Verbund AG (OEWA)

Profile

https://www.verbund.com

Verbund AG is Austria's leading energy company and one of Europe's largest producers of electricity from hydropower. Founded in 1947 as Österreichische Elektrizitätswirtschafts-AG, it generates nearly 100% of its electricity from renewable sources, primarily hydropower, supplemented by wind, solar, and thermal power. Verbund AG operates over 100 hydropower plants in Austria, including major facilities on the Danube, Inn, Enns, and Drau rivers, with a total installed capacity exceeding 6,600 megawatts and annual output around 24.8 billion kWh. Through its subsidiary Austrian Power Grid AG (APG), it manages Austria's extensive high-voltage transmission network, spanning 3,471 km of routes. The company plays a pivotal role in the energy transition, supplying clean electricity to households, businesses, and industries across Austria and exporting to markets in Germany, France, Italy, and beyond. Verbund AG also engages in international projects in renewables, green hydrogen production, and equity interests in European energy firms. With the Republic of Austria as its majority shareholder at 51%, it emphasizes sustainability, resource conservation, and climate-friendly innovation, securing reliable energy supply for a greener future.