Developer

Verbund AG

www.verbund.com

Total capacity of implemented projects

250 - 500 MW

Countries of projects presence

4

Verbund AG is an Austrian company that operates in the power generation sector and develops renewable energy projects. The company was founded in 1947 and is headquartered in Vienna, Austria. Verbund AG is one of the largest electricity companies in Europe and is the largest electricity producer in Austria. The company is publicly traded on the Vienna Stock Exchange and has a market capitalization of approximately €17 billion.

Verbund AG operates in three main segments: generation, trading and sales, and grid. The generation segment includes the company's power plants, which produce electricity from various sources, including hydro, wind, solar, and thermal. The trading and sales segment includes the company's activities in the wholesale and retail electricity markets. The grid segment includes the company's transmission and distribution networks.

The company's primary focus is on renewable energy, and it has set a goal to become carbon-neutral by 2050. Verbund AG has a portfolio of renewable energy projects that includes hydroelectric power plants, wind farms, and solar power plants. The company's hydroelectric power plants are located in Austria, Germany, and France and have a total capacity of approximately 5,000 MW. The company's wind farms are located in Austria, Germany, and Romania and have a total capacity of approximately 1,000 MW. The company's solar power plants are located in Austria and have a total capacity of approximately 50 MW.

Verbund AG is also involved in research and development activities related to renewable energy. The company has a research and development center in Austria, where it conducts research on new technologies and processes related to renewable energy. The company is also involved in several research projects in partnership with universities and other research institutions.

In addition to its renewable energy projects, Verbund AG also operates several thermal power plants, which produce electricity from fossil fuels. The company's thermal power plants are located in Austria and Germany and have a total capacity of approximately 2,000 MW. While the company is committed to reducing its reliance on fossil fuels, it recognizes the importance of thermal power plants in providing a reliable source of electricity.

Verbund AG is committed to sustainability and has implemented several initiatives to reduce its environmental impact. The company has set a goal to reduce its greenhouse gas emissions by 70% by 2025, compared to 2015 levels. The company has also implemented energy efficiency measures in its operations, such as the use of energy-efficient lighting and heating systems.

In addition to its focus on sustainability, Verbund AG is also committed to social responsibility. The company has implemented several initiatives to support the communities in which it operates. For example, the company has established a foundation that supports projects related to education, culture, and the environment. The company also supports local sports clubs and cultural events.

Verbund AG has a strong financial position, with a solid balance sheet and a strong cash flow. The company has a dividend policy that aims to distribute 50% of its net profit to shareholders. The company's dividend yield is currently around 3%.

In conclusion, Verbund AG is a leading electricity company in Europe that operates in the power generation sector and develops renewable energy projects. The company's primary focus is on renewable energy, and it has set a goal to become carbon-neutral by 2050. The company has a portfolio of renewable energy projects that includes hydroelectric power plants, wind farms, and solar power plants. The company is also involved in research and development activities related to renewable energy. Verbund AG is committed to sustainability and social responsibility and has implemented several initiatives to reduce its environmental impact and support the communities in which it operates. The company has a strong financial position and a solid dividend policy.