EIB supports 2GW Austrian renewable power portfolio
The portfolio will consist of 40 projects, split between wind and solar plants, which will include agrivoltaics (agriPV) projects and co-located wind and solar hybrid plants.
Solar power in Austria contributes 8.82 TWh of generation to the Austrian grid, accounting for 11.2% of total electric power generation as of 2024, with 8.48 GW of installed capacity.
Taking wind, biomass and solar into account, renewable power generation rises to more than three-quarters of the country's total electricity production. Austria's last coal-fired power plant closed back in 2020. Without electricity, modern-day life would grind to a halt.
Austria has a highly reliable electricity supply network – thanks mainly to a diversified mix of energy sources which ensures that generating capacity can be put to optimum use at any time. This section of our website tells you everything you need to know about the Austrian electricity system.
In 2023, 1,426 wind turbines were in operation in Austria. The percentage of hydro power in renewable energies was 30.4% in 2023. Source: Innovative energy technologies in Austria. Market development 2024.
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