Close to 90% of Verbund energy in
14:
1153:
1092:
1078:
1064:
942:"Company Overview of VERBUND AG"
25:
834:Green and sustainability notes
762:Participating/equity interests
270:. Verbund AG is listed on the
1:
1235:Raiffeisen Bank International
705:Business divisions and ratios
426:Length of transmission lines
972:Henide, Karim (2022-10-01).
336:(including energy provider
1327:
990:10.1016/j.irfa.2022.102248
550:
1296:Companies based in Vienna
1170:
870:. Verbund. Archived from
749:certificates are traded.
24:
922:The Wall Street Journal
725:> 25% Syndicate of
361:
127:Electricity generation
729:and Wiener Stadtwerke
714:Shareholder structure
272:Vienna Stock Exchange
1225:Österreichische Post
868:"Annual Report 2022"
393:from energy company
280:Republic of Austria.
250:, formerly known as
1220:Mayr-Melnhof Karton
1040:LSE Business Review
917:Dow Jones Newswires
735:< 20% free float
529:Bruck an der Leitha
252:Verbundgesellschaft
224:Number of employees
21:
325:), as well as the
107:, Martin Ohneberg
38:Aktiengesellschaft
1283:
1282:
1265:Wiener Städtische
1016:www.bloomberg.com
822:Other information
697:
696:
469:Business segments
466:
465:
368:STEWEAG-STEG GmbH
327:Wiener Stadtwerke
245:
244:
231:
218:
203:
188:
173:
158:
118:
115:supervisory board
106:
1318:
1158:
1157:
1146:
1139:
1132:
1123:
1113:
1112:
1110:Official website
1102:
1100:Companies portal
1097:
1096:
1095:
1088:
1083:
1082:
1074:
1069:
1068:
1067:
1051:
1050:
1048:
1047:
1032:
1026:
1025:
1023:
1022:
1008:
1002:
1001:
969:
963:
962:
960:
959:
950:. Archived from
938:
932:
931:
929:
928:
907:
901:
900:
898:
890:
884:
883:
881:
879:
874:on 19 April 2011
864:
719:51% Republic of
557:
547:Carbon intensity
420:
376:
364:
357:
346:
335:
229:
216:
212:
201:
200:€19.157 billion
197:
186:
171:
165:Operating income
156:
143:renewable energy
108:
100:
29:
22:
16:Austrian company
1326:
1325:
1321:
1320:
1319:
1317:
1316:
1315:
1286:
1285:
1284:
1279:
1166:
1152:
1150:
1108:
1107:
1098:
1093:
1091:
1084:
1077:
1070:
1065:
1063:
1060:
1055:
1054:
1045:
1043:
1034:
1033:
1029:
1020:
1018:
1010:
1009:
1005:
971:
970:
966:
957:
955:
940:
939:
935:
926:
924:
909:
908:
904:
896:
892:
891:
887:
877:
875:
866:
865:
850:
845:
836:
828:Caritas Austria
824:
815:
764:
755:
748:
742:
716:
707:
702:
700:Group structure
580:
573:
570:Emission (Gt CO
555:
549:
525:
508:
476:
471:
429:System length
403:
370:
351:
340:
329:
287:
240:www.verbund.com
230:(average, 2022)
225:
215:€8.323 billion
208:
193:
185:€1.717 billion
182:
170:€2.626 billion
167:
155:10.346 billion
99:Michael Strugl
96:
48:
17:
12:
11:
5:
1324:
1322:
1314:
1313:
1308:
1303:
1298:
1288:
1287:
1281:
1280:
1278:
1277:
1272:
1267:
1262:
1257:
1252:
1247:
1242:
1237:
1232:
1227:
1222:
1217:
1212:
1207:
1202:
1197:
1192:
1187:
1182:
1177:
1171:
1168:
1167:
1151:
1149:
1148:
1141:
1134:
1126:
1120:
1119:
1114:
1104:
1103:
1089:
1075:
1072:Austria portal
1059:
1058:External links
1056:
1053:
1052:
1027:
1003:
964:
947:Bloomberg News
933:
902:
885:
847:
846:
844:
841:
835:
832:
823:
820:
814:
811:
810:
809:
802:
795:
788:
763:
760:
754:
751:
746:
741:
738:
737:
736:
733:
730:
723:
715:
712:
706:
703:
701:
698:
695:
694:
691:
688:
685:
681:
680:
677:
674:
671:
667:
666:
663:
660:
657:
653:
652:
649:
646:
643:
639:
638:
635:
632:
629:
625:
624:
621:
618:
615:
611:
610:
607:
604:
601:
597:
596:
593:
590:
587:
583:
582:
578:
575:
571:
568:
561:
548:
545:
524:
521:
516:combined cycle
507:
504:
475:
472:
470:
467:
464:
463:
460:
457:
453:
452:
449:
446:
442:
441:
438:
435:
431:
430:
427:
424:
402:
401:Infrastructure
399:
304:European Union
286:
283:
243:
242:
237:
233:
232:
226:
223:
220:
219:
213:
205:
204:
198:
190:
189:
183:
178:
175:
174:
168:
163:
160:
159:
150:
146:
145:
124:
120:
119:
97:
94:
91:
90:
81:
77:
76:
73:
69:
68:
63:
59:
58:
49:
44:
41:
40:
35:
31:
30:
15:
13:
10:
9:
6:
4:
3:
2:
1323:
1312:
1309:
1307:
1304:
1302:
1299:
1297:
1294:
1293:
1291:
1276:
1273:
1271:
1268:
1266:
1263:
1261:
1258:
1256:
1253:
1251:
1248:
1246:
1243:
1241:
1238:
1236:
1233:
1231:
1228:
1226:
1223:
1221:
1218:
1216:
1213:
1211:
1208:
1206:
1203:
1201:
1198:
1196:
1193:
1191:
1188:
1186:
1183:
1181:
1178:
1176:
1173:
1172:
1169:
1165:
1162:companies of
1161:
1156:
1147:
1142:
1140:
1135:
1133:
1128:
1127:
1124:
1118:
1115:
1111:
1106:
1105:
1101:
1090:
1087:
1086:Energy portal
1081:
1076:
1073:
1062:
1057:
1041:
1037:
1031:
1028:
1017:
1013:
1007:
1004:
999:
995:
991:
987:
983:
979:
975:
968:
965:
954:on 2018-01-06
953:
949:
948:
943:
937:
934:
923:
919:
918:
913:
906:
903:
895:
889:
886:
873:
869:
863:
861:
859:
857:
855:
853:
849:
842:
840:
833:
831:
829:
821:
819:
812:
807:
806:Energji Ashta
803:
800:
796:
793:
789:
786:
782:
781:
780:
778:
774:
770:
761:
759:
752:
750:
739:
734:
731:
728:
724:
722:
718:
717:
713:
711:
704:
699:
692:
689:
686:
683:
682:
678:
675:
672:
669:
668:
664:
661:
658:
655:
654:
650:
647:
644:
641:
640:
636:
633:
630:
627:
626:
622:
619:
616:
613:
612:
608:
605:
602:
599:
598:
594:
591:
588:
585:
584:
576:
569:
566:
562:
559:
558:
554:
546:
544:
542:
538:
534:
530:
522:
520:
517:
513:
506:Thermal power
505:
503:
501:
497:
493:
489:
485:
481:
473:
468:
461:
458:
455:
454:
450:
447:
444:
443:
439:
436:
433:
432:
428:
425:
422:
421:
418:
415:
411:
409:
400:
398:
396:
392:
388:
382:
378:
374:
369:
365:
363:
355:
350:
344:
339:
333:
328:
324:
323:Lower Austria
320:
316:
312:
307:
305:
300:
296:
293:
284:
282:
281:
277:
273:
269:
265:
261:
257:
253:
249:
241:
238:
234:
227:
221:
214:
211:
206:
199:
196:
191:
184:
181:
176:
169:
166:
161:
154:
151:
147:
144:
140:
136:
132:
128:
125:
121:
116:
112:
104:
98:
92:
89:
85:
82:
78:
74:
70:
67:
64:
60:
57:
53:
50:
47:
42:
39:
36:
32:
28:
23:
1275:Wienerberger
1254:
1044:. Retrieved
1042:. 2022-05-30
1039:
1030:
1019:. Retrieved
1015:
1006:
981:
977:
967:
956:. Retrieved
952:the original
945:
936:
925:. Retrieved
915:
905:
888:
876:. Retrieved
872:the original
837:
825:
816:
813:Subsidiaries
765:
756:
743:
708:
563:Production (
526:
509:
484:run-of-river
477:
416:
412:
404:
383:
379:
359:
308:
301:
297:
288:
255:
251:
247:
246:
210:Total equity
195:Total assets
131:distribution
80:Headquarters
34:Company type
1270:Voestalpine
1260:voestalpine
1200:Erste Group
1195:Do & Co
371: [
352: [
341: [
338:WienEnergie
330: [
274:and in the
264:hydro power
1290:Categories
1210:Immofinanz
1046:2022-10-25
1021:2022-10-25
984:: 102248.
958:2018-01-05
927:2009-10-17
843:References
551:See also:
523:Wind power
474:Hydropower
408:Vorarlberg
292:hydropower
248:Verbund AG
180:Net income
95:Key people
20:Verbund AG
1205:EVN Group
998:1057-5219
894:"Verbund"
878:28 August
808:, Albania
769:CIR Group
496:Carinthia
391:river Inn
139:wholesale
66:Utilities
46:Traded as
1180:AT&S
801:, Turkey
799:EnerjiSA
792:Sorgenia
787:, France
533:Bulgaria
488:Salzburg
423:Voltage
123:Products
111:Chairman
62:Industry
1255:Verbund
1215:Lenzing
1190:CA Immo
1175:Andritz
1164:Austria
794:, Italy
740:Trading
721:Austria
537:Romania
512:Austria
480:Austria
387:Austria
285:History
260:Austria
236:Website
149:Revenue
135:trading
113:of the
88:Austria
72:Founded
54::
1240:S IMMO
996:
777:Turkey
773:France
500:Styria
462:1,232
451:3,313
448:1,661
440:2,218
437:1,104
366:) and
317:) and
228:3,516
217:(2022)
202:(2022)
187:(2022)
172:(2022)
157:(2022)
84:Vienna
1250:Uniqa
1185:BAWAG
897:(PDF)
804:100%
785:Poweo
753:Sales
690:2.21
684:2009
676:2.89
670:2008
662:3.41
656:2007
642:2006
634:3.81
628:2005
620:4.44
614:2004
600:2003
592:3.65
586:2002
581:/MWh
577:kg CO
560:Year
541:Spain
539:. In
492:Tyrol
375:]
356:]
349:Kelag
345:]
334:]
315:Tyrol
311:TIWAG
258:, is
994:ISSN
880:2022
797:50%
790:45%
783:46%
679:101
665:120
651:132
648:3.7
637:131
623:149
609:178
595:105
535:and
498:and
459:706
456:110
445:220
434:380
395:E.ON
137:and
75:1947
52:WBAG
1230:OMV
1160:ATX
986:doi
727:EVN
693:74
687:30
673:29
659:28
645:28
631:29
617:30
603:28
589:35
565:TWh
319:EVN
276:ATX
268:APG
254:or
103:CEO
56:VER
1292::
1038:.
1014:.
992:.
982:83
980:.
976:.
944:.
920:.
914:.
851:^
606:5
574:)
567:)
494:,
490:,
377:.
373:de
354:de
343:de
332:de
141:,
133:,
129:,
86:,
1145:e
1138:t
1131:v
1049:.
1024:.
1000:.
988::
961:.
930:.
899:.
882:.
747:2
579:2
572:2
358:(
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153:€
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