Energiequelle has signed a cooperation agreement with local company Brandpower to develop wind and solar projects in Austria.
The country has set itself ambitious targets to achieve climate neutrality. To date, more than 80% of electricity capacity already comes from renewable energy sources.
The federal government’s goal is to switch 100% of all domestic electricity consumption to renewable energy sources by 2030 and to achieve climate neutrality in Austria by 2040.
Director of international project management at Energiequelle Juan Hernan said: “Austria has established clear political framework conditions to enable the expansion of wind and solar energy.
“With Brand-power, we also have a local partner at our side who knows the country and the laws and whose network and expertise we can benefit from when we enter the market.”
Brandpower managing director Josef Brandstetter added: “Energiequelle’s experience will provide us with expert support in Austria.
“Energiequelle’s strategy and its commitment to finding energy solutions together with local communities and people convinced us.”