With the Green Electricity Act amendment, medium-scale hydroelectric power plants will, in future, also become eligible for promotion. This will clearly raise the chances that such projects pay off.
“Vital framework conditions for a more efficient domestic electricity industry have been created”, said VERBUND head Haider. “Right now the idea is to allow electricity companies to build, too. Here at VERBUND we want to invest 2 billion euros over the years to come in projects including the 380 kV Austria Ring. This is why we urgently appeal to the responsible policymakers to finally give us the go-ahead for the Styria and Salzburg line.”