Connection

popular articles

Plenitude inaugurates the 50 MW Villanueva II solar power plant in Spain
USA: US$1.2 billion agreement for EV battery plant
Libya: New appointment to the Central Bank, key to the oil crisis
France: Paris renews its electrical network to withstand heatwaves
Tunnel under the English Channel: Getlink Still Weighed Down by Its Electric Cable Activity

ISB Supports Austrian Wind Power

ISB grants a 3 million euro loan to support wind power in Austria. It will increase the capacity of the Pretul wind farm by 16.6 MW with 4 new wind turbines.

Please share:

The European Investment Bank (EIB) is providing a EUR 3 million loan to Österreichische Bundesforste AG. This will be used to build and operate 4 additional wind turbines in the Pretul wind farm in Styria. The project is estimated to cost 21 million euros.

ISB Reiterates Support for Pretul Wind Farm

This is not the first time that ISB supports the development of wind power in Austria. It had already granted a loan to Österreichische Bundesforste in 2015 for the construction of the Pretul wind farm. At the time, it provided a loan of 36.7 million euros.

The latter allowed the construction of the wind farm with a capacity of 42 MW, thanks to the construction of 14 turbines. In addition, it is connected to an existing substation located 7 km away. The Pretul wind farm has been in operation since 2017.

With this new ISB loan, the capacity of the wind farm will increase by 16.6 MW. In addition, this financing is provided jointly by the EIB and the Raiffeisenlandesbank Oberösterreich.

Thomas Östros, ISB Vice President, is pleased:

“The additional wind turbines will increase power generation from renewable resources and help reduce carbon emissions and pollution compared to fossil fuel use. So we are proud to be part of this climate-friendly project.”

Because of its geographical position, at some 1,600 meters above sea level, the wind farm will house wind turbines specifically designed for a cold climate. This is a first in Austria.

In addition, it is about helping Austria to accelerate its energy transition. This funding is all the more important as Europe is going through a serious energy crisis. Georg Schöppl, Managing Director of Österreichische Bundesforste AG, is pleased to be part of Austria’s “energy turnaround”.

Register free of charge for uninterrupted access.

Publicite

Latest news

Ukraine Accuses Slovakia of Blocking €2 Billion Gas Transit
Steelhead LNG accuses Cedar LNG of exploiting data for $1 billion
NANO Nuclear Energy acquires modular reactors for $8.5 million
China: CATL redefines safety with a chassis tested at 120 km/h
Canada records a 2.4% increase in electricity production in October

Recently published in

Canada records a 2.4% increase in electricity production in October

Driven by wind energy and fossil fuels, Canada’s electricity production rose by 2.4% in October, despite the persistent impact of a drought limiting hydropower generation.
Germany welcomes two wind farms with 36 MW acquired by Encavis
Encavis acquires two wind farms under construction in Germany, in Bonnhagen and Roitzsch, with a combined capacity of 36 MW. This operation aims to strengthen the national energy portfolio.
en_11401038540
Germany welcomes two wind farms with 36 MW acquired by Encavis
Encavis acquires two wind farms under construction in Germany, in Bonnhagen and Roitzsch, with a combined capacity of 36 MW. This operation aims to strengthen the national energy portfolio.
en_11401038540
The United States approves a 2.4 GW offshore wind project in Massachusetts
The Biden-Harris administration has approved an offshore wind project in Massachusetts, targeting 2.4 GW capacity to power 840,000 homes.
en_11401000540
The United States approves a 2.4 GW offshore wind project in Massachusetts
The Biden-Harris administration has approved an offshore wind project in Massachusetts, targeting 2.4 GW capacity to power 840,000 homes.
en_11401000540
Germany modernizes its wind farms with tripled capacity
Novo Holdings and European Energy are modernizing 17 wind farms in Germany to triple their capacity to 1,100 GWh per year, supporting the energy transition and meeting growing demand.
en_1140999540
Germany modernizes its wind farms with tripled capacity
Novo Holdings and European Energy are modernizing 17 wind farms in Germany to triple their capacity to 1,100 GWh per year, supporting the energy transition and meeting growing demand.
en_1140999540

Scotland Adds 195 MW of Wind Energy and Storage Capacity with Boralex

Boralex enters a partnership in Scotland to develop a 145 MW wind energy project and a 50 MW energy storage system, strengthening the UK's renewable energy landscape.
GE Vernova secures 2 GW contract for offshore wind connection in the Baltic Sea
The Ostwind 4 project, led by GE Vernova and 50Hertz, introduces 2 GW HVDC technology to connect offshore wind from the Baltic Sea to the German power grid.
en_1140944540
GE Vernova secures 2 GW contract for offshore wind connection in the Baltic Sea
The Ostwind 4 project, led by GE Vernova and 50Hertz, introduces 2 GW HVDC technology to connect offshore wind from the Baltic Sea to the German power grid.
en_1140944540
France: VALOREM and its partners finance an 18.9 MW wind farm in Lavausseau
In Nouvelle-Aquitaine, VALOREM, Bpifrance, and Crédit Agricole announce funding for an 18.9 MW wind farm in Lavausseau. The project aims to produce 43 GWh annually, supporting the region's energy transition.
en_1140946540
France: VALOREM and its partners finance an 18.9 MW wind farm in Lavausseau
In Nouvelle-Aquitaine, VALOREM, Bpifrance, and Crédit Agricole announce funding for an 18.9 MW wind farm in Lavausseau. The project aims to produce 43 GWh annually, supporting the region's energy transition.
en_1140946540
Copenhagen Infrastructure Partners invests in a 495 MW wind project in Canada
Copenhagen Infrastructure Partners (CIP) acquires a majority stake in a 495 MW wind project in Canada, with economic impact and a strategy focused on green hydrogen for Europe.
en_1140933540
Copenhagen Infrastructure Partners invests in a 495 MW wind project in Canada
Copenhagen Infrastructure Partners (CIP) acquires a majority stake in a 495 MW wind project in Canada, with economic impact and a strategy focused on green hydrogen for Europe.
en_1140933540

700 million euros invested to connect offshore wind farms to the French power grid

A 700-million-euro project aims to connect two offshore wind farms to the national power grid, strengthening strategic energy infrastructure in France.
Ørsted sells 50% of Greater Changhua 4 Offshore Wind Farm to Cathay Life Insurance
Ørsted announces an agreement with Cathay Life Insurance to sell 50% of the Greater Changhua 4 Offshore Wind Farm under construction in Taiwan, marking a key step in their strategic energy partnership.
en_1140929540
Ørsted sells 50% of Greater Changhua 4 Offshore Wind Farm to Cathay Life Insurance
Ørsted announces an agreement with Cathay Life Insurance to sell 50% of the Greater Changhua 4 Offshore Wind Farm under construction in Taiwan, marking a key step in their strategic energy partnership.
en_1140929540
Etermar Energia and Qair join forces to develop floating wind power in the Iberian Peninsula
Etermar Energia and Qair have signed an agreement to collaborate on floating offshore wind projects in the Iberian Peninsula, strengthening their strategic ambition in this rapidly expanding market.
en_1140928540
Etermar Energia and Qair join forces to develop floating wind power in the Iberian Peninsula
Etermar Energia and Qair have signed an agreement to collaborate on floating offshore wind projects in the Iberian Peninsula, strengthening their strategic ambition in this rapidly expanding market.
en_1140928540
ENERCON Returns to Romania with a 38 MW Wind Project
After 12 years of absence, ENERCON signs a contract for a 38 MW wind farm in Romania under the PNRR program.
en_1140900540
ENERCON Returns to Romania with a 38 MW Wind Project
After 12 years of absence, ENERCON signs a contract for a 38 MW wind farm in Romania under the PNRR program.
en_1140900540

The United Kingdom Reaches a Historic Milestone in Wind Power Production and Electricity Exports

With 22 GW produced in a single day, the United Kingdom asserts itself as a leader in wind power. The growth in its exports to Europe marks a strategic advance in the energy transition.
Vestas secures a contract for the Inch Cape offshore wind project in Scotland
Vestas will supply 72 turbines for the Inch Cape offshore wind project in Scotland, a firm 1.1 GW contract signed with Inch Cape Offshore Limited, a joint venture between ESB and Red Rock Renewables.
en_1140902540
Vestas secures a contract for the Inch Cape offshore wind project in Scotland
Vestas will supply 72 turbines for the Inch Cape offshore wind project in Scotland, a firm 1.1 GW contract signed with Inch Cape Offshore Limited, a joint venture between ESB and Red Rock Renewables.
en_1140902540
US Plans New Offshore Wind Auction in Gulf of Mexico for 2026
Hecate Energy and Invenergy show interest in offshore wind projects in the Gulf of Mexico, prompting US authorities to schedule an auction for 2026 despite political and economic uncertainties.
en_1140889540
US Plans New Offshore Wind Auction in Gulf of Mexico for 2026
Hecate Energy and Invenergy show interest in offshore wind projects in the Gulf of Mexico, prompting US authorities to schedule an auction for 2026 despite political and economic uncertainties.
en_1140889540
Voltalia sells a 12 MW wind farm in Charente to CNR
Voltalia, an international renewable energy company, sells the La Faye wind farm in Charente to the Compagnie Nationale du Rhône (CNR) while ensuring its technical management through Greensolver.
en_1140809540
Voltalia sells a 12 MW wind farm in Charente to CNR
Voltalia, an international renewable energy company, sells the La Faye wind farm in Charente to the Compagnie Nationale du Rhône (CNR) while ensuring its technical management through Greensolver.
en_1140809540

Agreement Signed to Develop the First 102 MW Wind Farm in Khanh Hoa Province

Nexif Ratch Energy and Khanh Hoa Province have signed a memorandum of understanding to develop a 102 MW wind power project, marking a major step forward in diversifying the region's energy mix in Vietnam.
Canada: B.C. launches 9 wind energy projects to power 500,000 homes
Nine wind energy projects approved in British Columbia will boost the power grid by 8%, generating 5,000 gigawatt-hours annually, equivalent to the consumption of 500,000 homes. Eight of these projects include 51% Indigenous ownership.
en_1140806540
Canada: B.C. launches 9 wind energy projects to power 500,000 homes
Nine wind energy projects approved in British Columbia will boost the power grid by 8%, generating 5,000 gigawatt-hours annually, equivalent to the consumption of 500,000 homes. Eight of these projects include 51% Indigenous ownership.
en_1140806540
No Offers for Denmark’s Largest Offshore Wind Farm
Despite its 6 GW potential, Denmark’s largest offshore wind project received no offers during the auction. This setback highlights the economic challenges facing the European wind energy sector.
en_1140768540
No Offers for Denmark’s Largest Offshore Wind Farm
Despite its 6 GW potential, Denmark’s largest offshore wind project received no offers during the auction. This setback highlights the economic challenges facing the European wind energy sector.
en_1140768540
The AfDB Funds a Historic 1.1 GW Wind Project in Egypt
The African Development Bank grants a $170 million loan for the Suez Wind Energy project. A strategic step to strengthen Egypt's leadership in renewable energy.
en_1140738540
The AfDB Funds a Historic 1.1 GW Wind Project in Egypt
The African Development Bank grants a $170 million loan for the Suez Wind Energy project. A strategic step to strengthen Egypt's leadership in renewable energy.
en_1140738540

Envision Energy invests in a wind turbine and energy storage factory in Kazakhstan

Envision Energy signs an agreement with Samruk Energy and Kazakhstan Utility Systems to launch a local manufacturing plant, aiming to strengthen Kazakhstan’s energy capacity and reduce dependency on imports.
ERG completes the repowering of the Salemi-Castelvetrano wind farm in Sicily
ERG has finalized the modernization of the Salemi-Castelvetrano wind farm in Sicily, increasing its capacity to 75.6 MW with 18 new turbines and an annual production of 208 GWh, supporting the energy transition.
en_1140673540
ERG completes the repowering of the Salemi-Castelvetrano wind farm in Sicily
ERG has finalized the modernization of the Salemi-Castelvetrano wind farm in Sicily, increasing its capacity to 75.6 MW with 18 new turbines and an annual production of 208 GWh, supporting the energy transition.
en_1140673540
Swedish Defense Blocks Offshore Wind Farms in the Baltic Sea
Offshore wind farm projects in the Baltic Sea are deemed incompatible with Sweden's national defense due to the disruptions they would cause to critical military sensors.
en_1140621540
Swedish Defense Blocks Offshore Wind Farms in the Baltic Sea
Offshore wind farm projects in the Baltic Sea are deemed incompatible with Sweden's national defense due to the disruptions they would cause to critical military sensors.
en_1140621540
Masdar and Silk Road Fund partner to invest USD 2.8 billion in renewable energy
Masdar and Silk Road Fund sign a strategic agreement to co-invest up to USD 2.8 billion in renewable energy projects, targeting primarily developing countries as part of the global energy transition.
en_1140589540
Masdar and Silk Road Fund partner to invest USD 2.8 billion in renewable energy
Masdar and Silk Road Fund sign a strategic agreement to co-invest up to USD 2.8 billion in renewable energy projects, targeting primarily developing countries as part of the global energy transition.
en_1140589540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS