317:, 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.
513:, 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.
841:, 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.
1166:
1077:
310:
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.
1091:
790:, 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.
850:
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.
1105:
525:. 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
38:
358:) 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
755:
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
309:
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
305:
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
300:
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
720:
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
391:
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,
849:
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
416:
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
768:
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
424:
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
828:
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
529:
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.
777:
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
395:
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
400:. 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
425:
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.
1127:
837:
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
563:
1311:
1046:
1321:
320:
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
1316:
952:
1022:
769:
2009, Verbund had been supplying some 220,000 end customers with electricity, which makes Verbund the fifth largest end customer provider in Austria.
521:
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
756:
is conducted on all major European stock exchanges. Moreover, utilities and industrial large customers are supplied with energy; green energy and CO
1154:
878:
1255:
1132:
882:
273:'s largest electricity provider. Verbund covers around 40 percent of electricity demands in Austria and generates 90 percent thereof from
1306:
175:
542:, Hollern and Petronell-Carnuntum, with a total installed capacity of 49 MW. Further wind farms are planned or in construction in
417:(APG) is responsible for the technical management of control area APG, which includes all Austrian federal provinces except
392:
the backtransaction of virtually all leasing transactions was decided and, for the major part, implemented that same year.
1245:
904:
1147:
985:"Voluntary disclosure and adverse selection: Bayesian game theoretical inference for green bond labelling regimes"
962:
278:
141:
313:
The most significant break in Verbund's history occurred in 1995 – this was the year that Austria entered the
301:
grid. At the same time, special purpose vehicles (SPVs) were established to promote the construction of large
1235:
932:
113:
1275:
1140:
137:
1170:
421:; although there are specific plans of transferring the operation of the grid in Vorarlberg to Verbund.
286:
282:
378:
337:
984:
927:
816:
539:
321:
348:
48:
721:
Euro, an EBIT of more than 1.1 billion Euro and a group result of just under 686 million Euro.
1004:
802:
145:
125:
383:
1110:
996:
922:
289:, the key index of Austrian stock-listed companies. The largest shareholder, at 51%, is the
220:
153:
795:
359:
342:
838:
62:
1082:
957:
526:
314:
76:
1300:
1096:
502:
333:
325:
56:
277:. In addition, Verbund operates the supraregional power grid through its subsidiary
1285:
1230:
1047:"If Carlsberg did green bonds: curating a gold standard in green debt architecture"
786:, Verbund holds a 44.8 percent share in energy provider Poweo, founded in 2004. In
494:
1280:
1270:
1210:
401:
274:
1000:
353:
1225:
1220:
1205:
1185:
1072:
418:
302:
190:
66:
1008:
1215:
1090:
779:
737:
506:
493:
originates from hydropower. Verbund operates 20 storage power plants and 88
329:
149:
17:
809:
543:
498:
121:
1200:
1190:
1174:
1165:
731:
547:
538:
Since 2009, Verbund has been operating three wind farms in Austria, in
522:
490:
397:
290:
270:
98:
408:
and, hence, advanced to fourth largest hydropower producer in Europe.
1250:
829:
Service GmbH, Verbund Telekom GmbH and Verbund Renewable Power GmbH.
787:
783:
510:
497:
plants in Austria; these plants are located in the alpine regions of
94:
364:
37:
1260:
1195:
551:
205:
428:
Currently (2010) the APG high voltage grid measures as follows:
405:
163:
1136:
1120:
250:
1240:
1023:"Rare ESG Debt Format Endorsed as Key to Dodging Greenwashing"
743:> 5% TIWAG (regional energy supplier of the state of Tyrol)
575:
923:"Verbund 2Q Net Pft -26%,Below Consensus; Shrs Down"
564:
List of European power companies by carbon intensity
246:
233:
218:
203:
188:
173:
159:
133:
104:
90:
82:
72:
54:
44:
1148:
1128:Vienna Stock Exchange: Market Data Verbund AG
306:electricity had to be imported from 1965 on.
8:
554:, Verbund operates two photovoltaic plants.
371:
30:
267:Österreichische Elektrizitätswirtschafts-AG
1155:
1141:
1133:
989:International Review of Financial Analysis
567:
29:
373:Kärntner Elektrizitäts-Aktiengesellschaft
873:
871:
869:
867:
865:
863:
430:
859:
1322:Companies in the Austrian Traded Index
1256:Schoeller-Bleckmann Oilfield Equipment
921:Hansen, Flemming Emil (28 July 2009).
782:in 1999 under the name of Energia. In
7:
1312:Companies listed on the Wiener Börse
1317:Electric power companies of Austria
489:Close to 90% of Verbund energy in
25:
1164:
1103:
1089:
1075:
953:"Company Overview of VERBUND AG"
36:
845:Green and sustainability notes
773:Participating/equity interests
281:. Verbund AG is listed on the
1:
1246:Raiffeisen Bank International
716:Business divisions and ratios
437:Length of transmission lines
983:Henide, Karim (2022-10-01).
347:(including energy provider
1338:
1001:10.1016/j.irfa.2022.102248
561:
1307:Companies based in Vienna
1181:
881:. Verbund. Archived from
760:certificates are traded.
35:
933:The Wall Street Journal
736:> 25% Syndicate of
372:
138:Electricity generation
740:and Wiener Stadtwerke
725:Shareholder structure
283:Vienna Stock Exchange
1236:Österreichische Post
879:"Annual Report 2022"
404:from energy company
291:Republic of Austria.
261:, formerly known as
1231:Mayr-Melnhof Karton
1051:LSE Business Review
928:Dow Jones Newswires
746:< 20% free float
540:Bruck an der Leitha
263:Verbundgesellschaft
235:Number of employees
32:
336:), as well as the
118:, Martin Ohneberg
49:Aktiengesellschaft
1294:
1293:
1276:Wiener Städtische
1027:www.bloomberg.com
833:Other information
708:
707:
480:Business segments
477:
476:
379:STEWEAG-STEG GmbH
338:Wiener Stadtwerke
256:
255:
242:
229:
214:
199:
184:
169:
129:
126:supervisory board
117:
16:(Redirected from
1329:
1169:
1168:
1157:
1150:
1143:
1134:
1124:
1123:
1121:Official website
1113:
1111:Companies portal
1108:
1107:
1106:
1099:
1094:
1093:
1085:
1080:
1079:
1078:
1062:
1061:
1059:
1058:
1043:
1037:
1036:
1034:
1033:
1019:
1013:
1012:
980:
974:
973:
971:
970:
961:. Archived from
949:
943:
942:
940:
939:
918:
912:
911:
909:
901:
895:
894:
892:
890:
885:on 19 April 2011
875:
730:51% Republic of
568:
558:Carbon intensity
431:
387:
375:
368:
357:
346:
240:
227:
223:
212:
211:€19.157 billion
208:
197:
182:
176:Operating income
167:
154:renewable energy
119:
111:
40:
33:
27:Austrian company
21:
1337:
1336:
1332:
1331:
1330:
1328:
1327:
1326:
1297:
1296:
1295:
1290:
1177:
1163:
1161:
1119:
1118:
1109:
1104:
1102:
1095:
1088:
1081:
1076:
1074:
1071:
1066:
1065:
1056:
1054:
1045:
1044:
1040:
1031:
1029:
1021:
1020:
1016:
982:
981:
977:
968:
966:
951:
950:
946:
937:
935:
920:
919:
915:
907:
903:
902:
898:
888:
886:
877:
876:
861:
856:
847:
839:Caritas Austria
835:
826:
775:
766:
759:
753:
727:
718:
713:
711:Group structure
591:
584:
581:Emission (Gt CO
566:
560:
536:
519:
487:
482:
440:System length
414:
381:
362:
351:
340:
298:
251:www.verbund.com
241:(average, 2022)
236:
226:€8.323 billion
219:
204:
196:€1.717 billion
193:
181:€2.626 billion
178:
166:10.346 billion
110:Michael Strugl
107:
59:
28:
23:
22:
15:
12:
11:
5:
1335:
1333:
1325:
1324:
1319:
1314:
1309:
1299:
1298:
1292:
1291:
1289:
1288:
1283:
1278:
1273:
1268:
1263:
1258:
1253:
1248:
1243:
1238:
1233:
1228:
1223:
1218:
1213:
1208:
1203:
1198:
1193:
1188:
1182:
1179:
1178:
1162:
1160:
1159:
1152:
1145:
1137:
1131:
1130:
1125:
1115:
1114:
1100:
1086:
1083:Austria portal
1070:
1069:External links
1067:
1064:
1063:
1038:
1014:
975:
958:Bloomberg News
944:
913:
896:
858:
857:
855:
852:
846:
843:
834:
831:
825:
822:
821:
820:
813:
806:
799:
774:
771:
765:
762:
757:
752:
749:
748:
747:
744:
741:
734:
726:
723:
717:
714:
712:
709:
706:
705:
702:
699:
696:
692:
691:
688:
685:
682:
678:
677:
674:
671:
668:
664:
663:
660:
657:
654:
650:
649:
646:
643:
640:
636:
635:
632:
629:
626:
622:
621:
618:
615:
612:
608:
607:
604:
601:
598:
594:
593:
589:
586:
582:
579:
572:
559:
556:
535:
532:
527:combined cycle
518:
515:
486:
483:
481:
478:
475:
474:
471:
468:
464:
463:
460:
457:
453:
452:
449:
446:
442:
441:
438:
435:
413:
412:Infrastructure
410:
315:European Union
297:
294:
254:
253:
248:
244:
243:
237:
234:
231:
230:
224:
216:
215:
209:
201:
200:
194:
189:
186:
185:
179:
174:
171:
170:
161:
157:
156:
135:
131:
130:
108:
105:
102:
101:
92:
88:
87:
84:
80:
79:
74:
70:
69:
60:
55:
52:
51:
46:
42:
41:
26:
24:
14:
13:
10:
9:
6:
4:
3:
2:
1334:
1323:
1320:
1318:
1315:
1313:
1310:
1308:
1305:
1304:
1302:
1287:
1284:
1282:
1279:
1277:
1274:
1272:
1269:
1267:
1264:
1262:
1259:
1257:
1254:
1252:
1249:
1247:
1244:
1242:
1239:
1237:
1234:
1232:
1229:
1227:
1224:
1222:
1219:
1217:
1214:
1212:
1209:
1207:
1204:
1202:
1199:
1197:
1194:
1192:
1189:
1187:
1184:
1183:
1180:
1176:
1173:companies of
1172:
1167:
1158:
1153:
1151:
1146:
1144:
1139:
1138:
1135:
1129:
1126:
1122:
1117:
1116:
1112:
1101:
1098:
1097:Energy portal
1092:
1087:
1084:
1073:
1068:
1052:
1048:
1042:
1039:
1028:
1024:
1018:
1015:
1010:
1006:
1002:
998:
994:
990:
986:
979:
976:
965:on 2018-01-06
964:
960:
959:
954:
948:
945:
934:
930:
929:
924:
917:
914:
906:
900:
897:
884:
880:
874:
872:
870:
868:
866:
864:
860:
853:
851:
844:
842:
840:
832:
830:
823:
818:
817:Energji Ashta
814:
811:
807:
804:
800:
797:
793:
792:
791:
789:
785:
781:
772:
770:
763:
761:
750:
745:
742:
739:
735:
733:
729:
728:
724:
722:
715:
710:
703:
700:
697:
694:
693:
689:
686:
683:
680:
679:
675:
672:
669:
666:
665:
661:
658:
655:
652:
651:
647:
644:
641:
638:
637:
633:
630:
627:
624:
623:
619:
616:
613:
610:
609:
605:
602:
599:
596:
595:
587:
580:
577:
573:
570:
569:
565:
557:
555:
553:
549:
545:
541:
533:
531:
528:
524:
517:Thermal power
516:
514:
512:
508:
504:
500:
496:
492:
484:
479:
472:
469:
466:
465:
461:
458:
455:
454:
450:
447:
444:
443:
439:
436:
433:
432:
429:
426:
422:
420:
411:
409:
407:
403:
399:
393:
389:
385:
380:
376:
374:
366:
361:
355:
350:
344:
339:
335:
334:Lower Austria
331:
327:
323:
318:
316:
311:
307:
304:
295:
293:
292:
288:
284:
280:
276:
272:
268:
264:
260:
252:
249:
245:
238:
232:
225:
222:
217:
210:
207:
202:
195:
192:
187:
180:
177:
172:
165:
162:
158:
155:
151:
147:
143:
139:
136:
132:
127:
123:
115:
109:
103:
100:
96:
93:
89:
85:
81:
78:
75:
71:
68:
64:
61:
58:
53:
50:
47:
43:
39:
34:
19:
1286:Wienerberger
1265:
1055:. Retrieved
1053:. 2022-05-30
1050:
1041:
1030:. Retrieved
1026:
1017:
992:
988:
978:
967:. Retrieved
963:the original
956:
947:
936:. Retrieved
926:
916:
899:
887:. Retrieved
883:the original
848:
836:
827:
824:Subsidiaries
776:
767:
754:
719:
574:Production (
537:
520:
495:run-of-river
488:
427:
423:
415:
394:
390:
370:
319:
312:
308:
299:
266:
262:
258:
257:
221:Total equity
206:Total assets
142:distribution
91:Headquarters
45:Company type
1281:Voestalpine
1271:voestalpine
1211:Erste Group
1206:Do & Co
382: [
363: [
352: [
349:WienEnergie
341: [
285:and in the
275:hydro power
1301:Categories
1221:Immofinanz
1057:2022-10-25
1032:2022-10-25
995:: 102248.
969:2018-01-05
938:2009-10-17
854:References
562:See also:
534:Wind power
485:Hydropower
419:Vorarlberg
303:hydropower
259:Verbund AG
191:Net income
106:Key people
31:Verbund AG
18:Verbund AG
1216:EVN Group
1009:1057-5219
905:"Verbund"
889:28 August
819:, Albania
780:CIR Group
507:Carinthia
402:river Inn
150:wholesale
77:Utilities
57:Traded as
1191:AT&S
812:, Turkey
810:EnerjiSA
803:Sorgenia
798:, France
544:Bulgaria
499:Salzburg
434:Voltage
134:Products
122:Chairman
73:Industry
1266:Verbund
1226:Lenzing
1201:CA Immo
1186:Andritz
1175:Austria
805:, Italy
751:Trading
732:Austria
548:Romania
523:Austria
491:Austria
398:Austria
296:History
271:Austria
247:Website
160:Revenue
146:trading
124:of the
99:Austria
83:Founded
65::
1251:S IMMO
1007:
788:Turkey
784:France
511:Styria
473:1,232
462:3,313
459:1,661
451:2,218
448:1,104
377:) and
328:) and
239:3,516
228:(2022)
213:(2022)
198:(2022)
183:(2022)
168:(2022)
95:Vienna
1261:Uniqa
1196:BAWAG
908:(PDF)
815:100%
796:Poweo
764:Sales
701:2.21
695:2009
687:2.89
681:2008
673:3.41
667:2007
653:2006
645:3.81
639:2005
631:4.44
625:2004
611:2003
603:3.65
597:2002
592:/MWh
588:kg CO
571:Year
552:Spain
550:. In
503:Tyrol
386:]
367:]
360:Kelag
356:]
345:]
326:Tyrol
322:TIWAG
269:, is
1005:ISSN
891:2022
808:50%
801:45%
794:46%
690:101
676:120
662:132
659:3.7
648:131
634:149
620:178
606:105
546:and
509:and
470:706
467:110
456:220
445:380
406:E.ON
148:and
86:1947
63:WBAG
1241:OMV
1171:ATX
997:doi
738:EVN
704:74
698:30
684:29
670:28
656:28
642:29
628:30
614:28
600:35
576:TWh
330:EVN
287:ATX
279:APG
265:or
114:CEO
67:VER
1303::
1049:.
1025:.
1003:.
993:83
991:.
987:.
955:.
931:.
925:.
862:^
617:5
585:)
578:)
505:,
501:,
388:.
384:de
365:de
354:de
343:de
152:,
144:,
140:,
97:,
1156:e
1149:t
1142:v
1060:.
1035:.
1011:.
999::
972:.
941:.
910:.
893:.
758:2
590:2
583:2
369:(
332:(
324:(
164:€
128:)
120:(
116:)
112:(
20:)
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