Verbund's Renewable Strategy: Growth in Europe and Hydrogen Focus
Verbund aims to enhance its renewable energy capacity, targeting 35 TWh of annual production with 25% from wind and solar by 2030. The diversification strategy involves expanding in Austria, Germany, Spain, Italy, and Romania while exploring hydrogen opportunities.
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Verbund currently generates approximately 35 terawatt-hours of renewable electricity annually, with a goal of achieving 25% of this from wind and solar by 2030. The company aims to expand its installed storage capacity from 4 gigawatts to 8 gigawatts by 2034, utilizing both pumped storage and battery systems.
Verbund's strategy includes a focus on the German-speaking market as well as significant developments in Spain, Italy, and Romania. The company is exploring hydrogen projects while addressing regional acceptance challenges, particularly in Austria. With rising demand for renewable energy connections in Spain, Verbund's strategy may enhance its market position amid evolving regulatory frameworks.
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