17 Facts About Verbund AG

Verbund AG, formerly known as Verbundgesellschaft or Osterreichische Elektrizitatswirtschafts-AG, is Austria's largest electricity provider.

Verbund AG is listed on the Vienna Stock Exchange and in the ATX, the key index of Austrian stock-listed companies.

In mid-1987, the second nationalization act was amended to the extent that Verbund AG could be partially privatized, as long as 51 percent remained in government hands.

Verbund AG itself participated in EVN in form of a joint venture discontinued this share package in 2003.

In mid-2005, Verbund AG established the business division of Sales and became active in Austria's end customer market selling electricity.

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In 2007, Verbund AG 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 river Inn from energy company E ON and, hence, advanced to fourth largest hydropower producer in Europe.

Verbund AG operates 20 storage power plants and 88 run-of-river plants in Austria; these plants are located in the alpine regions of Salzburg, Tyrol, Carinthia and Styria, as well as along all major rivers such as the Inn, Danube, Enns and Drau rivers.

Verbund AG's total installed capacity in hydropower plants is 6,600 megawatt; average annual generation is 24.

Verbund AG is one of the largest producers of electricity in the area of thermal power, as well as one of the largest district heating providers in Austria.

Since 2009, Verbund AG has been operating three wind farms in Austria, in Bruck an der Leitha, Hollern and Petronell-Carnuntum, with a total installed capacity of 49 MW.

In fiscal 2008, Verbund AG recorded the best result of its history so far: with around 2,500 employees, the company achieved a turnover of more than 3.

Verbund AG is active in more than 20 countries, the largest sales markets being Germany, France and Italy.

Effective July 2005, Verbund AG has been active in the area of direct power sales on the deregulated Austrian market.

Verbund AG is actively involved in the major electricity markets of Europe and Turkey, mainly in connection with local partners.

In Turkey, Verbund AG 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 2004, Verbund AG has had its own art collection, "Sammlung Verbund AG", consisting of contemporary international artworks from 1970 until today.