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Austria: EIB supports hydropower expansion in Upper Austria
The European Investment Bank (EIB) has granted Energie AG Oberösterreich in Upper Austria a financing package of up to €400 million to expand hydropower. Energie AG plans to invest a total of over €600 million in a new pumped storage power plant in Ebensee and a planned run-of-river hydropower plant in Roitham/Traunfall.
Austria: Land Burgenland and Burgenland Energie partner with EIB on largest wind and solar project portfolio
Together with Austria’s largest banks (UniCredit Bank Austria, Raiffeisen Bank International, Erste Bank and Wiener Städtische) and European financing institutions (Landesbank Baden-Württemberg and Talanx Group), the European Investment Bank (EIB) is helping fund the largest-ever portfolio for the construction of solar and wind power plants in Austria with a loan of €250 million. Erste Bank and Landesbank Baden-Württemberg will provide a further €100 million in loans supported by the EIB. This is the biggest financing project for green energy from solar and wind in Austria that the EIB has ever participated in.
Almost all Austrian firms have taken steps to reduce emissions, EIB Investment Survey shows
Almost all Austrian firms – 94% – have acted to reduce greenhouse gas emissions through steps such as curbing waste, recycling and saving energy, according to a European Investment Bank (EIB) Group survey. Austrian companies also have done more than the European Union average in embracing digital technologies, new country results from the EIB Group Investment Survey (EIBIS) show.